Analog Devices insider trades under 10b5-1 plan on 10/01–10/02/2025

Rhea-AI Filing Summary

Stata Ray, a director of Analog Devices, Inc. (ADI), reported multiple open-market sales of ADI common stock on 10/01/2025 and 10/02/2025 under a pre-established 10b5-1 plan adopted on January 9, 2025. The filing lists numerous discrete sell transactions (quantities per trade shown) at weighted-average prices reported for each group of trades. The report also discloses indirect beneficial ownership of 652,221 shares by Mrs. Stata. The form was signed by counsel on 10/03/2025.

Positive

• Sales executed under a 10b5-1 plan, indicating pre-arranged transactions adopted on 01/09/2025
• Detailed price ranges and weighted-average prices provided for each group of transactions, enabling verification

Negative

• Multiple open-market disposals on 10/01/2025 and 10/02/2025, reducing reported direct holdings
• Large indirect holding disclosed: 652,221 shares held by Mrs. Stata (may be material to ownership profile)

Insights

Insider Trading Analyst

Director executed multiple pre-arranged sales under a 10b5-1 plan on 10/01–10/02/2025.

The filing confirms that the disposals were made pursuant to a 10b5-1 plan adopted 01/09/2025, which is a pre‑arranged trading program permitting scheduled sales without new insider decision‑making at the time of each trade.

The report shows many individual sell transactions with weighted average prices reported for batches; it also discloses 652,221 shares held indirectly by Mrs. Stata, a material ownership disclosure for investor transparency.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

1. Name and Address of Reporting Person^*

STATA RAY

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		S		278(1)	D	$236.9774(2)	151,668	D
Comm Stock - $.16-2/3 value	10/01/2025		S		200(1)	D	$238.1192(3)	151,468	D
Comm Stock - $.16-2/3 value	10/01/2025		S		556(1)	D	$239.4312(4)	150,912	D
Comm Stock - $.16-2/3 value	10/01/2025		S		559(1)	D	$240.6553(5)	150,353	D
Comm Stock - $.16-2/3 value	10/01/2025		S		753(1)	D	$241.6711(6)	149,600	D
Comm Stock - $.16-2/3 value	10/01/2025		S		327(1)	D	$243.0088(7)	149,273	D
Comm Stock - $.16-2/3 value	10/01/2025		S		364(1)	D	$243.9503(8)	148,909	D
Comm Stock - $.16-2/3 value	10/01/2025		S		88(1)	D	$245.2805(9)	148,821	D
Comm Stock - $.16-2/3 value	10/02/2025		S		731(1)	D	$241.2818(10)	148,090	D
Comm Stock - $.16-2/3 value	10/02/2025		S		1,310(1)	D	$242.3406(11)	146,780	D
Comm Stock - $.16-2/3 value	10/02/2025		S		1,084(1)	D	$243.0316(12)	145,696	D
Comm Stock - $.16-2/3 value								652,221	I	By Mrs. Stata Directly

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. These shares were sold pursuant to a 10b5-1 plan adopted by the Reporting Person on January 9, 2025.

2. These shares were disposed of in multiple transactions at actual sales prices ranging from $236.555 to $237.53 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

3. These shares were disposed of in multiple transactions at actual sales prices ranging from $237.76 to $238.735 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

4. These shares were disposed of in multiple transactions at actual sales prices ranging from $239.02 to $239.965 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

5. These shares were disposed of in multiple transactions at actual sales prices ranging from $240.19 to $241.16 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

6. These shares were disposed of in multiple transactions at actual sales prices ranging from $241.295 to $242.285 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

7. These shares were disposed of in multiple transactions at actual sales prices ranging from $242.56 to $243.515 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

8. These shares were disposed of in multiple transactions at actual sales prices ranging from $243.60 to $244.59 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

9. These shares were disposed of in multiple transactions at actual sales prices ranging from $244.82 to $245.425 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

10. These shares were disposed of in multiple transactions at actual sales prices ranging from $240.73 to $241.70 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

11. These shares were disposed of in multiple transactions at actual sales prices ranging from $241.7650 to $242.74 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

12. These shares were disposed of in multiple transactions at actual sales prices ranging from $242.77 to $243.76 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

Remarks:

	/s/ Shelly Shaw, General Counsel, by Power of Attorney	10/03/2025
	** 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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed the Form 4 for ADI?

The reporting person is Stata Ray, identified as a director of Analog Devices, Inc.

When were the insider transactions reported on the Form 4 (ADI)?

The transactions occurred on 10/01/2025 and 10/02/2025, and the form shows a signature date of 10/03/2025.

Were the sales part of a trading plan for ADI insider Stata Ray?

Yes. The sales were executed pursuant to a pre-established 10b5-1 plan adopted on 01/09/2025.

How many ADI shares are disclosed as indirectly beneficially owned?

The filing discloses 652,221 shares as indirectly beneficially owned by Mrs. Stata.

Does the Form 4 list prices for the sold ADI shares?

Yes. The filing reports weighted-average sale prices and price ranges for each batch of disposals (examples shown in the explanations).