Broadcom Chairman's Foundation to Sell $51.6M in Stock Through Trading Plan
Broadcom's Chairman Files Amended Form 144/A for Planned Stock Sale The Samueli Foundation, associated with Broadcom's Chairman of the Board, has filed an amended Form 144/A to correct the adoption date of their Rule 10b5-1 trading plan.
Rhea-AI Filing Summary
Broadcom's Chairman Files Amended Form 144/A for Planned Stock Sale
The Samueli Foundation, associated with Broadcom's Chairman of the Board, has filed an amended Form 144/A to correct the adoption date of their Rule 10b5-1 trading plan. The foundation plans to sell 192,024 shares of Broadcom common stock with an aggregate market value of $51.6 million through Northern Trust Securities on the NASDAQ.
Key details:
- Trading plan adoption date corrected to December 18, 2024 (previously reported as January 10, 2024)
- Shares were originally acquired through gifts from D95GT, LLC (97,244 shares) and H & S Investments LLP (94,780 shares) in August 1991
- Previous sale reported: 136,248 shares sold on March 27, 2025, for proceeds of $23.6 million
- Total outstanding shares: 4,701,948,717
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FAQ
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