AVGO Form 4: Henry Samueli reports multiple 09/24/2025 share sales under 10b5-1 plan
Rhea-AI Filing Summary
Henry Samueli, a director of Broadcom Inc. (AVGO), reported multiple sales of common stock on 09/24/2025 under a Rule 10b5-1 trading plan adopted December 18, 2024. The Form 4 lists a series of dispositions: 15,532 shares at a weighted average ~$334.59, 33,702 shares at ~$335.50, 49,859 shares at ~$336.56, 73,344 shares at ~$337.57, 72,258 shares at ~$338.50, and 124,102 shares at ~$339.38, plus a block of 75,678 shares reported with price $0. After these transactions the filing shows various holdings held indirectly by entities totaling 37,646,856 shares and additional indirect holdings of 31,429,540; 12,272,030; and 4,596,900 shares as described in the footnotes.
Positive
- Transactions executed under a Rule 10b5-1 plan, adopted December 18, 2024, indicating preplanned trades
- Full disclosure of weighted-average price ranges for each tranche, with an undertaking to provide detailed prices on request
- Large indirect holdings remain across affiliated entities (footnotes specify amounts)
Negative
- Multiple sizeable dispositions on 09/24/2025 totaling several hundred thousand shares at prices between ~$334 and ~$339
- Potential perception risk from insider selling, as a director reported numerous sales the same day
Insights
TL;DR: Director sold multiple tranches of AVGO stock via a pre-established 10b5-1 plan; large indirect holdings remain.
The reported sales were executed under a Rule 10b5-1 trading plan adopted December 18, 2024, indicating the transactions were preplanned rather than opportunistic. The Form 4 discloses multiple sell transactions on 09/24/2025 at weighted-average prices between approximately $334.04 and $339.95 and large indirect holdings across affiliated entities. From a governance perspective, documenting the 10b5-1 plan and disclosing the indirect ownership structure complies with Section 16 reporting norms. The filing does not state motivations for the sales or any change to board status.
TL;DR: Significant share disposals were reported but substantial indirect ownership remains concentrated in affiliated entities.
The Form 4 details tranche sales totaling several hundred thousand shares executed the same day at prices roughly from $334 to $339 per share. Footnotes indicate large concentrations of shares held indirectly by D95GT LLC, H&S Investments I, L.P., E95GT LLC, and H&S Portfolio II, L.P., with beneficial holdings listed as 37,646,856; 31,429,540; 12,272,030; and 4,596,900 shares respectively. The filing provides precise weighted-average price ranges for each tranche and notes inclusion of 1,602 RSUs in one reported disposition. No derivative transactions or option exercises are reported on this Form 4.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $0.001 par value | 15,532 | $334.59 | $5.20M |
| Sale | Common Stock, $0.001 par value | 33,702 | $335.50 | $11.31M |
| Sale | Common Stock, $0.001 par value | 49,859 | $336.56 | $16.78M |
| Sale | Common Stock, $0.001 par value | 73,344 | $337.57 | $24.76M |
| Sale | Common Stock, $0.001 par value | 72,258 | $338.50 | $24.46M |
| Sale | Common Stock, $0.001 par value | 124,102 | $339.38 | $42.12M |
| Gift | Common Stock, $0.001 par value | 75,678 | $0.00 | -- |
| holding | Common Stock, $0.001 par value | -- | -- | -- |
| holding | Common Stock, $0.001 par value | -- | -- | -- |
| holding | Common Stock, $0.001 par value | -- | -- | -- |
| holding | Common Stock, $0.001 par value | -- | -- | -- |
Footnotes (1)
- The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 18, 2024 by the Reporting Person. The price reported in column 4 is a weighted average price. These shares were sold in multiple transaction prices ranging from $334.04 to $335.02 inclusive. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected within the ranges set forth in footnotes 2 to 7. The price reported in column 4 is a weighted average price. These shares were sold in multiple transaction prices ranging from $335.04 to $336.01 inclusive. The price reported in column 4 is a weighted average price. These shares were sold in multiple transaction prices ranging from $336.06 to $337.05 inclusive. The price reported in column 4 is a weighted average price. These shares were sold in multiple transaction prices ranging from $337.06 to $338.05 inclusive. The price reported in column 4 is a weighted average price. These shares were sold in multiple transaction prices ranging from $338.06 to $339.05 inclusive. The price reported in column 4 is a weighted average price. These shares were sold in multiple transaction prices ranging from $339.06 to $339.95 inclusive. Includes 1,602 RSUs. Directly held by D95GT LLC. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. Directly held by H&S Investments I, L.P. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. Directly held by E95GT LLC. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. Directly held by H&S Portfolio II, L.P. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
