The sheer size of this proposed insider/affiliate sale (largest single insider disposition observed in the prior 30-day window by a factor of 30x) is likely to pressure QRVO shares near term. Given Starboard's activist profile and board representation, this signals reduced conviction or a tactical exit. Traders should watch for follow-through trades on Form 4 over the next 90 days and monitor whether other insiders adjust their positions.
Price Chart
Executive Summary
Starboard Value LP, an affiliate of a Qorvo director, filed a Form 144 on June 2, 2026 indicating intent to sell 1,900,000 shares of QRVO common stock, with an aggregate market value of approximately $192.3 million based on the filing date. This represents about 2.2% of the company's $8.8B market cap and is a materially large proposed sale by an activist fund that holds board representation, signaling potential de-escalation of engagement or a partial exit.
Key Facts
- Starboard Value LP filed a Form 144 to sell 571,906 shares via Instinet LLC and 1,328,094 shares via JP Morgan Securities LLC, totaling 1,900,000 shares.
- Aggregate proposed sale value at filing: approximately $192.3 million (1,900,000 × $101.20 based on $8.8B market cap / ~86.9M shares outstanding).
- Shares were acquired in open market purchases between October 30, 2024 and March 21, 2025, according to the filing.
- The proposed sale equals roughly 2.2% of Qorvo's market cap, a very large proportional insider/affiliate disposal.
- Starboard Value LP is identified as an 'Affiliate of Director' suggesting board-level engagement at Qorvo.
Financial Impact
Proposed sale of 1,900,000 shares valued at ~$192 million, representing ~2.2% of the company's $8.8B market capitalization.
Risk Factors
- Sale overhang could pressure stock in the near term despite $8.8B market cap absorbing some flow.
- Activist de-escalation removes potential catalyst for operational improvements or strategic alternatives.
- Form 144 is intent only — sale may not fully execute, but the filing itself signals insider intent.
- Concentration of selling via two large brokers suggests pre-arranged plan, increasing probability of execution.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0000921895-26-001540 |
| Document: 0000921895-26-001540-index.html | 0000921895-26-001540 |
| Document: 0000921895-26-001540.txt | 0000921895-26-001540 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 144 | $107.98 $117.21 | ▲ +8.55% | ▲ +8.44% | $113.22 (+4.85%) |
Sep 11, 2026 21d ago | 425 | $116.65 $117.18 | ▲ +0.45% | ▲ +0.68% | $113.22 (−2.94%) |
Sep 3, 2026 29d ago | Insider Cluster | $100.38 $116.65 | ▲ +16.21% | ▲ +17.36% | $113.22 (+12.79%) |
Sep 2, 2026 29d ago | 144 | $100.38 $116.65 | ▲ +16.21% | ▲ +17.36% | $113.22 (+12.79%) |
Sep 2, 2026 4w ago | 144 | $100.16 $112.36 | ▲ +12.19% | ▲ +13.14% | $113.22 (+13.04%) |
Sep 2, 2026 4w ago | 425 | $100.16 $112.36 | ▲ +12.19% | ▲ +13.14% | $113.22 (+13.04%) |
Aug 18, 2026 6w ago | Insider Cluster | $95.37 $94.34 | ▲ +1.07% | ▲ +0.87% | $113.22 (−18.72%) |
Aug 10, 2026 7w ago | 425 | $96.68 $95.37 | ▼ −1.36% | ▼ −0.96% | $113.22 (+17.11%) |
Aug 3, 2026 8w ago | 425 | $89.49 $97.00 | ▲ +8.39% | ▲ +6.36% | $113.22 (+26.52%) |
Jul 15, 2026 11w ago | Press Release | $83.50 $86.73 | ▲ +3.87% | ▲ +5.54% | $113.22 (+35.59%) |
US Market Status
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