Cirrus Logic (CRUS) sales chief sells 1,645 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CIRRUS LOGIC, INC. executive Andrew Brannan, EVP of Worldwide Sales, reported an open-market sale of company stock. He sold 1,645 shares of Common Stock at a price of $175.75 per share on May 29, 2026.
After the sale, Brannan directly holds 7,203 shares of Cirrus Logic common stock. The transaction was carried out under a pre-arranged Rule 10b5-1 trading plan that he adopted on February 27, 2026, indicating the sale was scheduled in advance rather than timed discretionarily.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,645 shares ($289,109)
Net Sell
1 txn
Insider
Brannan Andrew
Role
EVP, Worldwide Sales
Sold
1,645 shs ($289K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,645 | $175.75 | $289K |
Holdings After Transaction:
Common Stock — 7,203 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,645 shares
Sale price per share: $175.75 per share
Shares owned after sale: 7,203 shares
3 metrics
Shares sold
1,645 shares
Open-market sale on May 29, 2026
Sale price per share
$175.75 per share
Common Stock transaction
Shares owned after sale
7,203 shares
Direct holdings following transaction
Key Terms
Rule 10b5-1 plan, open-market sale, Common Stock
3 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.
open-market sale financial
"transaction_action: open-market sale"
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.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Cirrus Logic (CRUS) EVP Andrew Brannan report in this Form 4?
Andrew Brannan, EVP of Worldwide Sales at Cirrus Logic, reported an open-market sale of 1,645 shares of Common Stock at $175.75 per share on May 29, 2026. This filing updates his direct ownership position in the company.
Was Andrew Brannan’s Cirrus Logic (CRUS) stock sale under a Rule 10b5-1 plan?
Yes. The filing notes the sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Andrew Brannan on February 27, 2026. Such plans schedule trades in advance, reducing the significance of trade timing.
What type of transaction is reported for Cirrus Logic (CRUS) executive Andrew Brannan?
The transaction is an open-market sale of non-derivative Common Stock, coded “S” in the Form 4. It reflects a direct disposition of 1,645 shares rather than an option exercise, gift, tax withholding, or derivative-related transaction.