Cirrus Logic counsel exercises options, sells shares

CIRRUS LOGIC, INC. executive vice president and general counsel Scott Thomas exercised stock options and sold the resulting shares in a coordinated transaction.

Accepted by SEC EDGAR 04/10/2026 - 05:02 PM EDT Learn about SEC filing dates

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.

Insider Trade Summary 10b5-1

Exercise and Sale: 9,942 shares ($910K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider THOMAS SCOTT

Role EVP, General Counsel

Sold 9,942 shs ($1.59M)

Approx. gross sale proceeds $1.59M

Approx. exercise cost $682K

Approx. pre-tax spread $910K

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Option (right to buy)	9,942	$0.00	$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 contracts (Direct); Common Stock — 30,393 shares (Direct)

Footnotes (3)

1. F1. This transaction was made pursuant to a Rule 10b5-1 plan adopted by the reporting person on November 14,2025.
2. F2. 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.
3. F3. 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

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

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.

How many Cirrus Logic (CRUS) shares did Scott Thomas sell and at what price?

Scott Thomas sold 9,942 shares of Cirrus Logic common stock at a weighted average price of about $160.11 per share. The shares were sold in multiple trades between $160.00 and $160.30, as disclosed in the Form 4 transaction footnotes.

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.

How many Cirrus Logic (CRUS) shares does Scott Thomas own after these transactions?

Following the reported option exercise and share sale, Scott Thomas directly holds 30,393 shares of Cirrus Logic common stock. This remaining position reflects his continuing equity stake after converting part of his option-based compensation into cash.

Was the Cirrus Logic (CRUS) share sale by Scott Thomas pre-planned?

Yes. The Form 4 states the transaction was executed under a Rule 10b5-1 trading plan adopted on November 14, 2025. Such plans schedule trades in advance, indicating the sale’s timing was pre-arranged rather than an on-the-spot market decision.

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.

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

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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).

X

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^*

THOMAS SCOTT

(Last) (First) (Middle)

800 WEST 6TH STREET

(Street)

AUSTIN TEXAS 78701

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CIRRUS LOGIC, INC. [ CRUS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/09/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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
Common Stock	04/09/2026		M(1)		9,942	A	$68.56	40,335	D
Common Stock	04/09/2026		S(1)		9,942	D	$160.11(2)	30,393	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)	$68.56	04/09/2026		M			9,942	(3)	11/06/2029	Common Stock	9,942	$0	0	D

Explanation of Responses:

1. This transaction was made pursuant to a Rule 10b5-1 plan adopted by the reporting person on November 14,2025.

2. 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.

3. 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.

Remarks:

	Gregory Scott Thomas	04/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)