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[SCHEDULE 13D/A] Qorvo, Inc. Amended Major Shareholder Report

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Starboard Value and affiliated funds have amended their Schedule 13D on Qorvo, Inc., reporting beneficial ownership of 5,611,526 shares of common stock, or 6.4% of the company. This percentage is based on 88,013,673 shares outstanding as of May 1, 2026, as disclosed in Qorvo's recent annual report. The holdings are spread across multiple Starboard vehicles, largely acquired in open-market purchases funded with working capital, which may include margin loans. One director, Peter A. Feld, also holds 2,496 shares granted in his capacity as a Qorvo director.

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Insights

Starboard reports a 6.4% Qorvo stake across multiple funds.

Starboard Value and its affiliates disclose ownership of 5,611,526 Qorvo shares, representing 6.4% of the common stock based on 88,013,673 shares outstanding as of May 1, 2026. The stake is held through several Starboard funds and related entities.

The filing notes that most shares were acquired via open-market purchases using working capital, which can include margin loans from brokerage firms. Individual vehicle purchase costs range from about $13.2M to $170.2M, indicating sizable, diversified exposure to Qorvo within the Starboard complex.

Because this is an Amendment No. 5 to an existing Schedule 13D, it refines ownership and transaction details rather than establishing a brand-new position. Future company filings and any additional amendments may provide more color on changes in ownership or engagement, but timing is not specified here.

Starboard beneficial ownership 5,611,526 shares Aggregate shares beneficially owned by certain Starboard reporting persons
Ownership percentage 6.4% Percent of Qorvo common stock beneficially owned by reporting persons
Shares outstanding 88,013,673 shares Qorvo shares outstanding as of May 1, 2026, from Form 10-K
Starboard V&O Master Fund stake 2,424,637 shares Beneficially owned by Starboard Value & Opportunity Master Fund Ltd
Starboard V&O Master Fund cost $170,183,649 Aggregate purchase price for 2,424,637 shares, excluding commissions
Starboard G Fund stake 1,191,067 shares Beneficially owned by Starboard G Fund, L.P.
Starboard G Fund cost $86,057,316 Aggregate purchase price for 1,191,067 shares, excluding commissions
Director Feld direct grant 2,496 shares Shares granted to Peter A. Feld as a Qorvo director
Schedule 13D regulatory
"The percentages used in this are based upon 88,013,673 Shares outstanding"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
beneficially owned financial
"See rows (11) and (13) of the cover pages for the aggregate number of Shares and percentage of the Shares beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting power financial
"Number of Shares Beneficially Owned by Each Reporting Person With: 7 | Sole Voting Power 5,611,526.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive power financial
"Number of Shares Beneficially Owned by Each Reporting Person With: 9 | Sole Dispositive Power 5,611,526.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
working capital financial
"were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms)"
Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.
margin loans financial
"include margin loans made by brokerage firms in the ordinary course of business"
Margin loans are loans from a brokerage that let an investor borrow money using their existing stocks, bonds or cash as collateral to buy more securities. They matter because borrowing magnifies both gains and losses—like using a lever to move a heavier load—so small market moves can have outsized effects on your returns; investors also pay interest and risk a margin call, where the broker may force sales if collateral falls below required levels.
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74736K101

(CUSIP Number)
JEFFREY C. SMITH
STARBOARD VALUE LP, 777 Third Avenue, 18th Floor
New York, NY, 10017
212-845-7977


