Neil Martin - Feb 20, 2024 Form 4 Insider Report for QUALCOMM INC/DE (QCOM)

Role
SVP, Finance and CAO
Signature
By: Jon Russo, Attorney-in-Fact For: Neil A. Martin
Stock symbol
QCOM
Transactions as of
Feb 20, 2024
Transactions value $
-$124,425
Form type
4
Date filed
2/21/2024, 04:57 PM
Previous filing
Dec 5, 2023
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QCOM Common Stock Options Exercise $0 +627 +183.87% $0.00 968 Feb 20, 2024 Direct
transaction QCOM Common Stock Options Exercise $0 +545 +56.3% $0.00 1.51K Feb 20, 2024 Direct
transaction QCOM Common Stock Tax liability -$68.8K -453 -29.94% $151.96 1.06K Feb 20, 2024 Direct
transaction QCOM Common Stock Sale -$55.6K -371 -35% $149.83 689 Feb 21, 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction QCOM Restricted Stock Unit Options Exercise $0 -628 -12.48% $0.00 4.4K Feb 20, 2024 Common Stock 628 Direct F3, F4
transaction QCOM Restricted Stock Unit Options Exercise $0 -545 -8.33% $0.00 6K Feb 20, 2024 Common Stock 545 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was made pursuant to a Rule 10b5-1 trading plan adopted on May 18, 2023.
F2 Includes 94 shares acquired under the Company's Employee Stock Purchase Plan on January 31, 2024.
F3 Each Restricted Stock Unit is the economic equivalent of one share of Qualcomm common stock and converts on a one-for-one basis.
F4 The Restricted Stock Units (and allocable dividend equivalents) vest one-third on November 20, 2023, and the remaining balance vests quarterly thereafter.
F5 The Restricted Stock Units (and allocable dividend equivalents) vest in equal quarterly amounts beginning on February 20, 2024 and ending on November 20, 2026.