Analog Devices director sells shares under 10b5-1 plan

Q: What insider transaction did Ray Stata report at Analog Devices (ADI)?

Ray Stata, a director of Analog Devices (ADI), reported multiple open-market sales of common stock on February 4–5, 2026. These transactions were executed in small blocks under a pre-arranged Rule 10b5-1 trading plan adopted on January 9, 2025.

Q: How many Analog Devices shares does Ray Stata still own after these sales?

After the reported sales, Ray Stata beneficially owns 120,696 shares directly of Analog Devices common stock. He also reports 652,221 shares as indirectly owned, held "By Mrs. Stata Directly," reflecting additional beneficial ownership through his spouse.

Q: On what dates did Ray Stata sell Analog Devices (ADI) shares?

Ray Stata reported selling Analog Devices common stock on February 4, 2026, and February 5, 2026. The Form 4 lists numerous individual sales on each date, all coded as open-market dispositions of common stock under Section 16 reporting rules.

Q: Was Ray Stata’s sale of Analog Devices stock under a 10b5-1 plan?

Yes. A footnote explains that the reported shares were sold pursuant to a Rule 10b5-1 trading plan adopted by Ray Stata on January 9, 2025. Such pre-arranged plans automate trading according to preset instructions established in advance.

Q: How are the indirectly owned Analog Devices shares held for Ray Stata?

The Form 4 shows 652,221 shares of Analog Devices common stock as indirectly owned, with the nature of ownership described as "By Mrs. Stata Directly". This indicates beneficial ownership through his spouse rather than through a trust or corporate entity.

Analog Devices Inc. director Ray Stata reported a series of open-market sales of common stock on February 4 and 5, 2026, under a pre-arranged Rule 10b5-1 trading plan adopted on January 9, 2025.

Accepted by SEC EDGAR 02/06/2026 - 04:24 PM EST

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Rhea-AI Filing Summary

Analog Devices Inc. director Ray Stata reported a series of open-market sales of common stock on February 4 and 5, 2026, under a pre-arranged Rule 10b5-1 trading plan adopted on January 9, 2025. The reported transactions involved multiple small share blocks sold at weighted average prices ranging from about $312.695 to $326.585 per share.

Following these sales, Stata directly beneficially owns 120,696 shares of Analog Devices common stock and indirectly beneficially owns an additional 652,221 shares held "By Mrs. Stata Directly."

Insider Trade Summary

Net Seller: 6,250 shares

Net Sell 21 txns

Insider STATA RAY

Role Director

Sold 6,250 shs ($2.00M)

Type	Security	Shares	Price	Value
Sale	Comm Stock - $.16-2/3 value	74	$314.9172	$23K
Sale	Comm Stock - $.16-2/3 value	84	$316.3967	$27K
Sale	Comm Stock - $.16-2/3 value	268	$317.4249	$85K
Sale	Comm Stock - $.16-2/3 value	334	$318.6678	$106K
Sale	Comm Stock - $.16-2/3 value	196	$319.6065	$63K
Sale	Comm Stock - $.16-2/3 value	543	$321.3234	$174K
Sale	Comm Stock - $.16-2/3 value	674	$322.3109	$217K
Sale	Comm Stock - $.16-2/3 value	364	$323.4062	$118K
Sale	Comm Stock - $.16-2/3 value	364	$324.5796	$118K
Sale	Comm Stock - $.16-2/3 value	140	$325.713	$46K
Sale	Comm Stock - $.16-2/3 value	84	$326.4417	$27K
Sale	Comm Stock - $.16-2/3 value	412	$313.2102	$129K
Sale	Comm Stock - $.16-2/3 value	550	$314.3756	$173K
Sale	Comm Stock - $.16-2/3 value	384	$315.3237	$121K
Sale	Comm Stock - $.16-2/3 value	337	$316.4469	$107K
Sale	Comm Stock - $.16-2/3 value	244	$317.578	$77K
Sale	Comm Stock - $.16-2/3 value	56	$318.245	$18K
Sale	Comm Stock - $.16-2/3 value	168	$319.8333	$54K
Sale	Comm Stock - $.16-2/3 value	660	$320.8675	$212K
Sale	Comm Stock - $.16-2/3 value	258	$321.7041	$83K
Sale	Comm Stock - $.16-2/3 value	56	$322.8025	$18K
Holding	Comm Stock - $.16-2/3 value	--	--	--

Holdings After Transaction: Comm Stock - $.16-2/3 value — 120,696 shares (Direct); Comm Stock - $.16-2/3 value — 652,221 shares (Indirect, By Mrs. Stata Directly)

