[144] CIRRUS LOGIC, INC. SEC Filing
CIRRUS LOGIC (CRUS) Form 144 reports a proposed insider sale of 11,089 common shares to be executed through Morgan Stanley Smith Barney on 09/18/2025 on NASDAQ. The filing states an aggregate market value of $1,347,202.61 and notes total shares outstanding of 51,332,178, placing the sale at a small fraction of the outstanding stock. The shares were acquired and are to be sold the same day via a stock option exercise with payment in cash. The filer reports no securities sold in the past three months and affirms they are not aware of undisclosed material adverse information about the issuer.
- Disclosure filed under Form 144, indicating regulatory compliance
- No securities sold in the past three months, simplifying aggregation and reporting
- Transaction executed through a major broker-dealer (Morgan Stanley Smith Barney)
- Insider plans to sell 11,089 shares valued at $1,347,202.61, representing insider liquidity
- Acquired and sold on the same date via option exercise, which may be interpreted as immediate monetization
Insights
TL;DR: Routine insider sale following option exercise; modest relative size unlikely to materially affect valuation.
The filing documents a single-day acquisition-and-sale of 11,089 shares via option exercise and immediate sale, yielding an aggregate value of $1.347M. Relative to 51.33M shares outstanding, this represents roughly 0.022% of the float, indicating the transaction is small in scale. No prior sales in the past three months are reported, and the sale uses a registered broker-dealer, suggesting procedural compliance. There is no earnings or operational information in the filing to reassess company fundamentals.
TL;DR: Disclosure is complete for a Rule 144 notice; raises no governance red flags based on provided details.
The Form 144 includes required elements: broker, class, number of shares, aggregate value, acquisition method, and certification regarding material nonpublic information. The transaction stems from a stock option exercise with immediate sale and cash payment, which is a common insider liquidity event. Absence of other recent insider sales simplifies aggregation concerns. No material governance issues or unexplained transfers are evident from the filing text.