Form 4: QUALCOMM SVP & CAO Reports Stock Transactions

QUALCOMM's SVP & CAO, Patricia Y. Grech, reported multiple transactions involving common stock and Restricted Stock Units, including acquisitions, tax-related disposals, and sales under a 10b5-1 plan.

Summary

• Patricia Y. Grech, Senior Vice President and Chief Accounting Officer of QUALCOMM INC/DE, reported changes in her beneficial ownership of company securities.
• On November 20, 2025, Grech acquired a total of 1,095 shares of common stock through the conversion of Restricted Stock Units (RSUs), with no exercise price.
• On the same date, 379 shares of common stock were disposed of at a price of $159.59 per share to cover tax liabilities related to RSU vesting.
• On November 21, 2025, Grech sold 513 shares of common stock at a price of $160.95 per share, executed under a Rule 10b5-1 trading plan adopted on December 10, 2024.
• Following these transactions, Grech's indirect beneficial ownership of common stock through a family trust stands at 203 shares.
• Remaining derivative securities include 1,682.5931 Restricted Stock Units vesting through November 20, 2026, and 3,852.0174 Restricted Stock Units vesting through November 20, 2027.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive. While there were sales, they were pre-planned or tax-related, and the reporting person also acquired shares through RSU vesting, resulting in a net increase in common stock beneficial ownership and continued significant RSU holdings, indicating ongoing alignment with company performance.

Positives

• The reporting person acquired 1,095 shares of common stock through RSU conversions, indicating continued equity participation.
• Significant holdings of Restricted Stock Units (totaling 5,534.6105 units) remain, aligning management's interests with long-term shareholder value.

Negatives

• A total of 892 shares of common stock were disposed of through a tax-related withholding and a pre-planned sale, reducing direct common stock holdings.

Risks

• While routine, insider selling, even under a 10b5-1 plan, can sometimes be perceived negatively by investors if not understood in context.

Future Outlook

The filing does not provide forward-looking statements or guidance regarding the company's future performance, focusing solely on past insider transactions.

Industry Context

This filing details routine insider transactions for a senior executive at QUALCOMM, a leading company in the semiconductor and telecommunications equipment industry. Such transactions are common for executives receiving equity compensation and typically do not reflect broader industry trends.

Management Changes

Corporate Governance

Related Party Transactions

• Shares are held indirectly by the reporting person's family trust, for which the reporting person and her spouse are trustees, and immediate family members are the sole beneficiaries.

Stakeholder Impact

• Shareholders: Routine insider transactions typically have minimal direct impact on shareholders, as they are often part of executive compensation and personal financial planning.
• Employees: No direct impact mentioned.

Next Steps

• Continued vesting of 1,682.5931 Restricted Stock Units until November 20, 2026.
• Continued vesting of 3,852.0174 Restricted Stock Units until November 20, 2027.

Key Dates

Recommendation

The filing details routine insider transactions by a senior officer, including RSU vesting, tax-related disposals, and a pre-planned sale. These transactions are standard and do not indicate a significant change in the company's fundamentals or outlook, thus a 'hold' recommendation is maintained.

Keywords

QCOM, QUALCOMM, insider trading, Form 4, stock transactions, Restricted Stock Units, beneficial ownership, 10b5-1 plan