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[Form 4] CIRRUS LOGIC, INC. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Jeffrey W. Baumgartner, EVP R&D of Cirrus Logic (CRUS), reported option exercises and matching sales executed under a Rule 10b5-1 plan on 09/17/2025. He exercised 7,308 non-qualified options at $78, 1,000 non-qualified options at $88, and 854 incentive stock options at $78, which resulted in acquisition of those shares. On the same date he sold the matching amounts at $120 per share. Following these transactions his reported beneficial ownership in Cirrus Logic is 14,001 shares. The Form 4 was signed by an attorney-in-fact on 09/18/2025. The filing notes the transactions were made pursuant to a 10b5-1 plan adopted on August 20, 2024, and explains vesting schedules for the exercised options.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine, preplanned insider activity under a 10b5-1 plan; disclosures are timely and transparent.

The Form 4 shows exercises of vested stock options and contemporaneous sales executed under a Rule 10b5-1 plan, which is a standard mechanism to avoid trading-window issues. The filing includes vesting schedule details and the 10b5-1 adoption date, supporting compliance and reducing ambiguity about intent. The post-transaction beneficial ownership of 14,001 shares is clearly reported. This is a governance-positive disclosure practice but not material on its own for company valuation.

TL;DR: Insider exercised in-the-money options and sold shares at a higher market price; transactions appear executed under an established plan.

The report documents exercises at strike prices of $78 and $88 and sales at $120 per share, realizing immediate gross proceeds for the reporting person. The presence of a 10b5-1 arrangement reduces interpretive risk that sales reflect new company-specific information. While the cash flows are personally significant to the insider, the size (14,001 shares retained) is small relative to typical market caps and unlikely to be materially market-moving for investors.

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).
1. Name and Address of Reporting Person*
Baumgartner Jeffrey W

(Last) (First) (Middle)
800 WEST 6TH STREET

(Street)
AUSTIN TX 78701

(City) (State) (Zip)
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, R&D
3. Date of Earliest Transaction (Month/Day/Year)
09/17/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 09/17/2025 M(1) 7,308 A $78 21,309 D
Common Stock 09/17/2025 S(1) 7,308 D $120 14,001 D
Common Stock 09/17/2025 M(1) 1,000 A $88 15,001 D
Common Stock 09/17/2025 S(1) 1,000 D $120 14,001 D
Common Stock 09/17/2025 M(1) 854 A $78 14,855 D
Common Stock 09/17/2025 S(1) 854 D $120 14,001 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) $78 09/17/2025 M(1) 7,308 (2) 03/03/2031 Common Stock 7,308 $0 368 D
Non-Qualified Stock Option (right to buy) $88 09/17/2025 M(1) 1,000 (3) 03/02/2032 Common Stock 1,000 $0 5,408 D
Incentive Stock Option (right to buy) $78 09/17/2025 M(1) 854 (2) 03/03/2031 Common Stock 854 $0 1,026 D
Explanation of Responses:
1. This transaction was made pursuant to a Rule 10b5-1 plan adopted by the reporting person on August 20, 2024.
2. 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.
3. Only vested shares can be exercised under this option. 25% of the shares vested on 3/2/23; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 3/2/26.
Remarks:
By: Gregory Scott Thomas attorney-in-fact For: Jeffrey Baumgartner 09/18/2025
** 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.
Cirrus Logic Inc

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6.10B
50.72M
0.57%
99.54%
2.75%
Semiconductors
Semiconductors & Related Devices
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United States
AUSTIN