Broadcom Chairman Entity Files Form 144 to Sell $25.0M in Common Stock

Broadcom Inc. ($AVGO) Form 144 Analysis

Executive Summary

On September 23, 2026, H&S INVESTMENTS I LP, an investment partnership associated with Broadcom's Chairman of the Board, Dr. Henry Samueli, filed a Form 144 notice disclosing the proposed sale of 70,218 shares of Broadcom Inc. common stock. The aggregate estimated market value of the proposed transaction is $25,000,058.61, representing an average expected price of approximately $356.03 per share.

Key Transaction Details

• Security: Common Stock
• Shares Proposed for Sale: 70,218
• Aggregate Market Value: $25,000,058.61
• Broker: Northern Trust Securities, Inc.
• Approximate Sale Date: September 23, 2026
• Trading Plan: Pre-arranged Rule 10b5-1 trading plan adopted on December 16, 2025
• Origin of Securities: Vesting of Restricted Stock Units (RSUs) acquired originally on November 4, 2016

Context and Prior Trading Activity

The filing also lists substantial sales over the prior three-month period by affiliated entities:

• H&S Investments I, LP: Sold 314,033 shares on June 24, 2026, for $120.0M.
• Samueli Foundation: Sold 186,089 shares on June 24, 2026, for $71.2M, and 72,474 shares on September 23, 2026, for $25.8M.
• D95GT LLC: Sold 340,208 shares on June 24, 2026, for $130.0M, and 631,972 shares on September 23, 2026, for $225.0M.
• The Rinks Foundation: Sold 15,784 shares on June 24, 2026, for $6.0M.

Market Impact & Governance Assessment

• Dilution & Liquidity Impact: With over 4.77 billion shares outstanding, this proposed sale of 70,218 shares represents a negligible fraction of the float (<0.002%), presenting virtually no dilution or liquidity strain on regular trading volume.
• Significance Level: Medium. While the absolute dollar amount ($25.0M) is sizable, the sale is governed by a Rule 10b5-1 trading plan established more than nine months prior, indicating routine portfolio diversification rather than opportunistic market timing.