Cirrus Logic (CRUS) legal chief exercises options, sells 9,942 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CIRRUS LOGIC, INC. executive vice president and general counsel Scott Thomas exercised stock options and sold the resulting shares in a coordinated transaction. He exercised 9,942 options for Common Stock at an exercise price of $68.56 per share, then sold 9,942 shares of Common Stock at a weighted average price of about $160.11 per share.
After these transactions, he directly held 30,393 shares of Common Stock. The sale was made pursuant to a pre-arranged Rule 10b5-1 trading plan, indicating the trade timing had been scheduled in advance rather than decided spontaneously.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 9,942 shares ($1,591,814)
Net Sell
3 txns
Insider
THOMAS SCOTT
Role
EVP, General Counsel
Sold
9,942 shs ($1.59M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) | 9,942 | $0.00 | -- |
| Exercise | Common Stock | 9,942 | $68.56 | $682K |
| Sale | Common Stock | 9,942 | $160.11 | $1.59M |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 40,335 shares (Direct)
Footnotes (1)
- This transaction was made pursuant to a Rule 10b5-1 plan adopted by the reporting person on November 14,2025. The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $160.00 to $160.30. The reporting person will provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to any security holder of Cirrus Logic, Inc. or the staff of the SEC upon request. Only vested shares can be exercised under this option. 25% of the shares vested on 11/6/20; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 11/6/23.
Key Figures
Options exercised: 9,942 shares
Exercise price: $68.56 per share
Shares sold: 9,942 shares
+3 more
6 metrics
Options exercised
9,942 shares
Non-Qualified Stock Option exercised on 2026-04-09
Exercise price
$68.56 per share
Non-Qualified Stock Option for Common Stock
Shares sold
9,942 shares
Open-market sale of Common Stock on 2026-04-09
Weighted average sale price
$160.11 per share
Sales between $160.00 and $160.30
Shares after option exercise
40,335 shares
Direct holdings after acquisition step
Shares after sale
30,393 shares
Direct holdings following sale transaction
Key Terms
Non-Qualified Stock Option (right to buy), Rule 10b5-1 plan, weighted average price, vested and exercisable
4 terms
Non-Qualified Stock Option (right to buy) financial
"security_title: "Non-Qualified Stock Option (right to buy)""
Rule 10b5-1 plan regulatory
"This transaction was made pursuant to a Rule 10b5-1 plan adopted by the reporting person"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
weighted average price financial
"The price reported in Table I - Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
vested and exercisable financial
"the option was fully vested and exercisable on 11/6/23."
FAQ
What did Cirrus Logic (CRUS) executive Scott Thomas do in this Form 4?
Scott Thomas exercised stock options for 9,942 Cirrus Logic shares and then sold 9,942 shares in the open market. These moves converted an option position into cash while leaving him with a continuing direct ownership stake in the company’s common stock.
What options did Scott Thomas exercise in the Cirrus Logic (CRUS) filing?
He exercised a Non-Qualified Stock Option for 9,942 underlying Cirrus Logic common shares at an exercise price of $68.56 per share. Only vested shares were exercisable, and this option had fully vested and become exercisable before the reported transaction date.
What does the weighted average price mean in the Cirrus Logic (CRUS) Form 4?
The weighted average price of $160.11 per share reflects multiple trades between $160.00 and $160.30. The filing notes that detailed trade information is available on request, showing the exact number of shares sold at each separate price within that range.