Starboard Value trims Qorvo (QRVO) stake with 1.9M-share open-market sale

Rhea-AI Filing Summary

Qorvo director-affiliated entity reports large share sales. On June 2, 2026, investment vehicles managed by Starboard Value LP, with which director Peter A. Feld is associated, sold a total of 1,900,000 shares of Qorvo common stock in open-market transactions at prices around $100–$103 per share. Feld also reports direct ownership of 2,496 shares of Qorvo common stock. A footnote explains that the shares are held in Starboard-managed accounts, and Feld disclaims beneficial ownership except to the extent of his pecuniary interest.

Insights

Equity markets analyst

Starboard-managed accounts sold 1.9M Qorvo shares tied to director Feld.

The filing shows entities managed by Starboard Value LP executing open-market sales totaling 1,900,000 Qorvo shares on June 2, 2026, at per-share prices a little above $100. These are discretionary sales (code S), not option exercises or tax events.

Because the transactions occur through Starboard-managed accounts and director Peter A. Feld expressly disclaims beneficial ownership beyond his pecuniary interest, the activity reflects portfolio decisions by an activist investment manager rather than personal trading. The filing also shows Feld holding 2,496 shares directly, with no derivatives reported.

The net effect is a 1.9M-share reduction in Starboard-managed positions, while millions of shares remain indirectly reported. The filing does not quantify these sales as a percentage of Qorvo’s total shares, so the broader impact on ownership structure must be evaluated against future company disclosures.

Insider Trade Summary

Net Seller: 1,900,000 shares ($192,286,963)

Net Sell 3 txns

Insider Feld Peter A

Role null

Sold 1,900,000 shs ($192.29M)

Type	Security	Shares	Price	Value
Sale	Common Stock, $0.0001 par value	1,328,094	$100.254	$133.15M
Sale	Common Stock, $0.0001 par value	571,906	$103.409	$59.14M
holding	Common Stock, $0.0001 par value	--	--	--

Holdings After Transaction: Common Stock, $0.0001 par value — 6,183,432 shares (Indirect, By Starboard Value LP); Common Stock, $0.0001 par value — 2,496 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

First sale size: 571,906 shares First sale price: $103.409 per share Second sale size: 1,328,094 shares +3 more

6 metrics

First sale size 571,906 shares Open-market sale on June 2, 2026

First sale price $103.409 per share Open-market sale on June 2, 2026

Second sale size 1,328,094 shares Open-market sale on June 2, 2026

Second sale price $100.254 per share Open-market sale on June 2, 2026

Total shares sold 1,900,000 shares Aggregate open-market sales by Starboard-managed accounts

Direct holding after transaction 2,496 shares Direct Qorvo common stock held by Peter A. Feld

Key Terms

open-market sale, beneficially own, pecuniary interest, Section 16 of the Securities Exchange Act of 1934, +1 more

5 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

beneficially own financial

"which hold the securities reported herein and as such may be deemed to beneficially own such securities"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

pecuniary interest financial

"expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein"

Section 16 of the Securities Exchange Act of 1934 regulatory

"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"

A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.

indirect ownership financial

"direct_or_indirect": "I","nature_of_ownership": "By Starboard Value LP""

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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).

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 FLORIDA 33301

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/02/2026		S		1,328,094	D	$100.254	6,183,432	I	By Starboard Value LP(1)
Common Stock, $0.0001 par value	06/02/2026		S		571,906	D	$103.409	5,611,526	I	By Starboard Value LP(1)
Common Stock, $0.0001 par value								2,496	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. 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	06/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider activity did Qorvo (QRVO) report in this Form 4?

Qorvo reported that accounts managed by Starboard Value LP executed open-market sales totaling 1,900,000 shares of Qorvo common stock on June 2, 2026. These transactions are tied to director Peter A. Feld through his role at Starboard.

At what prices were the Qorvo (QRVO) shares sold by the Starboard accounts?

The Starboard-managed accounts sold Qorvo common stock at per-share prices of about $103.409 for 571,906 shares and $100.254 for 1,328,094 shares. Both transactions were classified as open-market or private sales under code S.

How many Qorvo (QRVO) shares were sold in total in this insider filing?

The Form 4 shows total open-market sales of 1,900,000 Qorvo shares by Starboard-managed accounts on June 2, 2026. This total comes from two separate sale entries of 571,906 and 1,328,094 shares reported as non-derivative transactions.

What direct Qorvo (QRVO) holdings does Peter A. Feld report after these transactions?

Peter A. Feld reports direct ownership of 2,496 shares of Qorvo common stock following the transactions. Separate from this, additional Qorvo shares are held indirectly through Starboard-managed accounts, for which Feld’s reported interest is limited to his pecuniary stake.

Who actually holds the Qorvo (QRVO) shares sold, according to the Form 4 footnote?

The footnote states that the sold securities are held in Starboard Accounts managed by Starboard Value LP. Starboard may be deemed to beneficially own these shares, and Feld, as a managing member, may also be deemed a beneficial owner for Section 16 purposes, subject to his pecuniary interest.

Does Peter A. Feld claim full beneficial ownership of the Qorvo (QRVO) shares in the Starboard accounts?

No. The filing specifies that Feld "expressly disclaims beneficial ownership" of the Qorvo securities held by the Starboard Accounts, except to the extent of his pecuniary interest. This limits his personal economic claim on those indirectly held shares.