Director Peter Feld discloses 7,511,526 QRVO shares held by Starboard
Rhea-AI Filing Summary
Peter A. Feld, a director of Qorvo, Inc. (QRVO), disclosed indirect beneficial ownership of 7,511,526 shares of Qorvo common stock through Starboard Value LP. The filing identifies Starboard Value LP as the manager of accounts that hold the reported securities and states Mr. Feld may be deemed to beneficially own those shares solely by virtue of his role as a managing member of Starboard. The filing expressly disclaims any beneficial ownership beyond his pecuniary interest in the securities held by the Starboard-managed accounts.
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Insights
TL;DR: Routine Section 16 initial ownership disclosure showing a director's indirect stake via an investment manager.
The Form 3 documents an initial beneficial ownership report for a director, indicating governance transparency consistent with Section 16 requirements. The disclosure attributes 7,511,526 shares to accounts managed by Starboard Value LP and clarifies the reporting persons role as a managing member. This is a standard, non-transactional filing that aligns with disclosure obligations and clarifies potential pecuniary interests; it does not itself indicate any change in control or immediate corporate action.
TL;DR: A declarative ownership filing noting a sizeable indirect position but no derivative holdings or transactions reported.
The filing reports only non-derivative common stock holdings and lists no derivative securities. It identifies the ownership as indirect via Starboard Value LP accounts and includes an explicit disclaimer limiting the reporting persons beneficial ownership to pecuniary interest. For investors, the filing provides clarity on ownership structure but contains no transactional details or financial metrics to imply immediate market impact.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock, $0.0001 par value | -- | -- | -- |
Footnotes (1)
- F1. Starboard Value LP ("Starboard") serves as the investment manager or manager of certain managed accounts and private investment funds (collectively, the "Starboard Accounts"), which hold the securities reported herein and as such may be deemed to beneficially own such securities. The Reporting Person, as a Managing Member of Starboard, may be deemed to beneficially own the securities directly held by the Starboard Accounts for purposes of Section 16 of the Securities Exchange Act of 1934, as amended. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
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