Broadcom Inc. 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Market Information Broadcom common stock is listed on The Nasdaq Global Select Market under the symbol “AVGO”. Holders As of November 26, 2021, there were 971 holders of record of our common stock. A substantially greater number of stockholders are “street name” or beneficial holders, whose shares are held of record by banks, brokers and other financial institutions. Issuer Purchases of Equity Securities During the fiscal quarter ended October 31, 2021, we paid approximately $266 million in employee withholding taxes due upon the vesting of net settled equity awards. We withheld approximately 1 million shares of common stock from employees in connection with such net share settlement at an average price of $505.59 per share. These shares may be deemed to be “issuer purchases” of shares. In December 2021, our Board of Directors authorized a stock repurchase program to repurchase up to $10 billion of our common stock from time to time on or prior to December 31, 2022. Repurchases under our stock repurchase program may be effected through a variety of methods, including open market or privately negotiated purchases. The timing and amount of shares repurchased will depend on the stock price, business and market conditions, corporate and regulatory requirements, alternative investment opportunities, acquisition opportunities and other factors. We are not obligated to repurchase any specific amount of shares of common stock, and the stock repurchase program may be suspended or terminated at any time. Stock Performance Graph The following graph shows a comparison of cumulative total return for our common stock, the Standard & Poor’s 500 Stock Index (the “S&P 500 Index”) and the NASDAQ 100 Index for the five fiscal years ended October 31, 2021. The total return graph and table assume that $100 was invested on October 28, 2016 (the last trading day of our fiscal year 2016) in each of Broadcom Inc. common stock, the S&P 500 Index and the NASDAQ 100 Index and assume that all dividends are reinvested. Indexes are calculated on a month-end basis. The comparisons in the graph below are based on historical data and are not indicative of, or intended to forecast, the possible future performance of our common stock. 33 Table of Contents Comparison of Five Year Cumulative Total Return Among Broadcom Inc., the S&P 500 Index and the NASDAQ 100 Index October 30, 2016 October 29, 2017 November 4, 2018 November 3, 2019 November 1, 2020 October 31, 2021 Broadcom Inc. $ 100.00 $ 152.15 $ 136.54 $ 190.64 $ 235.49 $ 369.32 S&P 500 Index $ 100.00 $ 123.88 $ 133.27 $ 153.19 $ 166.44 $ 237.87 NASDAQ 100 Index $ 100.00 $ 130.81 $ 148.20 $ 175.60 $ 240.06 $ 346.72 The graph and the table above shall not be deemed “filed” with the SEC for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by us with the SEC, regardless of any general incorporation language in such filing. ITEM 6. [RESERVED] 34 Table of Contents