Form 4: Qualcomm Executive James H. Thompson Sells 8,000 Shares Under 10b5-1 Plan

James H. Thompson, Chief Technology Officer of Qualcomm, sold 8,000 shares of common stock on April 1, 2024, at a price of $168.27 per share, according to a Form 4 filing with the SEC.

Summary

• James H. Thompson, Chief Technology Officer of Qualcomm, reported a transaction involving the sale of Qualcomm (QCOM) common stock on April 1, 2024.
• Thompson sold 8,000 shares at a price of $168.27 per share.
• The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 29, 2023.
• Following the transaction, Thompson directly owns 261,893 shares of Qualcomm common stock.
• Thompson also has indirect ownership through childrens' trusts (4,539 shares), a spouse's trust (45,453 shares), and another trust (45,453 shares).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an insider stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The sale of shares 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