LIVERMORE ANN M 4

What Happened Ann M. Livermore, a director of QUALCOMM Inc. (QCOM), had Annual Deferred Stock Units (DSUs) settled on March 8, 2026. The Form 4 reports the conversion/settlement of 2,355 DSUs into 2,355 shares (acquired) at an exercise/conversion price of $0.00. The filing also shows a concurrent disposition of 2,355.199 shares (reported as a derivative disposal) at $0.00.

Key Details

• Transaction date: 2026-03-08; Form 4 filed 2026-03-09 (timely filing).
• Reported amounts: 2,355 shares acquired (conversion of DSUs) and 2,355.199 shares disposed; prices reported as $0.00 (consistent with DSU settlement, not an open-market purchase/sale).
• Footnotes: F1 notes these are the settlement of Annual Deferred Stock Units granted March 8, 2023; F3 clarifies each DSU equals one share; F4 explains DSUs were 100% vested and are settled in shares (and partially in cash if elected) per grant terms; F2 notes certain securities are held by The Livermore 2003 Trust.
• Shares owned after the transaction are not disclosed in the supplied summary of the filing.

Context

• This was a settlement of deferred stock units (not a market buy or directed sale). Reporting $0.00 per share is typical for vested DSU-to-share conversions where no cash exercise price is paid.
• The simultaneous small discrepancy/ disposition (2,355.199 shares) reflects fractional rounding or settlement adjustments common with award settlements; such disposals in DSU settlements are often used to satisfy tax withholding or trust transfer mechanics per plan terms (see footnotes). This transaction should be read as an award settlement rather than a signal of open-market buying or selling.