[Form 4] Analog Devices, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Analog Devices insider equity update: Vincent Roche, Chair & CEO, reported a disposition of 2,877.794 common shares on 08/15/2025 related to tax withholding for the vesting of 5,952 restricted stock units. The shares were sold at $231.63 per share, and Roche's reported beneficial ownership following the transaction is 140,118.462 shares held directly plus additional shares held indirectly in two Grantor Retained Annuity Trusts (34,828 and 43,515 shares respectively).

The filing is a routine Form 4 disclosure showing standard tax-related share withholding at vesting and clarifies the ownership split between direct holdings and trust interests.

Insights

Compensation Analyst

TL;DR: Transaction appears to be routine RSU tax withholding on vesting, not a discretionary sale of vested shares.

The Form 4 shows 5,952 restricted stock units vested with 2,877.794 shares withheld to satisfy tax obligations, at a reported price of $231.63 per share. This is a common compensation-related disposition that reduces the reporting person’s direct share count while leaving underlying economic exposure via retained shares and trust holdings. There is no indication in the filing of additional open-market sales or a change in executive ownership policy.

Corporate Governance Expert

TL;DR: Disclosure is timely and routine, showing compliance with Section 16 reporting requirements.

The filing documents a tax-withholding disposition tied to vested RSUs and identifies two Grantor Retained Annuity Trusts holding additional shares. From a governance perspective, the report clarifies beneficial ownership and confirms the reporting person remains a significant insider with combined direct and indirect holdings. The transaction does not appear to signal a governance or control change.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ROCHE VINCENT

(Last) (First) (Middle)

ONE ANALOG WAY

(Street)

WILMINGTON MA 01887

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ANALOG DEVICES INC [ ADI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chair & CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Comm Stock - $.16-2/3 value	08/15/2025		F		2,877.794(1)	D	$231.63	140,118.462	D
Comm Stock-$.16-2/3 value								34,828	I(2)	Vincent Roche 2023 Grantor Retained Annuity Trust
Comm Stock-$.16-2/3 value								43,515	I(3)	Vincent Roche 2024 Grantor Retained Annuity Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reported transaction represents shares withheld to satisfy tax withholding obligations in connection with the vesting of 5,952 Restricted Stock Units on August 15, 2025.

2. Shares held by the Vincent Roche 2023 Grantor Retained Annuity Trust dated August 25, 2023.

3. Shares held by the Vincent Roche 2024 Grantor Retained Annuity Trust dated October 3, 2024.

Remarks:

	/s/ Shelly Shaw, General Counsel, by Power of Attorney	08/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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