[144] Broadcom Inc. SEC Filing
Rhea-AI Filing Summary
Broadcom's Chairman Files Form 144 for Significant Stock Sale
The Samueli Foundation, associated with Broadcom's Chairman of the Board, has filed a Form 144 indicating intent to sell 192,024 shares of common stock with an aggregate market value of $51.6 million. The sale is planned for June 26, 2025, through Northern Trust Securities on NASDAQ.
Key details of the transaction:
- The shares were originally acquired through gifts from D95GT, LLC (97,244 shares) and H & S Investments LLP (94,780 shares) in August 1991
- The Foundation previously sold 136,248 shares on March 27, 2025, for gross proceeds of $23.6 million
- The sale follows a Rule 10b5-1 trading plan adopted on January 10, 2024
The proposed sale represents approximately 0.004% of Broadcom's total outstanding shares (4.7 billion). The filing includes standard attestation that the seller has no knowledge of material adverse non-public information.
Positive
- None.
Negative
- Insider sale: The Samueli Foundation (connected to Chairman of the Board) plans to sell 192,024 shares worth approximately $51.6M through a 10b5-1 trading plan, following another recent sale of 136,248 shares ($23.6M) in March 2025