Cirrus Logic EVP sells 1,300 shares after option exercise
CIRRUS LOGIC, INC. executive vice president and general counsel Thomas Scott exercised stock options and sold shares in a pre-planned transaction.
Rhea-AI Filing Summary
CIRRUS LOGIC, INC. executive vice president and general counsel Thomas Scott exercised stock options and sold shares in a pre-planned transaction. He exercised 1,300 Non-Qualified Stock Options at $78.00 per share to acquire 1,300 shares of common stock, then sold 1,300 common shares in an open‑market sale at a weighted average price of $180.04 per share pursuant to a Rule 10b5-1 plan adopted on November 14, 2025. Following these transactions, he directly holds 31,048 common shares and 4,642 stock options as reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 1,300 shares ($133K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
THOMAS SCOTT
Role
EVP, General Counsel
Sold
1,300 shs ($234K)
Approx. gross sale proceeds
$234K
Approx. exercise cost
$101K
Approx. pre-tax spread
$133K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) | 1,300 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,300 | $78.00 | $101K |
| Sale | Common Stock | 1,300 | $180.04 | $234K |
Holdings After Transaction:
Non-Qualified Stock Option (right to buy) — 4,642 contracts (Direct);
Common Stock — 31,048 shares (Direct)
Footnotes (3)
- F1. This transaction was made pursuant to a Rule 10b5-1 plan adopted by the reporting person on November 14, 2025.
- 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 $180.00 to $180.12. 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.
- F3. Only vested shares can be exercised under this option. 25% of the shares vested on 3/3/22; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 3/3/25.
Key Figures
Shares sold: 1,300 shares
Weighted average sale price: $180.04 per share
Options exercised: 1,300 options
+5 more
8 metrics
Shares sold
1,300 shares
Open-market sale of common stock on 2026-06-03
Weighted average sale price
$180.04 per share
Multiple transactions between $180.00 and $180.12
Options exercised
1,300 options
Non-Qualified Stock Options exercised at $78.00
Option exercise price
$78.00 per share
Conversion or exercise price for Non-Qualified Stock Options
Shares held after transaction
31,048 shares
Direct common stock ownership after 2026-06-03 trades
Options remaining
4,642 options
Non-Qualified Stock Options outstanding after exercise
Option expiration date
March 3, 2031
Expiration date of the Non-Qualified Stock Option grant
10b5-1 plan adoption date
November 14, 2025
Date Thomas Scott adopted the Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 plan, Non-Qualified Stock Option, weighted average price, open-market sale, +1 more
5 terms
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.
Non-Qualified Stock Option financial
"Non-Qualified Stock Option (right to buy) with a conversion or exercise price of $78.0000"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
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.
open-market sale financial
"transaction_action": "open-market sale" for 1,300 shares of Common Stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion" for the option-related entries"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Cirrus Logic (CRUS) EVP Thomas Scott report in this Form 4?
Thomas Scott reported exercising 1,300 stock options and selling 1,300 common shares. The transactions involved option exercise at $78.00 and open-market sales around $180 per share, all under a pre-arranged Rule 10b5-1 trading plan.
What stock options did Thomas Scott exercise in this Cirrus Logic (CRUS) filing?
He exercised 1,300 Non-Qualified Stock Options with a conversion or exercise price of $78.00 per share. These options were fully vested and exercisable by March 3, 2025, based on the vesting schedule described in the footnotes.
Were Thomas Scott’s Cirrus Logic (CRUS) trades made under a Rule 10b5-1 plan?
Yes. The Form 4 states the transaction was made pursuant to a Rule 10b5-1 trading plan adopted on November 14, 2025. Such plans pre-schedule trades, indicating the timing was arranged in advance rather than decided opportunistically.
Does Thomas Scott still hold Cirrus Logic (CRUS) stock options after this Form 4?
Yes. After exercising 1,300 Non-Qualified Stock Options, the filing reports 4,642 options remaining. These options relate to Cirrus Logic common stock and have an expiration date of March 3, 2031, as disclosed in the derivative table.
AI-generated analysis. How Rhea-AI works. Not financial advice.
