Form 4: Broadcom Director Sells Shares Under 10b5-1 Plan

Broadcom Inc. Director Henry Samueli disposed of 444,475 shares of common stock, including sales and a gift, under a pre-arranged 10b5-1 trading plan.

Summary

• Henry Samueli, a Director of Broadcom Inc., reported transactions involving the company's common stock.
• A total of 368,797 shares were sold on September 24, 2025, at weighted average prices ranging from $334.59 to $339.38 per share.
• An additional 75,678 shares were gifted on the same date.
• All reported transactions were executed pursuant to a Rule 10b5-1 trading plan adopted on December 18, 2024.
• Following these transactions, Samueli's total beneficial ownership in Broadcom Inc. is 85,948,818 shares, comprising 3,492 directly held shares (including 1,602 RSUs) and 85,945,326 indirectly held shares through various entities.

Sentiment

Score: 5

Explanation: The transactions represent routine, pre-scheduled disposals by a director under a Rule 10b5-1 trading plan, which typically has a neutral impact as it is not indicative of new, material information.

Positives

• Transactions were executed under a pre-arranged Rule 10b5-1 trading plan, indicating planned rather than reactive sales, which enhances transparency.

Negatives

• A significant number of shares (368,797) were sold by a director.
• A substantial number of shares (75,678) were gifted, reducing the director's overall stake.

Risks

• Potential for market misinterpretation of director share disposals as a lack of confidence, despite the 10b5-1 plan.

Future Outlook

na

Industry Context

na

Related Party Transactions

• Indirect beneficial ownership is held through D95GT LLC, H&S Investments I, L.P., E95GT LLC, and H&S Portfolio II, L.P., with the reporting person disclaiming beneficial ownership except for pecuniary interest.

Stakeholder Impact

• Shareholders may perceive the director's sales as a slight negative, though the 10b5-1 plan mitigates concerns about immediate insider sentiment. The overall impact is likely minimal given the pre-planned nature.

Key Dates

Recommendation

The filing details routine, pre-scheduled share disposals by a director under a Rule 10b5-1 plan. These transactions are not indicative of new material information or a change in the company's fundamental outlook. Therefore, the filing itself does not provide a basis for changing an investment thesis, suggesting a 'hold' recommendation for existing positions.

Keywords

Broadcom, AVGO, Henry Samueli, Insider Trading, Form 4, SEC Filing, Share Sale, Director, 10b5-1 Plan, Equity Transaction