Cirrus Logic (CRUS) Form 144: 9,162 Shares From Option Exercise to Be Sold
Rhea-AI Filing Summary
Cirrus Logic, Inc. (CRUS) Form 144 notice shows a proposed sale of 9,162 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of $1,099,440, to be sold approximately on 09/17/2025 on NASDAQ. The shares were acquired the same day via stock option exercise from the issuer and paid in cash. The filer also reported a prior sale by Jeffrey W. Baumgartner of 10,000 common shares on 09/02/2025 for gross proceeds of $1,117,811. The form includes the filer’s certification about absence of undisclosed material adverse information but does not provide a signature date or additional context about the filer’s role or motivation.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider option exercise followed by planned resale; transaction size is small relative to outstanding shares.
This Form 144 documents a planned sale of 9,162 shares valued at $1,099,440 and a recent sale of 10,000 shares for $1,117,811. The shares for the planned sale were acquired by option exercise on the same date and paid in cash, indicating liquidity monetization rather than an acquisition for investment. Relative to the reported 51,332,178 shares outstanding, the planned sale represents roughly 0.0178% of the share count, which is immaterial to capitalization. No additional disclosure about insider role, exact notice date, or any trading plan adoption date is provided, limiting further investor inference.
TL;DR: Filing appears procedurally complete for Rule 144 notice but lacks some contextual details.
The notice includes required elements: broker name, class, number of shares, market value, acquisition method, and past three-month sale. It reiterates the filer’s representation about absence of undisclosed material information. Missing explicit signature date and any stated 10b5-1 plan adoption date reduce context on whether sales follow a pre-established trading plan. From a governance perspective, the document meets basic Rule 144 disclosure but provides limited information for assessing intent or timing safeguards.