Form 4: Broadcom Director Kenneth Hao Sells Shares in Multiple Transactions

Broadcom director Kenneth Hao sold a total of 9,160 shares of common stock in multiple transactions on March 21, 2024, at weighted average prices ranging from $1,386.76 to $1,389.20.

Summary

• Kenneth Hao, a director at Broadcom Inc., sold 9,160 shares of Broadcom common stock on March 21, 2024.
• The sales were executed in multiple transactions with weighted average prices ranging from $1,386.76 to $1,389.20 per share.
• The shares were sold in four separate transactions, with the number of shares sold in each transaction ranging from 486 to 5,462.
• Following these transactions, Mr. Hao indirectly holds 112,037 shares through various entities, including Silver Lake Group, L.L.C., an LLC, and a Limited Partnership.
• The filing also notes transfers of shares between investment vehicles beneficially owned by Mr. Hao and his family, which were exempt from reporting.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by a director. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This is a routine Form 4 filing, which is common for corporate insiders who trade company stock. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transactions are within the normal range of insider trading activity, and the volume of shares sold is not unusual for a director of a large company like Broadcom.
• Comparable companies would have similar filings when directors or officers trade their company's stock.

Stakeholder Impact

• The stock sales by a director may have a minor impact on shareholder sentiment, but the volume is not significant enough to cause major price fluctuations.

Key Dates

Keywords

Broadcom, Kenneth Hao, stock sale, insider trading, Form 4, share transaction, Silver Lake Group