Miller Jamie S 4

What Happened

• Jamie S. Miller, a director of QUALCOMM Inc. (QCOM), had annual Deferred Stock Units (DSUs) settled on March 8, 2026. The filing shows acquisition of 2,355 shares at $0.00 (total $0) resulting from the conversion/settlement of DSUs. A related derivative entry records 2,355.199 DSUs as converted/disposed at $0.00 (derivative conversion).
• This was an award/settlement of previously granted DSUs (not an open-market purchase or sale), so it is routine compensation rather than a cash purchase or stock sale.

Key Details

• Transaction date: 2026-03-08; Form 4 filed: 2026-03-09 (timely filing).
• Reported amounts: 2,355 shares acquired at $0.00; 2,355.199 DSUs listed as converted/disposed at $0.00.
• Total reported cash value for these entries: $0.
• Footnotes: The shares represent settlement of Annual Deferred Stock Units granted March 8, 2023 (F1). Each DSU equals a right to one share (F3). DSUs were 100% vested at grant and are settled in shares (and partially in cash if the original grant election applied) per the grant agreement (F4). The filing also notes securities held jointly with spouse (F2).
• Shares owned after the transaction are not specified in the provided filing.

Context

• These entries reflect conversion/settlement of deferred stock units awarded as compensation, not a purchase or a sale. Such award settlements are common for directors and do not by themselves indicate a buy or sell signal.
• The small fractional difference between the acquired and converted amounts (2,355 vs. 2,355.199) likely reflects fractional-share handling or partial cash settlement permitted by the grant terms, per the footnotes.