Starboard Value LP Decreases Stake in Qorvo, Inc. to 6.4% via Major Open Market Sales

Starboard Value LP and its affiliates filed Amendment No. 5 to their Schedule 13D for Qorvo, Inc. (QRVO) on June 2, 2026. The filing reports a decrease in Starboard's aggregate position to 5,611,526 shares, representing approximately 6.4% of the common stock outstanding. This is down from a previous holding of 7,510,871 shares. The reduction was primarily driven by significant open-market sales on June 2, 2026, by Starboard Value & Opportunity Master Fund Ltd, Starboard Value & Opportunity S LLC, and Starboard X Master Fund Ltd. These entities sold a total of approximately 1.9 million shares at prices ranging from $100.25 to $103.41 per share. Specifically, the Master Fund sold 1,134,466 shares, the S LLC sold 95,497 shares, and the X Master Fund sold 670,037 shares. Despite the decrease, Starboard remains a significant shareholder. The filing also notes that Peter A. Feld holds an additional 2,496 shares directly, which were granted in his capacity as a director of the Issuer.