Form 4: Qualcomm CEO Cristiano Amon Sells 8,100 Shares Under 10b5-1 Trading Plan

Qualcomm's President and CEO, Cristiano R. Amon, sold 8,100 shares of common stock at a price of $169.6 per share on March 7, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Cristiano R. Amon, the President and CEO of Qualcomm, sold 8,100 shares of Qualcomm's common stock on March 7, 2024.
• The sale was executed at a price of $169.6 per share.
• Following the transaction, Amon directly owns 16,200 shares of Qualcomm's common stock.
• Amon also indirectly owns 232,661 shares through a trust.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on June 6, 2023.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by executives are a normal part of corporate governance. It is important to note that the sale was executed under a pre-arranged 10b5-1 trading plan, which is a common practice to avoid accusations of insider trading.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, but the use of a 10b5-1 trading plan suggests it was pre-planned and not based on inside information.

Key Dates