Qualcomm CTO exercises RSUs, shares withheld for tax

Qualcomm Inc. reported insider equity transactions by Chief Technology Officer Achour Baaziz.

Rhea-AI Filing Summary

Qualcomm Inc. reported insider equity transactions by Chief Technology Officer Achour Baaziz. On August 20, 2025, he exercised 1,143.1921 Restricted Stock Units, each economically equivalent to one share of Qualcomm common stock on a one-for-one basis. Related entries show common stock held indirectly through a family trust, where he and his spouse serve as trustees and his immediate family are sole beneficiaries. In connection with these events, 396.0000 shares of common stock were withheld at $155.4400 per share to satisfy tax obligations. Following the transactions, the family trust holds 83,795 shares of Qualcomm common stock.

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.

Insider Trade Summary

1,143.1921 shares exercised/converted

Exercise 3 txns

Insider ACHOUR BAAZIZ

Role Chief Technology Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	1,143.1921	$0.00	$0.00
Exercise	Common Stock	1,143	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	396	$155.44	$62K

Holdings After Transaction: Restricted Stock Unit — 1,144.2564 contracts (Direct); Common Stock — 83,795 shares (Indirect, by Trust)

Footnotes (3)

1. F1. 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. F2. Each Restricted Stock Unit is the economic equivalent of one share of Qualcomm common stock and converts on a one-for-one basis.
3. F3. The Restricted Stock Units (and allocable dividend equivalents) vested one-third on November 20, 2023, and the remaining balance vested quarterly thereafter.

Key Figures

RSUs exercised: 1,143.1921 shares Tax withholding shares: 396.0000 shares Tax withholding price: $155.4400 per share +2 more

5 metrics

RSUs exercised 1,143.1921 shares Restricted Stock Units exercised into Qualcomm common stock on August 20, 2025

Tax withholding shares 396.0000 shares Common stock withheld to satisfy tax obligations in connection with equity vesting

Tax withholding price $155.4400 per share Per-share value used for the 396.0000 shares withheld for taxes

Post-transaction trust holdings 83,795 shares Indirect Qualcomm common stock holdings by family trust after reported transactions

RSU vesting schedule November 20, 2023 One-third of the Restricted Stock Units vested on November 20, 2023; remaining balance vested quarterly thereafter

Key Terms

Restricted Stock Unit, tax-withholding disposition, family trust

3 terms

Restricted Stock Unit financial

"Each Restricted Stock Unit is the economic equivalent of one share of Qualcomm common stock"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

tax-withholding disposition financial

"Payment of exercise price or tax liability by delivering securities as a tax-withholding disposition"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

family trust financial

"Shares held by the reporting person's family trust, for which the reporting person and his spouse are trustees"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Qualcomm (QCOM) disclose for CTO Achour Baaziz?

CTO Achour Baaziz exercised 1,143.1921 Restricted Stock Units, which convert one-for-one into Qualcomm common stock, and reported related common stock entries through a family trust and tax-share withholding.

How many RSUs did the Qualcomm (QCOM) CTO convert into common stock?

The CTO converted 1,143.1921 Restricted Stock Units into an equal number of Qualcomm common shares, reflecting a one-for-one economic equivalence between each RSU and a share of common stock.

How many Qualcomm (QCOM) shares were withheld for taxes in this insider transaction?

A total of 396.0000 shares of Qualcomm common stock were withheld at $155.4400 per share to satisfy tax obligations in connection with the equity vesting and related transactions.

What are the Qualcomm (QCOM) CTO's reported indirect holdings after these transactions?

After the reported transactions, a family trust associated with the CTO holds 83,795 shares of Qualcomm common stock, with the CTO and his spouse as trustees and immediate family members as the sole beneficiaries.

How are the Qualcomm (QCOM) CTO's shares held according to the disclosure?

Shares are held by a family trust, for which the CTO and his spouse act as trustees, and members of his immediate family are the sole beneficiaries, reflecting indirect ownership of the Qualcomm common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/21/2025 - 04:27 PM Learn about SEC filing dates

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).

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.