Qualcomm (QCOM) director settles deferred stock units into shares

Rhea-AI Filing Summary

QUALCOMM director Ann M. Livermore reported the settlement of deferred stock units into common shares. On March 8, 2026, 2,355.1987 Deferred Stock Units were exercised or converted, leaving 1,683.1728 Deferred Stock Units outstanding.

Each Deferred Stock Unit represents the right to receive one share of QUALCOMM common stock. Following the settlement, 37,129 shares of common stock are held indirectly by The Livermore 2003 Trust, and 2,130.6901 shares are held directly. The footnotes state these units were Annual Deferred Stock Units granted on March 8, 2023 that vest on the grant date and are settled in accordance with the grant agreement upon specified events.

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).

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^*

LIVERMORE ANN M

(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	37,129	I	by Trust(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 by The Livermore 2003 Trust.

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: Ann M. Livermore	03/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did QUALCOMM (QCOM) director Ann M. Livermore report in this Form 4?

Ann M. Livermore reported the settlement of Deferred Stock Units into QUALCOMM common shares. She exercised or converted 2,355.1987 Deferred Stock Units granted in 2023, which each represent the right to receive one share of QUALCOMM common stock under the company’s deferred compensation program.

How many QUALCOMM shares are held by The Livermore 2003 Trust after this filing?

After the reported transactions, The Livermore 2003 Trust holds 37,129 shares of QUALCOMM common stock. These shares are reported as indirectly owned by Ann M. Livermore, reflecting trust ownership rather than direct personal holdings, as disclosed in the ownership details of the Form 4 filing.

What are QUALCOMM Annual Deferred Stock Units mentioned in Livermore’s Form 4?

The Annual Deferred Stock Units are equity awards that are 100% vested on the grant date. Each unit represents a right to receive one share of QUALCOMM common stock, with settlement occurring under the grant agreement upon specific events such as the third anniversary, death, disability, or a change in control.

When were Ann M. Livermore’s reported Deferred Stock Units originally granted by QUALCOMM (QCOM)?

The Deferred Stock Units settled in this Form 4 were granted on March 8, 2023. They are described as Annual Deferred Stock Units, fully vested at grant, with settlement into QUALCOMM common stock governed by the terms and timing conditions defined in the applicable grant agreement.

How many Deferred Stock Units does Ann M. Livermore hold after the QUALCOMM transaction?

Following the reported exercise or conversion, Ann M. Livermore holds 1,683.1728 Deferred Stock Units. These remaining units continue to represent rights to receive QUALCOMM common shares, subject to settlement timing and conditions detailed in the deferred stock unit grant agreement described in the filing’s footnotes.

How many QUALCOMM shares does Ann M. Livermore directly own after this Form 4?

After the transactions, Ann M. Livermore directly owns 2,130.6901 shares of QUALCOMM common stock. This direct ownership is separate from the 37,129 shares held indirectly through The Livermore 2003 Trust, as outlined in the ownership sections of the Form 4 filing.