QCOM Form 4: Jean-Pascal Tricoire Granted 202 DSUs

Rhea-AI Filing Summary

Jean-Pascal Tricoire, a director of Qualcomm Inc. (QCOM), received deferred stock units (DSUs) on 09/30/2025 in lieu of a cash retainer. The Form 4 reports an acquisition coded as A for 202 deferred stock units at an effective price of $0.0, with total beneficial ownership reported as 8,785.3731 shares following the transaction. The filing states the DSUs are 100% vested on the grant date and will be settled in shares on the earlier of separation from service, death, disability, or a change in control. The form was signed on behalf of the reporting person on 10/01/2025.

Positive

• Director compensation issued as equity (DSUs) aligns management with shareholder interests
• DSUs are 100% vested on grant, removing future vesting uncertainty for the reporting person
• Clear settlement terms defined: separation, death, disability, or change in control

Negative

• None.

Insights

Financial Analyst

Routine director compensation in equity form; modest impact on outstanding shares.

This Form 4 documents a non-cash compensation event: 202 deferred stock units issued to a director and fully vested on grant. The DSUs convert into common shares upon specified triggering events, meaning no immediate dilution to public float until settlement occurs. The reported post-transaction beneficial ownership of 8,785.3731 shares provides context but does not indicate a material change in ownership percentage for a company of Qualcomm's scale. From an investor perspective, this is a standard governance practice to align directors with shareholder interests.

Corporate Governance Expert

Standard equity-based director compensation with clear settlement conditions; governance-aligned but not problematically large.

The disclosure clarifies that DSUs replace cash retainer fees and vest immediately, which simplifies reporting and avoids future vesting contingencies. Settlement triggers (separation, death, disability, change in control) are typical and disclose when shares will be issued. The filing is complete in describing the nature of the DSUs and contains an attorney-in-fact signature, meeting Form 4 formalities. There is no indication of related-party conflicts or expedited insider selling from the provided data.

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

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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^*

TRICOIRE JEAN-PASCAL

(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		202(1)	A	$0.0	8,785.3731	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 in accordance with the grant agreement on the earlier of (1) separation from service, (2) death, (3) disability, or (4) a change in control.

	By: Jon Russo, Attorney-in-Fact For: Jean Pascal Tricoire	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 Jean-Pascal Tricoire report on the QCOM Form 4?

The Form 4 reports the acquisition of 202 deferred stock units (DSUs) on 09/30/2025 and post-transaction beneficial ownership of 8,785.3731 shares.

Were the DSUs vested or subject to future vesting?

The filing states the DSUs are 100% vested on the grant date.

When will the DSUs be settled into shares?

DSUs will be settled in shares on the earlier of separation from service, death, disability, or a change in control as stated in the grant agreement.

Did the transaction involve any cash payment?

The transaction price is reported as $0.0, indicating the DSUs were issued in lieu of cash retainer fees.

Who signed the Form 4 and when?

The Form 4 was signed by Jon Russo, Attorney-in-Fact for Jean-Pascal Tricoire on 10/01/2025.