Congresswoman Sara Jacobs, representing California’s 51st district, sold a significant Qualcomm stake, as per a congressional trade report. The sales occurred on May 6 and 7, 2026.
Each transaction was valued between $500,001 and $1,000,000, totaling up to $2 million. Qualcomm shares traded at $213.41 at the time, up 44% over the past year.
The shares were held via the Sara J Jacobs 1999 Trust at Merrill Lynch. Qualcomm, a $225 billion semiconductor and wireless technology giant, is a key market player.
These sales do not necessarily signal a negative outlook; personal financial planning may have motivated the move.
