AVGO Insider Filing: CFO Kirsten Spears Disposes 56k Shares

Rhea-AI Filing Summary

Form 4 snapshot: On 06/18/2025, Broadcom Inc. (AVGO) Chief Financial Officer & Chief Accounting Officer Kirsten M. Spears sold 56,310 shares of common stock in an open-market transaction coded “S”. The weighted-average sale price was $251.749 per share, implying gross proceeds of roughly $14.2 million.

After the sale, Spears’ direct beneficial ownership stands at 361,937 shares, which includes 138,120 restricted stock units. No derivative security activity was reported, and the filing makes no mention of a Rule 10b5-1 trading plan. The document was signed on 06/23/2025.

This insider transaction reduces the executive’s direct stake by about 13 % but still leaves meaningful equity exposure. Investors may monitor future filings for additional sales or purchases to gauge any evolving sentiment among senior management.

Positive

• Executive still holds 361,937 shares, maintaining alignment with shareholders despite the sale.
• Timely and transparent Form 4 disclosure ensures regulatory compliance and visibility for investors.

Negative

• Sale of 56,310 shares (~$14.2 M) by the CFO may signal reduced confidence or portfolio diversification.
• Transaction reduced the executive’s direct stake by about 13 %, a notable decrease in insider ownership.

Insights

Financial Analyst

TL;DR: ~$14 M sale by AVGO CFO; modestly negative insider signal.

The CFO’s disposition of 56,310 shares represents a sizeable cash realization and trims her holdings to 361,937 shares. Although executives diversify for many reasons, the magnitude (≈13 % of her stake) could be interpreted as a mild bearish indicator. No derivatives were exercised, suggesting the sale was purely for liquidity rather than option-related tax obligations. Investors should watch for follow-on sales or 10b5-1 disclosures to determine whether this is part of a broader trading plan.

Corporate Governance Expert

TL;DR: Large but disclosed sale; ownership remains significant.

The filing is timely and complete, demonstrating compliance with Section 16 reporting. Spears still controls more than 360k shares

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)
06/18/2025

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	06/18/2025		S		56,310	D	$251.749(1)	361,937(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 $251.68 to $251.93 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	06/23/2025
	** 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 CFO Kirsten Spears sell on 06/18/2025?

56,310 shares of Broadcom common stock were sold.

What was the weighted-average sale price disclosed in the Form 4?

The shares were sold at a weighted-average price of $251.749 per share.

What are the estimated gross proceeds from the sale?

Approximately $14.2 million (56,310 × $251.749) in gross proceeds.

How many Broadcom shares does the CFO own after the transaction?

After the sale, Spears beneficially owns 361,937 shares.

Do the post-transaction holdings include restricted stock units?

Yes, the total includes 138,120 restricted stock units (RSUs).