Form 4: Broadcom Director Henry Samueli Reports Significant Stock Sales and Gifts Under Pre-Arranged Plan

Broadcom Inc. Director and 10% Owner Henry Samueli reported the sale of 473,898 shares and the gifting of 192,024 shares of common stock on June 25, 2025, under a Rule 10b5-1 trading plan.

Summary

• Henry Samueli, a Director and 10% Owner of Broadcom Inc. (AVGO), reported multiple transactions involving the company's common stock on June 25, 2025.
• A total of 473,898 shares were sold across seven separate transactions at weighted average prices ranging from $264.16 to $269.62 per share.
• The sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Samueli on December 18, 2024.
• Additionally, Mr. Samueli reported gifting a total of 192,024 shares of common stock in two transactions on the same date, with a reported price of $0.
• Following these transactions, Mr. Samueli's total beneficial ownership in Broadcom Inc. common stock stands at 86,442,963 shares, held directly and indirectly through various entities (D95GT LLC, H&S Investments I, L.P., E95GT LLC, and H&S Portfolio II, L.P.).
• The Reporting Person disclaims beneficial ownership of securities held indirectly except to the extent of his pecuniary interest therein.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative. While the sales were pre-planned under a 10b5-1 plan, which reduces the negative implication of reactive selling, the sheer volume of shares disposed of by a significant insider (Director and 10% Owner) could still be perceived with some caution by the market.

Positives

• The transactions were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating that the sales were scheduled in advance and not in response to recent non-public information, which can mitigate negative perceptions of insider selling.

Negatives

• The sale of 473,898 shares by a Director and 10% Owner represents a significant reduction in direct equity exposure, which could be interpreted by some investors as a lack of confidence, despite being part of a pre-arranged plan.
• The gifting of 192,024 shares further reduces the insider's direct ownership in the company.

Risks

• While executed under a 10b5-1 plan, significant insider selling, especially by a director and 10% owner, can sometimes lead to negative investor sentiment or speculation about the company's future prospects, potentially impacting share price.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding Broadcom Inc.'s future financial performance or strategic outlook.

Industry Context

This Form 4 filing details an individual insider's transactions and does not provide information related to broader industry trends or competitive landscape within the semiconductor or software sectors where Broadcom operates.

Related Party Transactions

• The beneficial ownership includes shares held indirectly by entities such as D95GT LLC, H&S Investments I, L.P., E95GT LLC, and H&S Portfolio II, L.P., where the Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders: May observe a reduction in a key insider's direct stake, potentially influencing investor sentiment, though the 10b5-1 plan context mitigates immediate concerns.

Key Dates

Keywords

Broadcom Inc., AVGO, Henry Samueli, SEC Form 4, Insider Trading, Stock Sale, Equity Disposal, Rule 10b5-1 Plan, Beneficial Ownership, Director Transactions, Large Shareholder