[Form 4] QUALCOMM INC/DE Insider Trading Activity

Rhea-AI Filing Summary

Christopher D. Young, a director of Qualcomm Inc. (QCOM), was granted 172 Deferred Stock Units (DSUs) on 09/30/2025 that are 100% vested on the grant date. The Form 4 shows the DSUs were issued in lieu of cash retainer fees at a reported price of $0.0 and are recorded as a direct holding.

The DSUs will be settled in shares of Qualcomm common stock (and partially in cash if an election is made within 60 days of the grant) on the earlier of the third anniversary of the grant, death, disability, or a change in control. Any partial cash settlements will be reported on a subsequent Form 4 if applicable.

Positive

• 172 Deferred Stock Units (DSUs) were granted and are 100% vested on the grant date
• DSUs convert to common shares, aligning director compensation with shareholder outcomes
• Grant was recorded as a direct holding by the reporting director

Negative

• The filing shows a reported price of $0.0, indicating a non-cash issuance; cash impact (if any) may occur later if partial cash settlement is elected
• Any partial cash settlements will be reported on a subsequent Form 4, so current cash implications are not fully detailed here

Insights

Corporate Governance Expert

TL;DR: Routine director compensation granted as vested DSUs, aligning pay with shareholders without immediate cash payout.

The filing documents a standard director compensation mechanism: 172 Deferred Stock Units issued in lieu of cash retainer fees and fully vested on grant. These units convert to common shares (or partially cash if elected) upon specified triggering events or at the third anniversary, which is a common long-term alignment structure. There are no indications of accelerated vesting beyond the standard listed triggers and no cash transfer recorded in this filing.

Securities Analyst

TL;DR: Non-cash equity issuance recorded; materiality to investors is minimal and typical for director compensation.

The transaction shows an acquisition of 172 DSUs at a reported price of $0.0 and increases direct beneficial ownership as reported. Because DSUs are settled later and are a common form of non-cash compensation, this filing is routine and unlikely to materially affect share count or financials immediately. Any partial cash settlement elections will be disclosed in future filings if they occur.

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

1. Name and Address of Reporting Person^*

Young Christopher David

(Last) (First) (Middle)

5775 MOREHOUSE DR.

(Street)

SAN DIEGO CA 92121-1714

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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	09/30/2025		A		172(1)	A	$0.0	1,939.0546	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. Represents Deferred Stock Units (DSUs) issued in lieu of payment of cash retainer fees. Deferred Stock Units are 100% vested on the grant date. The units will be settled in shares of the Company's common stock (and partially in cash if election is made within 60 days of the date of grant) in accordance with the grant agreement on the earlier of (1) third anniversary of the date of grant, (2) death, (3) disability, or (4) a change in control. If an election is made to settle the units partially in cash, such partial cash settlement will be reported on a subsequent Form 4 (if applicable) as a disposition to the Issuer on the settlement date.

	By: Jon Russo, Attorney-in-Fact For: Christopher D. Young	10/01/2025
	** 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

What did Christopher D. Young report on Form 4 for QCOM?

He reported acquisition of 172 Deferred Stock Units (DSUs) on 09/30/2025, recorded as a direct holding and 100% vested on grant.

How and when will the DSUs reported for QCOM be settled?

The DSUs will be settled in Qualcomm common stock (and partially in cash if elected within 60 days) on the earlier of the third anniversary of grant, death, disability, or a change in control.

Was there any cash paid for the DSUs in the Form 4 filing for QCOM?

The transaction is reported at a price of $0.0, indicating the DSUs were issued in lieu of cash retainer fees and no cash payment is recorded in this filing.

Will a future Form 4 be filed related to these DSUs for QCOM?

Yes, if an election is made to partially settle in cash the partial cash settlement will be reported on a subsequent Form 4 (if applicable).

What triggers accelerated settlement of the DSUs reported for QCOM?

Settlement occurs on the earlier of the third anniversary of the grant date, death, disability, or a change in control.