ANDREW FREEDMAN, ESQ.
OLSHAN FROME WOLOSKY LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300


MEAGAN REDA, ESQ.
OLSHAN FROME WOLOSKY LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
06/02/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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Starboard Value LP
Signature:/s/ Lindsey Cara
Name/Title:Lindsey Cara, Authorized Signatory of Starboard Value GP LLC, its general partner
Date:06/02/2026
STARBOARD VALUE & OPPORTUNITY MASTER FUND LTD
Signature:/s/ Lindsey Cara
Name/Title:Lindsey Cara, Authorized Signatory of Starboard Value LP, its investment manager
Date:06/02/2026
STARBOARD VALUE & OPPORTUNITY S LLC
Signature:/s/ Lindsey Cara
Name/Title:Lindsey Cara, Authorized Signatory of Starboard Value LP, its manager
Date:06/02/2026
Starboard Value & Opportunity Master Fund L LP
Signature:/s/ Lindsey Cara
Name/Title:Lindsey Cara, Authorized Signatory of Starboard Value L LP, its general partner
Date:06/02/2026
Starboard Value L LP
Signature:/s/ Lindsey Cara
Name/Title:Lindsey Cara, Authorized Signatory of Starboard Value R GP LLC, its general partner
Date:06/02/2026
Starboard Value R GP LLC
Signature:/s/ Lindsey Cara
Name/Title:Lindsey Cara, Authorized Signatory
Date:06/02/2026
Starboard X Master Fund Ltd
Signature:/s/ Lindsey Cara
Name/Title:Lindsey Cara, Authorized Signatory of Starboard Value LP, its investment manager
Date:06/02/2026
Starboard G Fund, L.P.
Signature:/s/ Lindsey Cara
Name/Title:Lindsey Cara, Authorized Signatory for Starboard Value G GP, LLC, its general partner
Date:06/02/2026
Starboard Value G GP, LLC
Signature:/s/ Lindsey Cara
Name/Title:Lindsey Cara, Authorized Signatory for Starboard Value A LP, its general partner
Date:06/02/2026
Starboard Value A LP
Signature:/s/ Lindsey Cara
Name/Title:Lindsey Cara, Authorized Signatory for Starboard Value A GP LLC, its general partner
Date:06/02/2026
Starboard Value A GP LLC
Signature:/s/ Lindsey Cara
Name/Title:Lindsey Cara, Authorized Signatory
Date:06/02/2026
Starboard Value GP LLC
Signature:/s/ Lindsey Cara
Name/Title:Lindsey Cara, Authorized Signatory of Starboard Principal Co LP, its member
Date:06/02/2026
Starboard Principal Co LP
Signature:/s/ Lindsey Cara
Name/Title:Lindsey Cara, Authorized Signatory of Starboard Principal Co GP LLC, its general partner
Date:06/02/2026
Starboard Principal Co GP LLC
Signature:/s/ Lindsey Cara
Name/Title:Lindsey Cara, Authorized Signatory
Date:06/02/2026
Smith Jeffrey C
Signature:/s/ Lindsey Cara
Name/Title:Lindsey Cara, Attorney-in-Fact for Jeffrey C. Smith
Date:06/02/2026
Feld Peter A
Signature:/s/ Lindsey Cara
Name/Title:Lindsey Cara, Attorney-in-Fact for Peter A. Feld
Date:06/02/2026

FAQ

How much of Qorvo (QRVO) does Starboard Value report owning in this Schedule 13D/A?

Starboard Value and its affiliates report beneficial ownership of 5,611,526 Qorvo shares, representing 6.4% of the common stock. This percentage is calculated using 88,013,673 shares outstanding as of May 1, 2026, as disclosed in Qorvo’s latest annual report.

Which Starboard entities hold Qorvo shares according to this amended 13D filing?

Qorvo shares are held across multiple Starboard entities, including Starboard Value & Opportunity Master Fund Ltd, Starboard Value & Opportunity S LLC, Starboard L Master, Starboard X Master, and Starboard G Fund, L.P., as well as an account managed by Starboard Value LP.

What is the share count and ownership percentage reported for Qorvo outstanding stock?

The filing states that ownership percentages are based on 88,013,673 Qorvo shares outstanding as of May 1, 2026. This figure comes from Qorvo’s Annual Report on Form 10-K, which the reporting persons use to calculate their 6.4% beneficial ownership figure.

How were Starboard’s Qorvo shares acquired and how were they financed?

The filing explains that Starboard’s Qorvo shares were generally acquired in open market purchases using working capital. That working capital may include margin loans from brokerage firms made in the ordinary course of business, highlighting typical hedge fund financing practices for equity positions.

What are the approximate purchase costs of key Starboard Qorvo positions?

Starboard cites aggregate purchase prices such as about $170.2 million for 2,424,637 shares in Starboard Value & Opportunity Master Fund and about $86.1 million for 1,191,067 shares in Starboard G Fund, L.P. Other vehicles report purchase costs between roughly $13.2 million and $58.1 million.

Does any individual director hold Qorvo shares in this Schedule 13D/A group?

Yes. The filing notes that Peter A. Feld directly beneficially owns 2,496 Qorvo shares. These shares were granted to him in his capacity as a director of Qorvo, separate from the larger positions held by Starboard-managed funds and accounts.