[Form 4] Broadcom Inc. Insider Trading Activity

Rhea-AI Filing Summary

Broadcom (NASDAQ:AVGO) CEO, President & Director Hock E. Tan reported two insider transactions.

• Gift: 190,000 shares on 06/23/2025 (Code G) at $0, cutting direct holdings to 522,836 shares.
• Sale: 40,000 shares on 06/24/2025 (Code S) at a weighted-average $262.173, generating roughly $10.5 million. Indirect holdings via trust now total 974,152 shares.

Post-transaction beneficial ownership is about 1.5 million shares. No Rule 10b5-1 plan was disclosed. The $10 million+ sale represents ~2.6% of Tan’s stake, a modest trim but financially material, potentially signaling executive sentiment to investors.

Positive

• None.

Negative

• CEO sold 40,000 shares for ≈$10.5 million, a material insider cash-out exceeding the $1 million threshold.
• Gift of 190,000 shares lowers direct ownership to 522,836 shares, modestly reducing management–shareholder alignment.

Insights

Insider Transaction Analyst

TL;DR: CEO moves $60 M+ of stock via gift and sale; modest stake reduction but material cash-out.

The $10.5 million open-market sale is well above the $1 million materiality threshold, yet it equates to under 3 % of Tan’s combined 1.5 million-share position. Historically, sales of this size by a sitting CEO are interpreted as portfolio diversification rather than an exit signal, especially when direct and indirect holdings remain substantial. The concurrent 190 k-share gift (≈$50 million at sale prices) deepens the reduction in direct ownership, slightly diluting voting alignment with common shareholders. Absence of a disclosed Rule 10b5-1 plan means timing was discretionary, which can amplify market scrutiny. Overall impact: noteworthy but not alarming; watch for additional sales patterns.

Portfolio Manager

TL;DR: Insider trim unlikely to alter AVGO thesis, but near-term sentiment could soften.

Because Tan still controls well over a million shares, governance influence remains intact. However, a CEO cashing out eight-figure sums near record highs often caps short-term momentum as traders question valuation. The gift removes voting power from direct holdings, yet it may migrate to family or philanthropic entities that remain long-term holders. I view the transaction as neutral-to-slightly bearish in signal strength: not large enough to suggest internal concern, but sizable enough to raise eyebrows among momentum investors. Continued monitoring of insider activity and any follow-up Form 4s will be critical for confirming whether this is an isolated liquidity event or the start of a broader divestiture.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

TAN HOCK E

(Last) (First) (Middle)

C/O BROADCOM INC.

3421 HILLVIEW AVENUE

(Street)

PALO ALTO CA 94304

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Broadcom Inc. [ AVGO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.001 par value	06/23/2025		G		190,000	D	$0	522,836	D
Common Stock, $0.001 par value	06/24/2025		S		40,000	D	$262.173(1)	974,152	I	By Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Transaction executed in multiple trades at prices ranging from $262.09 to $262.24 per share, inclusive. The price reported in column 4 above reflects the weighted average sale price per share. The Reporting Person hereby undertakes to provide the SEC staff, the Issuer or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.

Remarks:

	/s/ Noelle Matteson, Attorney-in-Fact for Hock E. Tan	06/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Broadcom (AVGO) shares did CEO Hock Tan sell on 06/24/2025?

He sold 40,000 shares in an open-market transaction.

What was the average sale price for the 40,000 AVGO shares?

The weighted-average sale price was $262.173 per share.

How many Broadcom shares did Hock Tan gift on 06/23/2025?

Tan gifted 190,000 shares at no stated price.

What is Hock Tan’s total beneficial ownership after these transactions?

He now beneficially owns approximately 1,496,988 shares (522,836 direct and 974,152 indirect).

Was the sale executed under a Rule 10b5-1 trading plan?

The Form 4 does not indicate that the transaction was made under a Rule 10b5-1 plan.