Qorvo Insider Purchase and Starboard 7.5M-Share Disclosure (Form 4)

Rhea-AI Filing Summary

Peter A. Feld, a director of Qorvo, Inc. (QRVO), reported an open-market purchase of 2,496 shares of Qorvo common stock on 08/14/2025 at no reported price (transaction code A, reported price $0). Following that purchase, Mr. Feld directly beneficially owned 2,496 shares. In addition, the filing discloses an indirect beneficial ownership of 7,511,526 shares held by Starboard Value LP, for which Mr. Feld is a Managing Member; he disclaims beneficial ownership except to his pecuniary interest.

The Form 4 was signed by an attorney-in-fact on behalf of Mr. Feld on 08/15/2025. The filing shows both a small direct purchase by the director and a large indirect position held by Starboard Value LP, as disclosed in the explanatory note.

Positive

• Director purchase reported of 2,496 shares on 08/14/2025, showing an insider transaction disclosed under Section 16
• Large indirect position disclosed: Starboard Value LP holds 7,511,526 shares, and the managerial relationship is clearly explained

Negative

• None.

Insights

Securities Analyst

TL;DR: Director purchased a small number of shares while an investment manager related entity holds a sizable indirect stake; impact appears limited.

The reported direct purchase of 2,496 shares is a modest insider acquisition and unlikely to materially change ownership or valuation by itself. The disclosure that Starboard Value LP holds 7,511,526 shares is the more significant data point for investors, as it reflects a large indirect position managed by an investment vehicle tied to the reporting person. The explanatory note clarifies the managerial relationship and the reporting person’s pecuniary interest, while expressly disclaiming direct beneficial ownership beyond that interest. For materiality, investors should compare the indirect stake to outstanding shares, which is not provided in this filing.

Corporate Governance Expert

TL;DR: Disclosure aligns with Section 16 rules: a director reports a small direct purchase and properly discloses indirect holdings via an investment manager.

The Form 4 follows required reporting conventions, listing the transaction code and the nature of indirect ownership through Starboard Value LP. The filing includes an appropriate disclaimer of beneficial ownership by the reporting person except for pecuniary interest, which is common when a director is a managing member of an investment manager. There are no derivative transactions or other changes reported. The document is procedural and transparent but does not provide context such as percentage ownership versus total shares outstanding.

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

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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^*

Feld Peter A

(Last) (First) (Middle)

201 E LAS OLAS BOULEVARD, SUITE 1000

(Street)

FORT LAUDERDALE FL 33301

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Qorvo, Inc. [ QRVO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

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, $0.0001 par value	08/14/2025		A		2,496	A	$0	2,496	D
Common Stock, $0.0001 par value								7,511,526	I	By Starboard Value LP(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

Explanation of Responses:

1. 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.

	/s/ Lindsey Cara, Attorney-in-Fact for Peter A. Feld	08/15/2025
	** 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.
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FAQ

What transaction did Peter A. Feld report on Form 4 for QRVO?

The report shows a direct purchase of 2,496 shares of Qorvo common stock on 08/14/2025 (transaction code A).

How many Qorvo shares does Starboard Value LP hold as disclosed?

The filing discloses an indirect beneficial ownership of 7,511,526 shares held by Starboard Value LP.

Does Peter A. Feld claim direct beneficial ownership of the Starboard-held shares?

No; the filing states Mr. Feld, as a Managing Member of Starboard, may be deemed to beneficially own those securities but expressly disclaims beneficial ownership except to the extent of his pecuniary interest.

When was the Form 4 signed and filed?

The signature block shows the form was signed by an attorney-in-fact on behalf of Peter A. Feld on 08/15/2025.

Were any derivative securities reported on this Form 4 for QRVO?

No derivative securities or options were reported; Table II contains no entries.