Form 4: Broadcom Director Henry Samueli Reports Stock Grant and Indirect Holdings

Broadcom director Henry Samueli reported the acquisition of 18,601 shares of common stock through a grant and disclosed indirect beneficial ownership of over 8.8 million shares through various entities.

Summary

• Henry Samueli, a director at Broadcom Inc., reported a transaction on April 15, 2024, involving the acquisition of 18,601 shares of Broadcom common stock.
• These shares were acquired through a grant, with a price of $0 per share.
• Following this transaction, Samueli's total beneficial ownership includes 3,990,163 shares held indirectly through D95GT LLC, 3,157,399 shares through H&S Investments I L.P., 1,227,203 shares through E95GT LLC, and 459,690 shares through H&S Portfolio II L.P.
• Samueli disclaims beneficial ownership of these indirectly held securities except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of insider transactions, which is neither particularly positive nor negative. It is a neutral event from an investment perspective.

Positives

• The acquisition of shares through a grant could be seen as a positive sign of alignment between the director and the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies like Broadcom. It provides transparency into the holdings of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for directors and officers of publicly traded companies in the United States, as mandated by the SEC.
• The reporting of indirect ownership through various entities is also a common practice, especially for high-net-worth individuals and investment professionals.
• The level of detail provided in this filing is consistent with SEC requirements and industry norms.

Stakeholder Impact

• This filing provides transparency to shareholders regarding the holdings of a key director.
• The transaction itself is unlikely to have a significant impact on other stakeholders.

Key Dates

Keywords

Broadcom, Henry Samueli, stock grant, beneficial ownership, Form 4, insider trading, equity securities, director