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

Rhea-AI Filing Summary

Vincent Roche, Chair & CEO of Analog Devices, Inc. (ADI), reported multiple sales of ADI common stock on August 27, 2025. The Form 4 shows dispositions of 9,854 shares at a weighted-average price of $253.6955 and 10,146 shares at a weighted-average price of $254.8692; both sets of shares were sold in multiple transactions on that date. The filing also lists a disposition of 140,118.462 shares and indicates beneficial ownership interests held in two Grantor Retained Annuity Trusts dated August 25, 2023 and October 3, 2024. The Form 4 was signed by General Counsel under power of attorney.

Positive

• None.

Negative

• Insider dispositions disclosed: Vincent Roche sold 9,854 shares at a weighted-average price of $253.6955 and 10,146 shares at a weighted-average price of $254.8692 on August 27, 2025.
• Large disposition reported: The form lists a disposition of 140,118.462 shares (format as reported in the filing), indicating additional share sales or transfers on record.

Insights

Financial Analyst

TL;DR: The CEO executed sizeable sales of ADI shares on August 27, 2025; amounts and weighted-average prices are disclosed.

This Form 4 documents multiple cash sales by Vincent Roche, with explicit weighted-average sale prices of $253.6955 and $254.8692 for the listed transactions. The filing quantifies the number of shares sold (9,854 and 10,146) and discloses additional dispositions and trust-held shares. From a trading-data perspective, the disclosure provides clear execution prices and identifies the CEO as the reporting person, which is important for transparency and market monitoring. The filing does not state motives or planned future activity.

Corporate Governance Expert

TL;DR: Timely insider reporting from the Chair & CEO; sales and trust holdings are disclosed but no explanation of intent is provided.

The Form 4 fulfills Section 16 reporting requirements by listing multiple dispositions and the beneficial ownership of shares held indirectly via two Grantor Retained Annuity Trusts. The signature by General Counsel under power of attorney indicates procedural compliance. The filing contains no additional governance disclosures or trading-plan references, and it does not assert that these transactions were made pursuant to a Rule 10b5-1 plan.

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
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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^*

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)
08/27/2025

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	08/27/2025		S		9,854	D	$253.6955(1)	33,661	I(2)	Vincent Roche 2024 Grantor Retained Annuity Trust
Comm Stock-$.16-2/3 value	08/27/2025		S		10,146	D	$254.8692(3)	23,515	I(2)	Vincent Roche 2024 Grantor Retained Annuity Trust
Comm Stock - $.16-2/3 value								140,118.462	D
Comm Stock-$.16-2/3 value								34,828	I(4)	Vincent Roche 2023 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. These shares were disposed of in multiple transactions on August 27, 2025 at actual sales prices ranging from $253.33 to $254.32 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.

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

3. These shares were disposed of in multiple transactions on August 27, 2025 at actual sales prices ranging from $254.38 to $255.30 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. Shares held by the Vincent Roche 2023 Grantor Retained Annuity Trust dated August 25, 2023.

Remarks:

	/s/ Shelly Shaw, General Counsel, by Power of Attorney	08/28/2025
	** 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 did Vincent Roche (ADI) report in the Form 4?

The Form 4 reports multiple sales by Vincent Roche on August 27, 2025, including 9,854 shares at a weighted-average price of $253.6955 and 10,146 shares at a weighted-average price of $254.8692.

Does the Form 4 disclose indirect holdings for ADI's CEO?

Yes. The filing discloses shares held indirectly by the Vincent Roche 2023 Grantor Retained Annuity Trust and the Vincent Roche 2024 Grantor Retained Annuity Trust.

Were the share sales reported executed on the same date?

Yes. The reported transactions with disclosed weighted-average prices were executed on August 27, 2025 and were conducted in multiple transactions that day.

Did the filing state that the transactions were part of a 10b5-1 trading plan?

No. The Form 4 does not indicate that these transactions were made pursuant to a Rule 10b5-1 trading plan in the text provided.

Who signed the Form 4 for Vincent Roche?

The Form 4 was signed on behalf of the reporting person by Shelly Shaw, General Counsel, by Power of Attorney on 08/28/2025.