Qualcomm insider filing: 1,143 RSUs vested; 396 shares sold at $155.44

Rhea-AI Filing Summary

Achour Baaziz, Chief Technology Officer at Qualcomm Inc. (QCOM), reported insider transactions on 08/20/2025 affecting both non-derivative shares and restricted stock units. The filing shows an acquisition of 1,143 common shares (code M) at $0.00 and a sale of 396 common shares (code F) at $155.44. After these transactions, the reporting person beneficially owns 84,191 shares indirectly through a family trust, and 83,795 shares after the sale noted in Table I. Table II records 1,143.1921 restricted stock units that converted one-for-one into common stock and remain recorded as derivative holdings. The trust is managed by the reporting person and spouse as trustees for immediate family beneficiaries. The filing was signed by an attorney-in-fact on 08/21/2025.

Positive

• Vested restricted stock units recorded, showing executive equity compensation converting to common shares (1,143.1921 RSUs).
• Clear disclosure of indirect ownership via a family trust with trustees identified, supporting transparency.

Negative

• Sale of 396 shares at $155.44 reduced reported holdings (though amount appears modest relative to total ownership).

Insights

Securities Analyst

TL;DR: Routine insider vesting and a small open-market sale; ownership remains concentrated via a family trust.

The Form 4 documents standard equity compensation activity: vested restricted stock units converted into common shares and a modest sale of 396 shares at $155.44. The acquisition amount reported at $0.00 for the M code reflects conversion/vesting rather than a market purchase. Beneficial ownership stays largely indirect through a family trust holding 84,191 shares, which is material to understanding insider alignment but not a company-level financial metric. This filing is informational and appears routine rather than signaling a change in company fundamentals.

Corporate Governance Expert

TL;DR: Timely, properly disclosed trustee-held ownership and executive RSU vesting; no governance red flags in the filing.

The report discloses that the reporting person and spouse are trustees of a family trust that holds the executive's shares, and the trust's beneficiaries are immediate family members. The disclosure of both the vesting (Table II) and the sale (Table I) follows Section 16 reporting conventions. There are no indications of undisclosed related-party transfers or late filing issues in the text provided. Documentation of an attorney-in-fact signature is included, which is common practice for Form 4 filings.

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
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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).

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^*

ACHOUR BAAZIZ

(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)
	Chief Technology Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

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	08/20/2025		M		1,143	A	$0.0	84,191	I	by Trust(1)
Common Stock	08/20/2025		F		396	D	$155.44	83,795	I	by Trust(1)

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
Restricted Stock Unit	(2)	08/20/2025		M			1,143.1921	(3)	11/20/2025(3)	Common Stock	1,143.1921	$0.0	1,144.2564	D

Explanation of Responses:

1. Shares held by the reporting person's family trust, for which the reporting person and his spouse are trustees. Members of the reporting person's immediate family are the sole beneficiaries of the trust.

2. Each Restricted Stock Unit is the economic equivalent of one share of Qualcomm common stock and converts on a one-for-one basis.

3. The Restricted Stock Units (and allocable dividend equivalents) vested one-third on November 20, 2023, and the remaining balance vested quarterly thereafter.

	By: Jon Russo, Attorney-in-Fact For: Baaziz Achour	08/21/2025
	** 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 insider transactions did QCOM CTO Achour Baaziz report on 08/20/2025?

He reported an acquisition of 1,143 common shares (conversion/vesting) and a sale of 396 shares at $155.44 on 08/20/2025.

How many Qualcomm shares does Achour Baaziz beneficially own after these transactions?

He is reported to beneficially own 84,191 shares indirectly through a family trust following the reported transactions.

What is the nature of the indirect ownership reported by Achour Baaziz?

Shares are held by a family trust for which the reporting person and his spouse are trustees and immediate family members are sole beneficiaries.

Did the Form 4 disclose restricted stock unit vesting details?

Yes. It shows 1,143.1921 RSUs that convert one-for-one to common stock and notes prior vesting events including one-third on November 20, 2023, with the remainder vesting quarterly.

Who signed the Form 4 filing for Achour Baaziz?

Jon Russo, Attorney-in-Fact, signed the Form 4 on behalf of Achour Baaziz on 08/21/2025.