Brazeal Mark David 4

What Happened

• Mark David Brazeal, Broadcom’s Chief Legal & Corporate Affairs Officer, sold a total of 8,152 shares of AVGO in open-market transactions on June 16–17, 2026, generating approximately $3,175,920 in gross proceeds. Individual sales ranged from ~192 to 797 shares at prices between about $377 and $400 per share.
• These were sales (S) executed to cover taxes owed on the vesting of restricted stock units (RSUs), not open-market discretionary divestitures.

Key Details

• Transaction dates: June 16–17, 2026; Form 4 filed June 18, 2026 (timely).
• Total shares sold: 8,152; approximate proceeds: $3,175,920.
• Price range across trades: roughly $376.71 to $400.29 per share (multiple trades and weighted-average prices reported; see footnotes for exact ranges).
• Shares owned after transaction: not fully stated in the provided excerpt; filing footnote F3 notes inclusion of 123,750 RSUs.
• Notable footnotes: F1 states sales were automatic transactions to cover withholding taxes on RSU vesting; other footnotes (F2–F26) list the multi-trade price ranges for specific lots.
• Transaction type codes: S = Sale; these sales were for tax withholding related to RSU awards (commonly reported as F in descriptive footnotes).

Context

• Sales to cover RSU tax withholding are routine and are not the same signal as an executive-initiated, discretionary sale. They typically reflect the mechanics of equity compensation (automatic sell-to-cover) rather than a judgement about the company’s prospects.
• No indication in the filing excerpt of option exercises, gifts, or a 10% owner transaction. The filing appears timely.