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Cirrus Logic officer to sell $416K in shares

Cirrus Logic officer Jeffrey Baumgartner filed to sell 3,498 CRUS shares under Rule 144, tied to vested equity awards and following recent 10b5‑1 plan sales.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

CIRRUS LOGIC, INC. (CRUS) officer Jeffrey Baumgartner filed a notice to sell 3,498 shares of common stock through Morgan Stanley Smith Barney LLC on NASDAQ. The filing lists an aggregate market value of about $415,632.36 for these shares and notes that 50,117,561 shares of common stock are outstanding.

The planned sales relate to 2,622 Performance Stock Units and 876 Restricted Stock Units granted on March 2, 2025. The notice also reports prior 10b5‑1 plan sales over the past three months totaling several thousand shares of CRUS common stock.

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Shares to be sold 3,498 shares Common stock covered by the Rule 144 notice
Aggregate market value of planned sale $415,632.36 Value of 3,498 common shares to be sold
Shares outstanding 50,117,561 shares CRUS common shares outstanding referenced in the notice
Performance Stock Units 2,622 units PSUs granted March 2, 2025, serving as source of shares
Restricted Stock Units 876 units RSUs granted March 2, 2025, serving as source of shares
10b5-1 sale on August 20, 2026 1,166 shares; $137,459.74 Recent sale of CRUS common stock under a 10b5-1 plan
10b5-1 sale on July 20, 2026 1,166 shares; $161,572.62 Recent sale of CRUS common stock under a 10b5-1 plan
10b5-1 sale on July 1, 2026 1,458 shares; $212,824.26 Recent sale of CRUS common stock under a 10b5-1 plan
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Performance Stock Units financial
"Common | 03/02/2025 | Performance Stock Units | Issuer"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Restricted Stock Units financial
"Common | 03/02/2025 | Restricted Stock Units | Issuer"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
10b5-1 regulatory
"10b5-1 Sales for JEFFREY W BAUMGARTNER 800 W. 6th Street"
A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing disclose for CIRRUS LOGIC, INC. (CRUS)?

It discloses that officer Jeffrey Baumgartner plans to sell 3,498 shares of CRUS common stock through Morgan Stanley Smith Barney LLC on NASDAQ, with an aggregate market value of about $415,632.36, under Rule 144 resale provisions.

How many CIRRUS LOGIC (CRUS) shares are outstanding as referenced in this filing?

The notice states that there are 50,117,561 shares of CIRRUS LOGIC, INC. common stock outstanding, providing a context figure for the planned Rule 144 sale of 3,498 shares by officer Jeffrey Baumgartner.

What equity awards for CRUS are linked to the planned sales in this Form 144?

The planned sales are tied to 2,622 Performance Stock Units and 876 Restricted Stock Units, both granted on March 2, 2025 by the issuer, CIRRUS LOGIC, INC. These awards are the source of the common shares to be sold.

What recent 10b5-1 plan sales by Jeffrey Baumgartner in CRUS stock are reported?

The filing reports 10b5‑1 sales of CRUS common stock: 1,166 shares on August 20, 2026, 1,166 shares on July 20, 2026, 1,458 shares on July 1, 2026, and 1,170 shares on June 22, 2026, with listed aggregate dollar amounts for each date.

What is the approximate value of the CRUS shares covered by this Form 144 notice?

The Form 144 states an aggregate market value of about $415,632.36 for the 3,498 CRUS common shares to be sold by officer Jeffrey Baumgartner through Morgan Stanley Smith Barney LLC on NASDAQ.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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