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.

Insights

Equity compensation analyst

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

Net Seller: 17,594 shares ($7,354,292)

Net Sell 3 txns

Insider Cotter Martin

Role SVP, Vertical Business Units

Sold 17,594 shs ($7.35M)

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, null); Comm Stock - $.16-2/3 value — 73,925.884 shares (Direct, null)

Footnotes (1)

1. [object Object]

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.""

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Form 4 Insider Transactions: What Each Field Means →

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^*

Cotter Martin

(Last) (First) (Middle)

ONE ANALOG WAY

(Street)

WILMINGTON MASSACHUSETTS 01887

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ANALOG DEVICES INC [ ADI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Vertical Business Units

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/02/2026		M		17,594	A	$83.48	73,925.884	D
Comm Stock - $.16-2/3 value	06/02/2026		S		17,594	D	$418	56,331.884	D

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
Non-Qualified Stock Option (right to buy)	$83.48	06/02/2026		M			17,594	(1)	03/08/2027	Comm Stock - $.16-2/3 value	17,594	$83.48	0	D

Explanation of Responses:

1. This option is fully vested.

Remarks:

	/s/ Shelly Shaw, General Counsel, by Power of Attorney	06/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)

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.

How many ADI shares does Martin Cotter hold after this Form 4 transaction?

After the June 2, 2026 transactions, Martin Cotter directly holds 56,331.884 shares of Analog Devices common stock. This figure reflects his remaining equity stake following the option exercise and the corresponding open-market sale of 17,594 shares reported in the filing.

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.