Qorvo Insider Notice: 2,664 Shares Proposed Sale; May Sales Reported
Rhea-AI Filing Summary
Form 144 notice for Qorvo, Inc. (QRVO): An affiliate intends to sell common shares through Fidelity Brokerage. The notice lists a proposed sale of 2,664 shares on 08/15/2025 with an aggregate market value of $239,999.76 and shows the company has 92,654,264 shares outstanding. The filer acquired the securities via restricted stock vesting on 05/15/2025 (164 shares), 08/05/2025 (2,143 shares) and 08/13/2025 (357 shares), each as compensation. The filing also reports two recent sales by Philip Chesley: 5,371 shares on 05/15/2025 for $421,623.50 and 6,004 shares on 05/16/2025 for $471,253.96.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider plans a modest sale of vested shares; recent nearby sales were larger in aggregate but represent a small fraction of outstanding stock.
The filing discloses a proposed sale of 2,664 common shares via Fidelity with an indicated market value of $239,999.76. Acquisition details show these shares arose from standard restricted stock vesting and were paid as compensation. Reported prior sales on 05/15/2025 and 05/16/2025 totaled 11,375 shares for gross proceeds of $892,877.46. Relative to the issuer's 92.65 million shares outstanding, these transactions appear small in proportion and are routine insider liquidity events rather than corporate actions that change capitalization.
TL;DR: Filing documents routine insider disposals tied to vested compensation; disclosure meets Rule 144 notice requirements.
The notice identifies the relationship to the issuer implicitly via restricted stock vesting and includes the signed representation about material nonpublic information. Dates of vesting and sale are provided, and trades are routed through a named broker. There is no indication in the filing of any trading plan adoption date or reliance on Rule 10b5-1 within the remarks section. From a governance perspective, the submission appears procedural and consistent with required insider reporting.