Deferred stock units convert to shares for QUALCOMM INC/DE (QCOM) director

Rhea-AI Filing Summary

QUALCOMM INC/DE director Jamie S. Miller settled previously granted deferred stock units into common stock through a derivative exercise. On March 8, 2026, 2,355.1987 deferred stock units converted into 2,355 shares of common stock, with those shares held indirectly in a joint account with a spouse.

Following these transactions, Miller holds 1,683.1728 deferred stock units directly, 2,130.6901 shares of common stock directly, and 8,373 shares of common stock indirectly through the joint account. Each deferred stock unit represents the right to receive one share of Qualcomm common stock under the company’s deferred stock unit program.

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

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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).

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^*

Miller Jamie S

(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)
03/08/2026

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	03/08/2026		M(1)		2,355	A	$0.0	8,373	I	by Joint Account(2)
Common Stock								2,130.6901	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
Deferred Stock Unit	(3)	03/08/2026		M			2,355.1987	(4)	(4)	Common Stock	2,355.1987	$0.0	1,683.1728	D

Explanation of Responses:

1. Represents the settlement of Annual Deferred Stock Units granted to the recipient on March 8, 2023.

2. Securities held jointly with spouse.

3. Each Deferred Stock Unit represents a right to receive one share of the Company's common stock.

4. 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.

	By: Jon Russo, Attorney-in-Fact For: Jamie S. Miller	03/09/2026
	** 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 insider transaction did QUALCOMM (QCOM) director Jamie S. Miller report?

Jamie S. Miller reported the settlement of deferred stock units into Qualcomm common shares. On March 8, 2026, 2,355.1987 deferred stock units were exercised and converted into 2,355 shares of common stock as part of the company’s director compensation program.

How many Qualcomm shares did Jamie S. Miller acquire in the latest Form 4?

Miller acquired 2,355 shares of Qualcomm common stock through a deferred stock unit conversion. These shares came from 2,355.1987 deferred stock units that were settled into stock, reflecting a non-cash derivative exercise rather than an open-market purchase.

How many Qualcomm deferred stock units does Jamie S. Miller still hold after the transaction?

After the settlement, Miller holds 1,683.1728 Qualcomm deferred stock units directly. Each deferred stock unit represents the right to receive one share of Qualcomm common stock, according to the terms of the company’s deferred stock unit plan for directors.

How are Jamie S. Miller’s Qualcomm shares held after the reported Form 4 transactions?

Miller holds Qualcomm shares both directly and indirectly. The filing shows 2,130.6901 shares of common stock held directly and 8,373 shares held indirectly through a joint account with a spouse, in addition to 1,683.1728 remaining deferred stock units.

What do Qualcomm deferred stock units reported by Jamie S. Miller represent?

Each Qualcomm deferred stock unit represents a right to receive one share of common stock. The units are 100% vested on the grant date and are settled in shares, and partially in cash if elected, according to the grant agreement’s specified settlement events.

Were Jamie S. Miller’s Qualcomm transactions open-market buys or sales?

The reported Qualcomm transactions were derivative exercises, not open-market trades. The Form 4 uses code “M” for exercise or conversion of derivative securities, reflecting settlement of deferred stock units into common shares at a stated price of $0.0000 per share.