PAGE JUSTINE 4

What Happened

• Justine Page, a director of Broadcom Inc. (AVGO), was granted 864 restricted stock units (RSUs) on April 20, 2026. The filing reports an acquisition price of $0.00 for the RSUs (award/ grant transaction code A).
• This was a compensation award, not an open-market purchase or sale. The RSUs do not represent immediately tradable shares — they convert to shares only upon vesting.

Key Details

• Transaction date: April 20, 2026; Form 4 filed April 22, 2026 (appears timely; Form 4 is generally due within two business days).
• Shares/units granted: 864 RSUs; acquisition price reported as $0.00.
• Vesting: The award fully vests on the earlier of (i) April 19, 2027 or (ii) the issuer’s 2027 annual meeting of stockholders, subject to the Reporting Person’s continued service (footnote F1). Footnote F2 confirms the grant includes 864 RSUs.
• Shares owned after transaction: not specified in the provided filing.
• Transaction type: A = Award/Grant (not a sale or purchase).

Context

• RSUs are a form of deferred compensation: they typically convert into company shares at vesting and are often used to align director interests with shareholders. Because this is a standard compensation grant, it should not be interpreted as a direct buy/sell signal about the director’s view of the stock.
• For retail investors, awards are useful to track but purchases (actual cash buys) are generally a stronger signal of insider conviction.