Footnotes (22)

F1. These shares were sold pursuant to a 10b5-1 plan adopted by the Reporting Person on January 9, 2025.
F2. These shares were disposed of in multiple transactions at actual sales prices ranging from $312.695 to $313.665 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.
F3. These shares were disposed of in multiple transactions at actual sales prices ranging from $313.905 to $314.905 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.
F4. These shares were disposed of in multiple transactions at actual sales prices ranging from $314.92 to $315.805 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.
F5. These shares were disposed of in multiple transactions at actual sales prices ranging from $316.075 to $316.87 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.
F6. These shares were disposed of in multiple transactions at actual sales prices ranging from $317.16 to $317.975 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.
F7. These shares were disposed of in multiple transactions at actual sales prices ranging from $318.22 to $318.27 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.
F8. These shares were disposed of in multiple transactions at actual sales prices ranging from $319.275 to $320.275 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.
F9. These shares were disposed of in multiple transactions at actual sales prices ranging from $320.475 to $321.46 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.
F10. These shares were disposed of in multiple transactions at actual sales prices ranging from $321.48 to $322.10 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.
F11. These shares were disposed of in multiple transactions at actual sales prices ranging from $322.785 to $322.82 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.
F12. These shares were disposed of in multiple transactions at actual sales prices ranging from $314.67 to $315.125 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.
F13. These shares were disposed of in multiple transactions at actual sales prices ranging from $315.835 to $316.82 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.
F14. These shares were disposed of in multiple transactions at actual sales prices ranging from $316.985 to $317.965 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.
F15. These shares were disposed of in multiple transactions at actual sales prices ranging from $318.02 to $318.98 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.
F16. These shares were disposed of in multiple transactions at actual sales prices ranging from $319.285 to $320.18 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.
F17. These shares were disposed of in multiple transactions at actual sales prices ranging from $320.91 to $321.84 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.
F18. These shares were disposed of in multiple transactions at actual sales prices ranging from $322.02 to $322.885 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.
F19. These shares were disposed of in multiple transactions at actual sales prices ranging from $323.045 to $323.85 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.
F20. These shares were disposed of in multiple transactions at actual sales prices ranging from $324.07 to $324.965 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.
F21. These shares were disposed of in multiple transactions at actual sales prices ranging from $325.20 to $326.115 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.
F22. These shares were disposed of in multiple transactions at actual sales prices ranging from $326,345 to $326.585 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Ray Stata report at Analog Devices (ADI)?

Ray Stata, a director of Analog Devices (ADI), reported multiple open-market sales of common stock on February 4–5, 2026. These transactions were executed in small blocks under a pre-arranged Rule 10b5-1 trading plan adopted on January 9, 2025.

How many Analog Devices shares does Ray Stata still own after these sales?

After the reported sales, Ray Stata beneficially owns 120,696 shares directly of Analog Devices common stock. He also reports 652,221 shares as indirectly owned, held "By Mrs. Stata Directly," reflecting additional beneficial ownership through his spouse.

On what dates did Ray Stata sell Analog Devices (ADI) shares?

Ray Stata reported selling Analog Devices common stock on February 4, 2026, and February 5, 2026. The Form 4 lists numerous individual sales on each date, all coded as open-market dispositions of common stock under Section 16 reporting rules.

What prices were Analog Devices shares sold for in Ray Stata’s Form 4?

The reported sales were executed in multiple transactions with weighted average prices generally between $312.695 and $326.585 per share. Each price in the filing represents a weighted average for trades within narrower ranges disclosed in the accompanying explanatory footnotes.

Was Ray Stata’s sale of Analog Devices stock under a 10b5-1 plan?

Yes. A footnote explains that the reported shares were sold pursuant to a Rule 10b5-1 trading plan adopted by Ray Stata on January 9, 2025. Such pre-arranged plans automate trading according to preset instructions established in advance.

How are the indirectly owned Analog Devices shares held for Ray Stata?

