Analog Devices (NASDAQ: ADI) SVP exercises options and sells 17,594 shares in Form 4 filing
Rhea-AI Filing Summary
Analog Devices senior vice president Martin Cotter reported an exercise-and-sell transaction in company stock. On June 2, 2026, he exercised a non-qualified stock option to acquire 17,594 shares of common stock at $83.48 per share, then sold 17,594 shares in an open-market sale at $418.00 per share. The option was fully vested and, after the exercise, the option position shown in this filing was reduced to zero. Following these transactions, Cotter directly holds 56,331.884 shares of Analog Devices common stock.
Positive
- None.
Negative
- None.
Insights
Routine option exercise paired with an open-market sale, with sizable stock retained.
SVP Martin Cotter exercised a non-qualified stock option for 17,594 shares at $83.48 and sold the same number of Analog Devices common shares at $418.00. The filing notes the option was fully vested, suggesting a standard compensation-related event.
After the exercise-and-sell sequence, Cotter holds 56,331.884 shares directly, indicating he retains a meaningful equity stake. The derivative position referenced by this option is now fully exercised, with 0 remaining derivative shares from this grant. Overall, this looks like a routine liquidity transaction rather than a thesis-changing move.
Insider Trade Summary
Exercise and Sale: 17,594 shares ($5.89M approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Cotter Martin
Role
SVP, Vertical Business Units
Sold
17,594 shs ($7.35M)
Approx. gross sale proceeds
$7.35M
Approx. exercise cost
$1.47M
Approx. pre-tax spread
$5.89M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) | 17,594 | $83.48 | $1.47M |
| Exercise | Comm Stock - $.16-2/3 value | 17,594 | $83.48 | $1.47M |
| Sale | Comm Stock - $.16-2/3 value | 17,594 | $418.00 | $7.35M |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 0 shares (Direct);
Comm Stock - $.16-2/3 value — 56,331.884 shares (Direct)
Footnotes (1)
- F1. This option is fully vested.
Key Figures
Shares sold: 17,594 shares
Sale price: $418.00 per share
Option exercise shares: 17,594 shares
+4 more
7 metrics
Shares sold
17,594 shares
Open-market sale of common stock on June 2, 2026
Sale price
$418.00 per share
Price for 17,594 common shares sold
Option exercise shares
17,594 shares
Non-qualified stock option exercised into common stock
Exercise price
$83.48 per share
Conversion price of non-qualified stock option
Shares held after transaction
56,331.884 shares
Direct common stock holdings after June 2, 2026 trades
Derivative shares remaining
0 shares
Non-qualified stock option position after exercise
Option expiration date
March 8, 2027
Expiration of exercised non-qualified stock option
Key Terms
Non-Qualified Stock Option, open-market sale, derivative security, Comm Stock - $.16-2/3 value, +1 more
5 terms
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
"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.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Comm Stock - $.16-2/3 value financial
"security_title: "Comm Stock - $.16-2/3 value""
fully vested financial
"footnote: "This option is fully vested.""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did ADI executive Martin Cotter report?
Martin Cotter reported exercising a non-qualified stock option for 17,594 Analog Devices shares at $83.48, then selling 17,594 common shares in an open-market transaction at $418.00 per share, all dated June 2, 2026, according to the Form 4 data.
What stock option did Martin Cotter exercise in the ADI Form 4 filing?
Cotter exercised a non-qualified stock option covering 17,594 shares of Analog Devices common stock at an exercise price of $83.48 per share. The option was fully vested and, after this transaction, the option position shown in the filing had zero remaining derivative shares outstanding.
Was the ADI insider transaction an open-market sale or another type of trade?
The Form 4 identifies the disposition as an open-market sale, using transaction code “S” for 17,594 Analog Devices common shares at $418.00 per share. This code indicates a sale in the open market or a private transaction rather than a gift, tax withholding, or internal transfer.
Does the ADI Form 4 show any remaining option position for Martin Cotter?
The filing shows a non-qualified stock option for 17,594 shares with a conversion price of $83.48 and an expiration date of March 8, 2027. After the June 2, 2026 exercise, the total shares following the derivative transaction are reported as 0.0000, indicating that option position is fully exercised.
What role does Martin Cotter hold at Analog Devices in this Form 4?
The Form 4 lists Martin Cotter as an officer of Analog Devices with the title “SVP, Vertical Business Units.” This indicates he is a senior vice president responsible for vertical business units, making him a reporting insider subject to Section 16 disclosure requirements for equity transactions.