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  4. [Form 4] Broadcom Inc. Insider Trading Activity

AVGO Finance Chief Offloads 36k Shares Worth $9.5M

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Broadcom (NASDAQ:AVGO) filed a Form 4 disclosing that CFO & Chief Accounting Officer Kirsten M. Spears sold 36,350 common shares on 06/24/2025 at a weighted-average price of $261.27, generating roughly $9.5 million in proceeds.

Following the sale, Spears still beneficially owns 325,587 shares, including 138,120 restricted stock units. The transaction represents ≈10% of her prior direct holdings. No derivative transactions were reported and no accompanying 10b5-1 plan was indicated.

Positive

  • None.

Negative

  • CFO & Chief Accounting Officer sold 36,350 shares (~10% of her direct stake) for about $9.5 million without a disclosed 10b5-1 plan, potentially signaling reduced insider confidence.

Insights

TL;DR: CFO sells ~$9.5 M, ≈10% stake—watch but not panic

The magnitude (>$1 M, 10% of holdings) makes this insider sale noteworthy. While executives routinely diversify, timing amid no other filings may raise eyebrows. Continued sizeable sales or cluster activity from other insiders would be more concerning. Current float impact is minimal (<0.01% of shares outstanding), so price pressure should be limited, but sentiment could soften near-term.

TL;DR: Large discretionary sale, no 10b5-1 shield—signals insider caution

Absence of a disclosed Rule 10b5-1 plan suggests discretionary timing, increasing perceived informational asymmetry. CFOs are finance gatekeepers; their selling often carries heavier weight than other officers. Investors should monitor upcoming earnings and any shifts in guidance for confirmation. One-off sale does not imply wrongdoing, but governance best practice favors transparent, pre-planned trades.

Insider Spears Kirsten M.
Role CFO & Chief Accounting Officer
Sold 36,350 shs ($9.50M)
Type Security Shares Price Value
Sale Common Stock, $0.001 par value 36,350 $261.269 $9.50M
Holdings After Transaction: Common Stock, $0.001 par value — 325,587 shares (Direct)
Footnotes (1)
  1. Transaction executed in multiple trades at prices ranging from $260.95 to $261.63 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. Includes 138,120 restricted stock units.
Form 4 Insider Transactions: What Each Field Means →
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*
Spears Kirsten M.
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
CFO & Chief Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025
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 06/24/2025 S 36,350 D $261.269(1) 325,587(2) D
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 $260.95 to $261.63 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.
2. Includes 138,120 restricted stock units.
Remarks:
/s/ Noelle Matteson, Attorney-In-Fact for Kirsten Spears 06/26/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many Broadcom (AVGO) shares did the CFO sell on June 24 2025?

Kirsten Spears sold 36,350 common shares at a weighted-average price of $261.27.

What percentage of the CFO's holdings were sold in the latest AVGO Form 4?

The sale represents approximately 10% of her pre-transaction direct holdings.

How many AVGO shares does the CFO still own after the June 24 2025 sale?

Following the transaction, Spears beneficially owns 325,587 shares, including 138,120 RSUs.

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

No 10b5-1 plan checkbox was marked; the filing indicates a discretionary sale.

What was the total dollar value of the CFO's AVGO share sale?

At the reported weighted-average price, the sale was worth roughly $9.5 million.