[Form 4] Qualcomm Inc Insider Trading Activity

Rhea-AI Filing Summary

CoreWeave, Inc. (CRWV) – Form 4 insider activity

Chief Development Officer Brannin McBee reported several equity transactions dated 30 June 2025:

• 121,118 Class A shares acquired through the automatic conversion (Code M) of vested restricted stock units (RSUs) at a $0 exercise price. Two tranches settled: 11,738 shares and 109,380 shares.
• 58,387 shares sold (Code F) at $159.99 per share to cover withholding taxes arising from the net-settlement of the RSUs.
• After the above, McBee now holds 121,965 Class A shares directly, plus 61,800 shares indirectly (60,000 via the Canis Major SM Trust and 1,800 held for a minor child).
• McBee continues to own a large pool of unvested equity: 1,707,342 RSUs (176,082 and 1,531,260 units shown in Table II), which vest quarterly in 1/16 increments, aligning future compensation with company performance.

No cash proceeds were received from the share conversions; the only cash transaction was the tax-related sale. There is no indication of discretionary open-market selling. Overall, the filing reflects routine executive vesting and tax withholding rather than a directional view on CoreWeave’s valuation.

Insights

Financial Analyst

TL;DR: Routine RSU vesting; no discretionary sale; insider retains sizable equity stake.

The transactions are standard equity-compensation events. McBee converted 121,118 RSUs into Class A shares and disposed of 58,387 shares solely to satisfy $9.35 million in withholding taxes (58,387 × $159.99). Crucially, the executive’s direct stake still rose by roughly 63,000 shares, boosting alignment with shareholders. The large remaining RSU balance (1.7 million units) underscores continuing equity-based incentives but could represent future dilution when those units settle. Because sales were tax-driven and no open-market disposals occurred, market-signal value is limited. I view the filing as neutral from a valuation standpoint.

Corporate Governance Expert

TL;DR: Filing shows compliance with Section 16 and transparent disclosure of trust and minor-child holdings.

The report cleanly discloses direct, trust and minor-child ownership, satisfying beneficial-ownership rules. Trust structure (Canis Major SM) is irrevocable yet removable, a common estate-planning mechanism. The officer’s retention of >120 k shares after tax sales indicates confidence and minimizes perception of opportunistic selling. Ongoing quarterly vesting provides a predictable cadence, reducing information asymmetry. Impact on governance risk is minimal; classification neutral.

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
Estimated average burden
hours per response:			0.5

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

X

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^*

Palkhiwala Akash J.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2025

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	07/02/2025		S(1)		558	D	$159.4475(2)	49,221	D
Common Stock	07/02/2025		S(1)		428	D	$160.3113(3)	48,793	D
Common Stock	07/02/2025		S(1)		1,089	D	$161.4643(4)	47,704	D
Common Stock	07/02/2025		S(1)		1,258	D	$162.2739(5)	46,446	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. This transaction was made pursuant to a Rule 10b5-1 trading plan adopted on November 26, 2024.

2. The sale prices for this transaction ranged from $158.8750 to $159.82. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

3. The sale prices for this transaction ranged from $159.91 to $160.82. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

4. The sale prices for this transaction ranged from $161.13 to $161.865. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

5. The sale prices for this transaction ranged from $161.91 to $162.7350. The filer hereby agrees to provide, upon request, full information regarding the number of shares sold at each separate price.

	By: Jon Russo, Attorney-in-Fact For: Akash J. Palkhiwala	07/02/2025
	** 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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