Broadcom (AVGO) Director Henry Samueli Sells 702K Shares ($250M)

What Happened

• Henry Samueli, a director of Broadcom Inc. (AVGO), disposed of a large block of shares in open‑market transactions on September 23, 2026. He sold a total of approximately 702,190 shares across multiple trades at reported prices in the mid-$350s, generating roughly $250.0 million in proceeds. In addition, he gifted 72,474 shares (no proceeds reported).
• These sales were reported on a Form 4 filed September 25, 2026. The filings list weighted‑average prices for grouped trades; individual trade prices ranged roughly from $354.10 up to $362.27.

Key Details

• Transaction date: September 23, 2026; Form 4 filed September 25, 2026 (timely filing).
• Sales: ~702,190 shares sold in multiple open‑market transactions; aggregate proceeds ≈ $250,006,184.
• Gift: 72,474 shares transferred as a gift (no cash received).
• Reported price range: about $354.10 to $362.27 (weighted averages and sub‑ranges provided in footnotes).
• Footnotes of note: F1 — trades were effected under a Rule 10b5‑1 trading plan adopted Dec 16, 2025; F2–F17 — prices shown are weighted averages across multiple executions and the filer will provide detailed breakdowns on request; F18 — a note that 864 RSUs are included in some balance reporting; F19–F22 — certain holdings are held indirectly by entities for which the reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
• Shares owned after transaction: not stated in the excerpt provided; check the full Form 4 for post‑transaction holdings.

Context

• These were open‑market sales executed under a prearranged 10b5‑1 plan, which are commonly used by insiders to sell shares on a scheduled basis and do not necessarily indicate a change in view about the company.
• The gift of 72,474 shares is a non‑market transfer and should not be interpreted as a trading signal.
• No options exercises or cashless transactions are reported here — this filing reflects dispositions (sales and a gift) only.