The Form 4 shows 652,221 shares of Analog Devices common stock as indirectly owned, with the nature of ownership described as "By Mrs. Stata Directly". This indicates beneficial ownership through his spouse rather than through a trust or corporate entity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

STATA RAY

(Last)

(First)

(Middle)

ONE ANALOG WAY

(Street)

WILMINGTON

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)
02/04/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Comm Stock - $.16-2/3 value	02/04/2026		S		412⁽¹⁾	D	$313.2102⁽²⁾	126,534	D
Comm Stock - $.16-2/3 value	02/04/2026		S		550⁽¹⁾	D	$314.3756⁽³⁾	125,984	D
Comm Stock - $.16-2/3 value	02/04/2026		S		384⁽¹⁾	D	$315.3237⁽⁴⁾	125,600	D
Comm Stock - $.16-2/3 value	02/04/2026		S		337⁽¹⁾	D	$316.4469⁽⁵⁾	125,263	D
Comm Stock - $.16-2/3 value	02/04/2026		S		244⁽¹⁾	D	$317.578⁽⁶⁾	125,019	D
Comm Stock - $.16-2/3 value	02/04/2026		S		56⁽¹⁾	D	$318.245⁽⁷⁾	124,963	D
Comm Stock - $.16-2/3 value	02/04/2026		S		168⁽¹⁾	D	$319.8333⁽⁸⁾	124,795	D
Comm Stock - $.16-2/3 value	02/04/2026		S		660⁽¹⁾	D	$320.8675⁽⁹⁾	124,135	D
Comm Stock - $.16-2/3 value	02/04/2026		S		258⁽¹⁾	D	$321.7041⁽¹⁰⁾	123,877	D
Comm Stock - $.16-2/3 value	02/04/2026		S		56⁽¹⁾	D	$322.8025⁽¹¹⁾	123,821	D
Comm Stock - $.16-2/3 value	02/05/2026		S		74⁽¹⁾	D	$314.9172⁽¹²⁾	123,747	D
Comm Stock - $.16-2/3 value	02/05/2026		S		84⁽¹⁾	D	$316.3967⁽¹³⁾	123,663	D
Comm Stock - $.16-2/3 value	02/05/2026		S		268⁽¹⁾	D	$317.4249⁽¹⁴⁾	123,395	D
Comm Stock - $.16-2/3 value	02/05/2026		S		334⁽¹⁾	D	$318.6678⁽¹⁵⁾	123,061	D
Comm Stock - $.16-2/3 value	02/05/2026		S		196⁽¹⁾	D	$319.6065⁽¹⁶⁾	122,865	D
Comm Stock - $.16-2/3 value	02/05/2026		S		543⁽¹⁾	D	$321.3234⁽¹⁷⁾	122,322	D
Comm Stock - $.16-2/3 value	02/05/2026		S		674⁽¹⁾	D	$322.3109⁽¹⁸⁾	121,648	D
Comm Stock - $.16-2/3 value	02/05/2026		S		364⁽¹⁾	D	$323.4062⁽¹⁹⁾	121,284	D
Comm Stock - $.16-2/3 value	02/05/2026		S		364⁽¹⁾	D	$324.5796⁽²⁰⁾	120,920	D
Comm Stock - $.16-2/3 value	02/05/2026		S		140⁽¹⁾	D	$325.713⁽²¹⁾	120,780	D
Comm Stock - $.16-2/3 value	02/05/2026		S		84⁽¹⁾	D	$326.4417⁽²²⁾	120,696	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 $312.695 to $313.665 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 $313.905 to $314.905 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 $314.92 to $315.805 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 $316.075 to $316.87 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 $317.16 to $317.975 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 $318.22 to $318.27 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 $319.275 to $320.275 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 $320.475 to $321.46 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 $321.48 to $322.10 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 $322.785 to $322.82 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 $314.67 to $315.125 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.

13. These shares were disposed of in multiple transactions at actual sales prices ranging from $315.835 to $316.82 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.

14. These shares were disposed of in multiple transactions at actual sales prices ranging from $316.985 to $317.965 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.

15. These shares were disposed of in multiple transactions at actual sales prices ranging from $318.02 to $318.98 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.

16. These shares were disposed of in multiple transactions at actual sales prices ranging from $319.285 to $320.18 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.

17. These shares were disposed of in multiple transactions at actual sales prices ranging from $320.91 to $321.84 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.

18. These shares were disposed of in multiple transactions at actual sales prices ranging from $322.02 to $322.885 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.

19. These shares were disposed of in multiple transactions at actual sales prices ranging from $323.045 to $323.85 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.

20. These shares were disposed of in multiple transactions at actual sales prices ranging from $324.07 to $324.965 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.

21. These shares were disposed of in multiple transactions at actual sales prices ranging from $325.20 to $326.115 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.

22. These shares were disposed of in multiple transactions at actual sales prices ranging from $326,345 to $326.585 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	02/06/2026
	** 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.

Source: View Original Filing on SEC EDGAR