Analog Devices SVP exercises 2,490 options, executes same‑day sale

Rhea-AI Filing Summary

Analog Devices insider Katsufumi Nakamura, SVP and Chief Customer Officer, exercised 2,490 non‑qualified stock options with a $91.13 exercise price on 08/21/2025. The reporting shows the same 2,490 shares were sold the same day at a price of $248.0301. The filing notes the option was fully vested. After these transactions the reported beneficial ownership figures shown in the form reflect the post‑transaction holdings listed by the reporting table.

Insights

Corporate Governance Expert

TL;DR: Insider exercised vested options and sold the resulting shares the same day; routine compensation liquidity event with no new disclosures.

This Form 4 documents an executive exercising 2,490 vested non‑qualified options at $91.13 and selling the corresponding 2,490 shares at $248.0301 on 08/21/2025. The filing confirms the option was fully vested, and the transaction was reported under standard Section 16 reporting. From a governance perspective, simultaneous exercise and sale by an officer is a common mechanism to monetize compensation and does not, by itself, indicate changes to company policy, control or leadership.

Equity Compensation Analyst

TL;DR: Executive realized intrinsic value by exercising and selling 2,490 options; transaction appears to be a routine liquidity/compensation action.

The reported activity shows a non‑qualified stock option with a $91.13 strike was exercised for 2,490 shares and those shares were sold at $248.0301 per share on the same date. The filing’s explicit note that the option was fully vested indicates no accelerated vesting or special grant terms are disclosed here. This is consistent with routine option exercising for cash proceeds and does not disclose any additional compensation arrangements or material corporate actions.

Insider Trade Summary

Net Seller: 2,490 shares ($617,595)

Net Sell 3 txns

Insider Nakamura Katsufumi

Role SVP, Chief Customer Officer

Sold 2,490 shs ($618K)

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Option (right to buy)	2,490	$91.13	$227K
Exercise	Comm Stock-$.16-2/3 value	2,490	$91.13	$227K
Sale	Comm Stock-$.16-2/3 value	2,490	$248.0301	$618K

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 0 shares (Direct); Comm Stock-$.16-2/3 value — 16,038.86 shares (Direct)

Footnotes (1)

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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^*

Nakamura Katsufumi

(Last) (First) (Middle)

C/O ANALOG DEVICES, INC.

1 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Customer Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

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	08/21/2025		M		2,490	A	$91.13	16,038.86	D
Comm Stock-$.16-2/3 value	08/21/2025		S		2,490	D	$248.0301	13,548.86	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)	$91.13	08/21/2025		M			2,490	(1)	03/29/2028	Comm Stock-$.16-2/3 value	2,490	$91.13	0	D

Explanation of Responses:

1. This option is fully vested.

Remarks:

	/s/ Shelly Shaw, General Counsel, by Power of Attorney	08/25/2025
	** 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 insider activity did ADI executive Katsufumi Nakamura report on Form 4?

The Form 4 reports that Katsufumi Nakamura exercised 2,490 stock options and sold 2,490 shares on 08/21/2025.

At what prices were the ADI options exercised and the shares sold?

The options were exercised at a $91.13 exercise price and the shares were sold at $248.0301 per share.

Were the options that were exercised by the ADI officer vested?

Yes. The filing includes an explanation noting this option is fully vested.

Does the Form 4 indicate any change in officer status or new compensation grants at ADI?

No. The filing documents an option exercise and sale and includes no disclosure of changes in officer status or new grant terms.

Who signed the Form 4 on behalf of the reporting person?

The Form 4 is signed by Shelly Shaw, General Counsel, by Power of Attorney on behalf of the reporting person.