Form 4: Qualcomm Executive James H. Thompson Reports Stock Sale
SEC Form 4
James H. Thompson, Chief Technology Officer of Qualcomm, reports the sale of 8,000 shares of common stock on August 2, 2024, under a pre-arranged trading plan.
Summary
- James H. Thompson, Chief Technology Officer of Qualcomm, filed a Form 4 on August 5, 2024, reporting a transaction in Qualcomm stock.
- On August 2, 2024, Thompson sold 8,000 shares of Qualcomm common stock at a price of $160.50 per share.
- The sale was executed under a Rule 10b5-1 trading plan adopted on November 29, 2023.
- Following the transaction, Thompson directly owns 229,987 shares of Qualcomm common stock.
- Thompson also has indirect ownership through childrens' trusts (4,539 shares), his spouse's trust (45,453 shares), and another trust (45,453 shares).
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a routine stock sale under a pre-arranged trading plan. No indication of positive or negative outlook.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on inside information.
Stakeholder Impact
- The stock sale by a high-ranking executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2023-11-29 | Date of adoption of Rule 10b5-1 trading plan |
| 2024-07-31 | Date of acquisition of 94 shares under the Company's Employee Stock Purchase Plan |
| 2024-08-02 | Date of stock sale transaction |
| 2024-08-05 | Date of Form 4 filing |
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