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

Rhea-AI Filing Summary

Analog Devices insider sale reported: Martin Cotter, Senior Vice President, sold 12,500 shares of Analog Devices, Inc. (ADI) on 09/05/2025 at weighted average prices between $246.23 and $246.37 per share, reported as a weighted average of $246.2474. After the transactions the reporting person beneficially owned 63,047.846 shares. The Form 4 was filed by one reporting person and signed on behalf of the reporting person by power of attorney on 09/08/2025.

Positive

• None.

Negative

• Reporting person disposed of 12,500 shares on 09/05/2025 at a weighted average price of $246.2474 per share, reducing their position to 63,047.846 shares.

Insights

Financial Analyst

TL;DR: Senior executive sold a modest block of shares; holding remains material at ~63k shares.

The sale of 12,500 shares at an average price of $246.2474 is a transactional disclosure required under Section 16. The reported disposition reduces the reporting person’s position to 63,047.846 shares. The filing provides execution price range and an undertaking to supply per-price lots upon request. There is no additional financial data, performance metrics, or hedging/derivative activity disclosed in this Form 4.

Corporate Governance Expert

TL;DR: Routine insider sale disclosed; filing meets Section 16 reporting requirements with explanatory remarks.

The Form 4 documents a direct sale (code S) by an officer with disclosure of weighted-average price and an explicit offer to provide lot-level details. The form is signed under power of attorney, indicating standard filing practice. The disclosure does not indicate a Rule 10b5-1 plan checkbox or any amendment. As filed, the document is a straightforward compliance filing without stated material governance events.

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).

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^*

Cotter Martin

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Vertical Business Units

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025

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	09/05/2025		S		12,500	D	$246.2474(1)	63,047.846	D

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 disposed of in multiple transactions on September 5, 2025 at actual sales prices ranging from $246.23 to $246.37 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	09/08/2025
	** 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

What insider transaction was reported for ADI on 09/05/2025?

Martin Cotter sold 12,500 shares of Analog Devices on 09/05/2025 at weighted average prices between $246.23 and $246.37 per share.

How many ADI shares does the reporting person own after the transaction?

63,047.846 shares beneficially owned following the reported disposition.

Was the Form 4 filed jointly or individually for ADI?

Form filed by one reporting person; the signature was provided by power of attorney on 09/08/2025.

Did the Form 4 indicate a 10b5-1 trading plan or an amendment?

No 10b5-1 checkbox or amendment date is indicated in the provided content.

What price range were the ADI shares sold at?

Actual sale prices ranged from $246.23 to $246.37 per share; the weighted average reported is $246.2474.