SAMUELI HENRY 4

What Happened
Henry Samueli (Director) disposed of a total of 781,967 Broadcom (AVGO) shares in open-market sales on March 25, 2026, generating approximately $250.0 million in proceeds. The sales were executed in multiple blocks at weighted-average prices in the $316.76–$324.13 range (per filing footnotes). In addition, Samueli made gifts of 422,320 shares the same day (gifts report $0 proceeds).

Key Details

• Transaction date: March 25, 2026; Form 4 filed March 27, 2026 (timely filing).
• Sales: 781,967 shares sold across multiple tranches; aggregate proceeds ≈ $250,000,303.
• Prices: weighted-average price ranges reported across tranches from about $316.76 to $324.13 (see footnotes F10–F17 for per-block ranges).
• Gifts: 422,320 shares reported as gifts (no proceeds). Gifts do not necessarily indicate market sentiment.
• Plan/authorization: Sales effected under a Rule 10b5-1 trading plan adopted December 16, 2025 (footnote F1).
• Holdings notes: filing references specific holdings structures and disclaimers (footnotes F18–F22; F18 notes 1,602 RSUs included).
• Shares owned after transaction: not specified in the provided excerpt of the filing.

Context
These sales were executed pursuant to a pre-established 10b5-1 trading plan, which is a common mechanism insiders use to sell shares on a scheduled basis and helps demonstrate trades were pre-planned rather than based on inside information. Large gift entries are non-cash transfers and shouldn’t be read as a buy/sell signal. The filing appears timely (Form 4 filed two days after the transaction date).