QCOM Form 3: SVP & Chief Accounting Officer Discloses Equity and Vesting Schedule

Rhea-AI Filing Summary

Patricia Y. Grech filed an initial Form 3 reporting her beneficial ownership in Qualcomm Inc. (QCOM). She is listed as SVP & Chief Accounting Officer and an officer/direct owner. She directly owns 913 shares of common stock and holds restricted stock units that convert one-for-one into common shares: 362.9687 vested 11/20/2025, 2,092.5262 vesting through 11/20/2026, and 2,797.0818 vesting through 11/20/2027. The form is signed by an attorney-in-fact on 08/25/2025.

Positive

• Timely initial disclosure of officer ownership complies with Section 16 reporting requirements
• RSU vesting schedule aligns senior executive incentives with long-term shareholder value
• Clear conversion of RSUs to common stock on a one-for-one basis provides transparency

Negative

• Direct equity holdings are small (913 shares), which may be immaterial relative to company size

Insights

Financial Analyst

TL;DR: Officer filing shows modest direct stock ownership and multi-year RSU vesting schedule aligning compensation with retention.

The filing discloses a small direct holding of 913 shares and a material number of restricted stock units that convert one-for-one into common stock over staggered vesting through 2027. This structure is typical for senior executives and ties compensation to long-term equity performance. The disclosed amounts do not indicate any large immediate market impact.

Corporate Governance Expert

TL;DR: Governance norms followed: timely Section 16 filing and standard RSU vesting schedules for retention and alignment.

The Form 3 is an initial statement that appears complete: role is specified, direct and derivative holdings are separated, and vesting explanations are provided. Vesting occurs in defined tranches which supports executive retention. No governance exceptions, related-party ownership structures, or indirect ownership concerns are disclosed in this filing.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

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1. Name and Address of Reporting Person^*

Grech Patricia Y

(Last) (First) (Middle)

5775 MOREHOUSE DR.

(Street)

SAN DIEGO CA 92121-1714

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/25/2025

3. Issuer Name and Ticker or Trading Symbol
QUALCOMM INC/DE [ QCOM ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & Chief Accounting Officer

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	913	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	11/20/2025(1)	Common Stock	362.9687	(2)	D
Restricted Stock Unit	(3)	11/20/2026(3)	Common Stock	2,092.5262	(2)	D
Restricted Stock Unit	(4)	11/20/2027(4)	Common Stock	2,797.0818	(2)	D

Explanation of Responses:

1. The Restricted Stock Units (and allocable dividend equivalents) vested one-third on November 20, 2023, and the remaining balance vests quarterly thereafter.

2. Each Restricted Stock Unit is the economic equivalent of one share of Qualcomm common stock and converts on a one-for-one basis.

3. The Restricted Stock Units (and allocable dividend equivalents) vested in equal quarterly amounts beginning on February 20, 2024 and ending on November 20, 2026.

4. The Restricted Stock Units (and allocable dividend equivalents) vested in equal quarterly amounts beginning on February 20, 2025 and ending on November 20, 2027.

	By: Jon Russo, Attorney-in-Fact For: Patricia Y. Grech	08/25/2025
	** 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 5 (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

What did Patricia Y. Grech report on her Form 3 for QCOM?

The Form 3 reports 913 shares owned directly and restricted stock units totaling 5,252.5767 RSUs that convert one-for-one into common stock with staggered vesting through 11/20/2027.

What is Patricia Grech's role at Qualcomm as reported?

She is listed as SVP & Chief Accounting Officer and the form indicates she filed as an officer.

When do the restricted stock units vest?

One tranche vests on 11/20/2025; another vests in equal quarterly amounts through 11/20/2026; a third vests in equal quarterly amounts through 11/20/2027.

How many RSUs convert to common stock and at what ratio?

The RSUs total 5,252.5767 units and each RSU converts on a one-for-one basis into Qualcomm common stock.

Who signed the Form 3 and when was it filed?

The form was signed by Jon Russo, Attorney-in-Fact for Patricia Y. Grech and dated 08/25/2025.