Qualcomm Form 4: Director Jeremy Kolter receives 1,049 deferred units

Rhea-AI Filing Summary

Jeremy Z. Kolter, a Qualcomm director, received 1,049 Deferred Stock Units on 09/02/2025 under the Qualcomm Incorporated 2025 Director Compensation Plan. The units are fully vested on the grant date and will be settled in shares of Qualcomm common stock (or partially in cash if Kolter elects cash settlement within 60 days of the grant). Settlement will occur on the earlier of March 18, 2028, death, disability, or a change in control. If a partial cash election is made, that cash settlement will be reported on a subsequent Form 4 as a disposition to the issuer.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation grant of 1,049 deferred stock units, fully vested and subject to customary settlement events.

This filing documents a typical annual equity grant to a board member under the company's director compensation plan. The units are 100% vested at grant, which means the recipient has no further service-based vesting condition, though settlement timing is delayed until a listed event. The grant structure—settlement in shares or partial cash by election—aligns with common director pay practices and provides deferred equity alignment with shareholders without immediate dilution.

Securities Analyst

TL;DR: Non-derivative award of 1,049 shares recorded; transaction does not indicate purchase price or market sale.

The Form 4 reports an "A" transaction code for acquisition of 1,049 Common Stock units at $0.0 reported price, reflecting a compensatory grant rather than an open-market purchase. Because units are deferred and settled later, there is no immediate change to outstanding shares until settlement. The filing is informational for insider holdings and compliance with Section 16 reporting requirements.

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^*

Kolter Jeremy Z

(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)
09/02/2025

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	09/02/2025		A		1,049(1)	A	$0.0	1,049	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 the grant of Annual Deferred Stock Units to Directors pursuant to the Qualcomm Incorporated 2025 Director Compensation Plan. 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) March 18, 2028 (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: Jeremy Z. Kolter	09/02/2025
	** 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 QCOM director Jeremy Z. Kolter receive on 09/02/2025?

He received 1,049 Deferred Stock Units under the Qualcomm Incorporated 2025 Director Compensation Plan.

Are the Deferred Stock Units vested immediately?

Yes, the Form 4 states the Deferred Stock Units are 100% vested on the grant date.

When will the Deferred Stock Units be settled into shares for QCOM?

Settlement occurs on the earlier of March 18, 2028, death, disability, or a change in control; partial cash election may alter settlement reporting.

Was any purchase price paid for the units reported on the Form 4?

The filing shows a reported price of $0.0, indicating a compensatory grant rather than a paid purchase.

Will a cash election by the director be reported separately?

Yes. If a director elects partial cash settlement, that partial cash settlement will be reported on a subsequent Form 4 as a disposition to the issuer.