Define: Sell to Cover

What does "Sell to Cover" mean? The meaning differs based on the contract. We found 2 definitions across 1 company in SEC filings.

Definition 1 (Broadcom Inc., seen in 1 filing)

Sell to Cover means a transaction in which the Company, on your behalf, instructs Fidelity Stock Plan Services, LLC or one of its affiliates or another agent selected by the Company (collectively, the Agent) to sell a number of Shares issued to you sufficient to meet the withholding obligation, as determined by the Company in its sole discretion, and to remit proceeds of such sale to the Company sufficient to satisfy the withholding obligation.

Source: Broadcom Inc. 10-K

Definition 2 (Broadcom Inc., seen in 1 filing)

Sell to Cover means a transaction in which the Company, on your behalf, instructs Fidelity Stock Plan Services, LLC or one of its affiliates or another agent selected by the Company to sell a number of Shares issued to you sufficient to meet the withholding obligation, as determined by the Company in its sole discretion, and to remit proceeds of such sale to the Company sufficient to satisfy the withholding obligation.

Source: Broadcom Inc. 10-K

Data extracted from 2 SEC EDGAR filings across 1 company. Source: Material contracts (Exhibit 10) filed under Regulation S-K.

This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.

Occurrences: 2
Companies: 1
Keywords:
Sell to Coverdefinitioncontract languagelegal termSEC filing

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