Form 4: Broadcom Director Henry Samueli Reports Stock Transfers

Broadcom director Henry Samueli reported multiple non-derivative stock transfers, including gifts, affecting his indirect beneficial ownership.

Summary

• Henry Samueli, a director at Broadcom Inc., filed a Form 4 detailing changes in his beneficial ownership of Broadcom stock.
• The transactions include the transfer of 14,385 shares on December 15, 2023, and two transfers of 1,800 shares each on December 18, 2023.
• All the reported transactions were gifts, with a price of $0 per share.
• These transactions altered the number of shares indirectly held through various entities, including D95GT LLC, H&S Investments I L.P., E95GT LLC, and H&S Portfolio II L.P.
• Samueli disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, not indicative of positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies like Broadcom.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders in the US.
• The transactions reported are consistent with typical insider activity, such as gifts or transfers to related entities.
• Other technology companies with similar insider ownership structures would also have similar filings.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders as they are gifts and do not represent a sale of shares on the open market.
• The filing provides transparency regarding insider ownership, which is important for stakeholders.

Key Dates

Keywords

Broadcom, Henry Samueli, Form 4, Beneficial Ownership, Stock Transfer, Director, Gifts, AVGO