Form 4: Broadcom Executive Sells 5,000 Shares of Common Stock

A Broadcom executive, Charlie B Kawwas, sold 5,000 shares of common stock at a price of $1,344 per share on March 25, 2024.

Summary

• Charlie B Kawwas, a President at Broadcom, sold 5,000 shares of Broadcom common stock on March 25, 2024.
• The sale price was $1,344 per share.
• Following the transaction, Mr. Kawwas directly owns 16,575 shares of Broadcom common stock.
• He also indirectly owns 72,092 shares through a trust and 55 shares each through four children and a spouse as custodian for two children.
• The reported direct holdings include 7,500 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing for an executive stock sale, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to an executive's stock transactions and is common in the technology sector.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies, particularly in the technology sector.
• Form 4 filings are standard practice for reporting insider transactions to the SEC.
• The sale of 5,000 shares is not unusual for an executive at a company the size of Broadcom.

Stakeholder Impact

• The stock sale by an executive may have a minor impact on investor sentiment, but is unlikely to significantly affect the share price.

Key Dates

Keywords

Broadcom, stock sale, executive, insider trading, common stock, share transaction, Form 4