Qualcomm Insider Filing: Heather Ace’s pre-planned sale disclosed

Rhea-AI Filing Summary

Qualcomm Inc. (QCOM) Chief Human Resources Officer Heather S. Ace disclosed one transaction on Form 4 dated 08/01/2025. Acting under a Rule 10b5-1 plan adopted 12/11/2024, Ace sold 1,600 common shares at $146.40 per share. No derivative securities were involved.

• Post-sale holdings (direct): 13,196 common shares
• Post-sale holdings (indirect): 21,193 common shares held in a family trust for which Ace and her spouse serve as trustees

The transaction modestly reduces the executive’s indirect position; combined ownership remains at 34,389 shares. No other material events, earnings data or additional insider activity were reported in this filing.

Insights

Securities Analyst

TL;DR: Small pre-planned insider sale, neutral impact.

The disposal represents roughly 7.5% of Ace’s trust holdings and is executed via a disclosed 10b5-1 plan, limiting informational value about future fundamentals. The remaining stake—over 34k shares—keeps the CHRO materially invested. Given the scale relative to Qualcomm’s ~1.1 bn share count, the trade is immaterial and unlikely to influence valuation or sentiment beyond routine insider-trading monitors.

Corporate Governance Expert

TL;DR: Governance safeguards intact; no red flags.

The filing cites a pre-existing 10b5-1 plan, satisfying current SEC safe-harbor guidance and demonstrating policy compliance. Absence of derivative positions and continued significant ownership reduce concerns about misalignment. The move should be viewed as normal liquidity management rather than a negative governance signal.

Insider Trade Summary

Net Seller: 1,600 shares ($234,240)

Net Sell 2 txns

Insider ACE HEATHER S

Role Chief Human Resources Officer

Sold 1,600 shs ($234K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,600	$146.40	$234K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 21,193 shares (Indirect, by Trust); Common Stock — 13,196 shares (Direct)

Footnotes (1)

1. This transaction was made pursuant to a Rule 10b5-1 trading plan adopted on December 11, 2024. Shares held by the reporting person's family trust, for which the reporting person and her spouse are trustees. Members of the reporting person's immediate family are the sole beneficiaries of the trust.

Form 4 Insider Transactions: What Each Field Means →

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^*

ACE HEATHER S

(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 Human Resources Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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	08/01/2025		S(1)		1,600	D	$146.4	21,193	I	by Trust(2)
Common Stock								13,196	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 December 11, 2024.

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

	By: Jon Russo, Attorney-in-Fact For: Heather S. Ace	08/01/2025
	** 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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