Form 4: Qorvo CEO Robert Bruggeworth Sells Shares Under 10b5-1 Trading Plan

Qorvo's President and CEO, Robert Bruggeworth, executed a sale of 15,279 shares of common stock at $100 per share under a pre-arranged 10b5-1 trading plan.

Summary

• On June 6, 2024, Robert A. Bruggeworth, President and CEO of Qorvo, Inc., sold 15,279 shares of Qorvo's common stock.
• The sale was executed at a weighted average price of $100 per share, with individual transactions ranging from $100.00 to $100.03.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on February 5, 2024.
• Following the transaction, Bruggeworth directly owns 190,161 shares of Qorvo's common stock and indirectly owns 20,000 shares through a Grantor Retained Annuity Trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Executive stock sales are a common occurrence, and the use of 10b5-1 trading plans allows insiders to sell shares without being accused of trading on non-public information. The market typically views these sales in the context of the executive's overall holdings and the company's performance.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates