Ray Stata (NASDAQ: ADI) logs 2,832-share sale under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Analog Devices Inc. director Ray Stata reported open-market sales of 2,832 shares of common stock in early July 2026. The trades, executed over July 7–8, 2026 at prices between about $371 and $389 per share, were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on March 6, 2026.
Following these transactions, Stata directly holds 115,927 Analog Devices shares. He also reports indirect ownership of 652,221 shares held by his spouse. The filing shows multiple small sale lots, reflecting a structured disposition rather than a single large block trade.
Positive
- None.
Negative
- None.
Insights
Director Ray Stata sold 2,832 Analog Devices shares in small, pre-planned lots.
Ray Stata, a director of Analog Devices, executed open-market sales totaling 2,832 common shares over July 7–8, 2026. Trade prices ranged from about $371 to $389 per share, split across numerous small transactions.
The filing states these sales were made under a Rule 10b5-1 trading plan adopted on March 6, 2026, indicating they were pre-scheduled rather than opportunistic. After selling, Stata still directly owns 115,927 shares and reports 652,221 additional shares held indirectly by his spouse.
Because the transactions are pre-planned and Stata retains a substantial share position, this looks like routine portfolio diversification or liquidity management from the information provided, rather than a fundamental shift in his exposure to Analog Devices.
Insider Trade Summary 10b5-1
Net Seller: 2,832 shares ($1,078,611)
Net Sell
22 txns
Insider
STATA RAY
Role
null
Sold
2,832 shs ($1.08M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Comm Stock - $.16-2/3 value | 15 | $378.015 | $6K |
| Sale | Comm Stock - $.16-2/3 value | 24 | $378.7575 | $9K |
| Sale | Comm Stock - $.16-2/3 value | 44 | $380.1898 | $17K |
| Sale | Comm Stock - $.16-2/3 value | 174 | $381.4425 | $66K |
| Sale | Comm Stock - $.16-2/3 value | 108 | $382.5022 | $41K |
| Sale | Comm Stock - $.16-2/3 value | 152 | $383.449 | $58K |
| Sale | Comm Stock - $.16-2/3 value | 108 | $384.4991 | $42K |
| Sale | Comm Stock - $.16-2/3 value | 339 | $385.6655 | $131K |
| Sale | Comm Stock - $.16-2/3 value | 217 | $386.6712 | $84K |
| Sale | Comm Stock - $.16-2/3 value | 197 | $387.6063 | $76K |
| Sale | Comm Stock - $.16-2/3 value | 38 | $388.7318 | $15K |
| Sale | Comm Stock - $.16-2/3 value | 12 | $371.4775 | $4K |
| Sale | Comm Stock - $.16-2/3 value | 62 | $373.0892 | $23K |
| Sale | Comm Stock - $.16-2/3 value | 199 | $374.0522 | $74K |
| Sale | Comm Stock - $.16-2/3 value | 144 | $375.1724 | $54K |
| Sale | Comm Stock - $.16-2/3 value | 230 | $376.0624 | $86K |
| Sale | Comm Stock - $.16-2/3 value | 139 | $377.1631 | $52K |
| Sale | Comm Stock - $.16-2/3 value | 282 | $378.1414 | $107K |
| Sale | Comm Stock - $.16-2/3 value | 184 | $379.6047 | $70K |
| Sale | Comm Stock - $.16-2/3 value | 138 | $380.3602 | $52K |
| Sale | Comm Stock - $.16-2/3 value | 26 | $381.1113 | $10K |
| holding | Comm Stock - $.16-2/3 value | -- | -- | -- |
Holdings After Transaction:
Comm Stock - $.16-2/3 value — 117,328 shares (Direct, null);
Comm Stock - $.16-2/3 value — 652,221 shares (Indirect, By Mrs. Stata Directly)
Footnotes (1)
- These shares were sold pursuant to a 10b5-1 plan adopted by the Reporting Person on March 6, 2026. These shares were disposed of in multiple transactions at actual sales prices ranging from $371.465 to $371.48 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. These shares were disposed of in multiple transactions at actual sales prices ranging from $372.505 to $373.505 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. These shares were disposed of in multiple transactions at actual sales prices ranging from $373.6175 to $374.34 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. These shares were disposed of in multiple transactions at actual sales prices ranging from $374.62 to $375.61 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. These shares were disposed of in multiple transactions at actual sales prices ranging from $375.645 to $376.645 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. These shares were disposed of in multiple transactions at actual sales prices ranging from $376.80 to $377.58 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. These shares were disposed of in multiple transactions at actual sales prices ranging from $377.8575 to $378.81 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. These shares were disposed of in multiple transactions at actual sales prices ranging from $378.9525 to $379.9375 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. These shares were disposed of in multiple transactions at actual sales prices ranging from $379.97 to $380.97 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. These shares were disposed of in multiple transactions at actual sales prices ranging from $380.995 to $381.49 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. These shares were disposed of in multiple transactions at actual sales prices ranging from $377.415 to $378.315 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. These shares were disposed of in multiple transactions at actual sales prices ranging from $378.51 to $379.005 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. These shares were disposed of in multiple transactions at actual sales prices ranging from $379.735 to $380.4825 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. These shares were disposed of in multiple transactions at actual sales prices ranging from $380.925 to $381.9025 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. These shares were disposed of in multiple transactions at actual sales prices ranging from $381.995 to $382.9275 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. These shares were disposed of in multiple transactions at actual sales prices ranging from $383.01 to $383.955 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. These shares were disposed of in multiple transactions at actual sales prices ranging from $384.015 to $384.86 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. These shares were disposed of in multiple transactions at actual sales prices ranging from $385.055 to $386.04 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. These shares were disposed of in multiple transactions at actual sales prices ranging from $386.135 to $387.135 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. These shares were disposed of in multiple transactions at actual sales prices ranging from $387.19 to $388.17 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. These shares were disposed of in multiple transactions at actual sales prices ranging from $388.20 to $388.1725 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.
Key Figures
Shares sold: 2,832 shares
Sale price range: $371.465–$388.1725 per share
Direct holdings after sale: 115,927 shares
+3 more
6 metrics
Shares sold
2,832 shares
Total open-market sales reported in Form 4
Sale price range
$371.465–$388.1725 per share
Price ranges from footnotes F1–F22 for July 7–8, 2026
Direct holdings after sale
115,927 shares
Common stock directly owned following reported transactions
Indirect holdings
652,221 shares
Common stock held indirectly, described as by Mrs. Stata directly
Number of sale transactions
21 transactions
Non-derivative open-market sales in transaction summary
10b5-1 plan adoption date
March 6, 2026
Date Stata adopted the Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 plan, open-market sale, weighted average sale price, indirect ownership, +1 more
5 terms
Rule 10b5-1 plan regulatory
"These shares were sold pursuant to a 10b5-1 plan adopted by the Reporting Person on March 6, 2026."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
open-market sale financial
"transaction_action": "open-market sale""
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.
weighted average sale price financial
"The price reported reflects the weighted average sale price for the transactions."
indirect ownership financial
""ownership_type": "indirect""
non-derivative financial
""transaction_type": "non-derivative""
FAQ
Were Ray Stata’s ADI stock sales made under a Rule 10b5-1 trading plan?
Yes, the filing states the sales were executed under a Rule 10b5-1 plan. A footnote specifies that the plan was adopted on March 6, 2026, indicating the timing and size of trades were pre-arranged rather than decided at the moment of sale.