Broadcom’s (AVGO) stock took a downward turn in June.
Shares fell more than 16% during the month, the worst stretch since March 2025. AVGO closed at $377.75 on July 1, nearly 18% off its highs from a month earlier.
Now, a fresh securities filing shows one of the company’s top executives, Mark Brazeal, sold a large block of stock right in the middle of that slide.
Mark Brazeal, Broadcom’s Chief Legal and Corporate Affairs Officer, isn’t a household name. However, his trading activity offers a window into what insiders are doing while retail investors watch the AVGO stock chart turn red.
Wall Street still likes the stock on paper. But the gap between analyst price targets and AVGO’s actual trading price keeps widening. This raises a critical question: Why are top insiders cashing out now?
Broadcom’s top lawyer cashed out $9.68M in stock
Mark Brazeal sold 25,000 Broadcom shares on June 25 at $387.00 apiece, for a total of $9.68 million, Investing.com reported.
The report cited a Form 4 filed with the Securities and Exchange Commission on June 29.
The transaction was a direct sale, not one automatically triggered by vesting. MarketScreener confirmed that after the sale, Brazeal still directly owns 244,989 Broadcom shares.
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That stake includes 123,750 restricted stock units, meaning a large chunk of his position hasn’t matured yet and remains tied to Broadcom’s future performance.
This wasn’t his first sale of the year. According to Investing.com, Brazeal sold $3.17 million in mid-June. He also sold $10.4 million in January, Investing.com reported.
That puts his 2026 sales above $23 million. Since then, the company’s shares have dipped further, closing near $377.75 by July 1, just below his sale price.
Why Broadcom insiders keep selling into a rough stretch
Brazeal isn’t selling alone. Broadcom co-founder and chairman Henry Samueli has offloaded more than $651 million in stock over the past three months, and filed to sell another $71 million on June 29, TradingView reported.
CEO Hock Tan sold 300,000 shares worth about $101.3 million earlier this year, and Finbold noted other executives have trimmed positions too.
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The sale follows the release of Broadcom’s second quarter fiscal 2026 earnings on June 3.
According to Broadcom‘s release, Revenue hit a record $22.19 billion, up 48% compared to last year. The company’s AI semiconductor revenue also jumped 143% to $10.8 billion.
Despite this, shares still fell more than 12% the next session, as investors focused on declining gross margins of approximately 74%.
What the sale means for AVGO investors
Insider sales like Brazeal’s aren’t automatically a bearish signal. Executives often sell shares to cover taxes, diversify, or lock in gains.
Broadcom shares are still up about 8% so far this year, though that trails the 104% gain in the chip-focused iShares Semiconductor ETF (SOXX), TradingView noted.
Wall Street remains largely positive about the stock. Of 48 analysts covering AVGO, 44 rate it a buy or higher, and the average price target near $523.73 implies a roughly 41% projected gain, according to Koyfin data cited by Yahoo Finance.
That gap between sentiment and price action is worth watching ahead of Broadcom’s third quarter report. However, a single executive’s stock sale rarely tells the whole story.
CEO Hock Tan has guided AI semiconductor revenue to grow over 200% compared to last year, hitting $16 billion after the OpenAI chip deal. For long-term shareholders, that execution likely matters more than any single filing.
What to watch next:
- Whether Broadcom’s third quarter outlook holds up when results land later this year.
- How quickly the OpenAI-designed Jalapeno chip scales toward its planned late-2026 deployment.
- Whether the pace of insider selling slows once current RSU vesting windows close.
