Analog Devices (ADI) CEO sells 10K shares after exercising options under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Analog Devices Chair and CEO Vincent Roche reported an option exercise and share sale. On July 1, 2026, he exercised 10,000 Non-Qualified Stock Options at $108.08 per share, acquiring the same number of common shares.
On the same date, he completed an open-market sale of 10,000 common shares at an average price of $389.75 per share, executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 3, 2025. Following these transactions, Roche directly holds 137,537.875 common shares, with additional indirect holdings of 50,000 and 23,515 shares in separate Grantor Retained Annuity Trusts.
Positive
- None.
Negative
- None.
Insights
CEO exercised 10,000 options and sold 10,000 shares under a pre-set 10b5-1 plan.
Chair and CEO Vincent Roche exercised 10,000 Non-Qualified Stock Options at $108.08, then sold 10,000 common shares at $389.75. The filing shows this as an exercise-and-sell pattern, a common way to turn option awards into cash.
The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted on December 3, 2025, which typically signals a scheduled, rather than opportunistic, transaction. After the trades, he still directly owns 137,537.875 shares and holds additional shares indirectly through Grantor Retained Annuity Trusts, indicating a continuing equity stake.
Insider Trade Summary 10b5-1
Net Seller: 10,000 shares ($3,897,500)
Net Sell
5 txns
Insider
ROCHE VINCENT
Role
Chair & CEO
Sold
10,000 shs ($3.90M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) | 10,000 | $108.08 | $1.08M |
| Exercise | Comm Stock - $.16-2/3 value | 10,000 | $108.08 | $1.08M |
| Sale | Comm Stock - $.16-2/3 value | 10,000 | $389.75 | $3.90M |
| holding | Comm Stock-$.16-2/3 value | -- | -- | -- |
| holding | Comm Stock-$.16-2/3 value | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 80,803 shares (Direct, null);
Comm Stock - $.16-2/3 value — 147,537.875 shares (Direct, null);
Comm Stock-$.16-2/3 value — 23,515 shares (Indirect, Vincent Roche 2024 Grantor Retained Annuity Trust)
Footnotes (1)
- These shares were sold pursuant to a 10b5-1 plan adopted by the reporting person on December 3, 2025. Shares held by the Vincent Roche 2024 Grantor Retained Annuity Trust dated October 3, 2024. Shares held by the Vincent Roche 2026 Grantor Retained Annuity Trust dated January 11, 2026. This option is fully vested.
Key Figures
Shares sold: 10,000 shares
Sale price: $389.75/share
Options exercised: 10,000 options
+5 more
8 metrics
Shares sold
10,000 shares
Open-market sale of common stock on July 1, 2026 at $389.75
Sale price
$389.75/share
Average price for 10,000 ADI common shares sold July 1, 2026
Options exercised
10,000 options
Non-Qualified Stock Options exercised at $108.08 on July 1, 2026
Option exercise price
$108.08/share
Conversion price for 10,000 Non-Qualified Stock Options
Direct holdings after transaction
137,537.875 shares
ADI common stock directly owned by Vincent Roche after July 1, 2026
Indirect trust holdings (2026 GRAT)
50,000 shares
Shares held by Vincent Roche 2026 Grantor Retained Annuity Trust
Indirect trust holdings (2024 GRAT)
23,515 shares
Shares held by Vincent Roche 2024 Grantor Retained Annuity Trust
Options remaining after exercise
80,803 options
Non-Qualified Stock Options outstanding after 10,000-option exercise
Key Terms
Rule 10b5-1 trading plan, Grantor Retained Annuity Trust, Non-Qualified Stock Option, open-market sale, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"These shares were sold pursuant to a 10b5-1 plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Grantor Retained Annuity Trust financial
"Shares held by the Vincent Roche 2024 Grantor Retained Annuity Trust dated October 3, 2024"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
Non-Qualified Stock Option financial
"Non-Qualified Stock Option (right to buy)"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
fully vested financial
"This option is fully vested"
FAQ
What insider transactions did ADI CEO Vincent Roche report on July 1, 2026?
Vincent Roche reported exercising 10,000 Non-Qualified Stock Options at $108.08 per share and selling 10,000 Analog Devices (ADI) common shares at an average price of $389.75 per share, all dated July 1, 2026.
What stock options did Vincent Roche exercise in this ADI Form 4?
Roche exercised 10,000 Non-Qualified Stock Options with a conversion price of $108.08 per share, receiving an equal number of ADI common shares. A footnote notes that this option is fully vested, and the derivative table shows 80,803 options remaining.
What indirect ADI holdings does Vincent Roche have through trusts?
The filing lists 50,000 ADI common shares held by the Vincent Roche 2026 Grantor Retained Annuity Trust and 23,515 shares held by the Vincent Roche 2024 Grantor Retained Annuity Trust, both categorized as indirect ownership on the Form 4.