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