Cirrus Logic (CRUS) EVP sells 6,464 shares after option exercise in 10b5-1 trade

Rhea-AI Filing Summary

CIRRUS LOGIC, INC. executive Andrew Brannan reported an exercise-and-sale transaction involving company stock. On June 29, 2026, he exercised 6,464 shares of common stock via a non-qualified stock option at an exercise price of $88.00 per share, then sold 6,464 shares of common stock in an open-market transaction at a weighted average price of $144.71 per share.

After these transactions, Brannan directly held 7,203 shares of common stock and 138 non-qualified stock options remained outstanding, exercisable for common shares until their March 2, 2032 expiration. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 27, 2026, indicating the trades were scheduled in advance rather than timed discretionarily.

Insights

Equity compensation and insider-trading analyst

Routine option exercise-and-sale under a pre-planned Rule 10b5-1 trading arrangement.

Andrew Brannan, EVP of Worldwide Sales at CIRRUS LOGIC, INC., exercised a non-qualified stock option for 6,464 shares at $88.00 per share and sold the same number of shares at a weighted average of $144.71. This is a classic exercise-and-sell pattern converting option value into cash.

The filing shows 7,203 shares of common stock held directly after the trades and 138 remaining option shares expiring on March 2, 2032. A footnote states the sale was made under a Rule 10b5-1 plan adopted on February 27, 2026, suggesting the timing was pre-planned rather than reactive to short-term news, which typically makes the transaction less informative about the insider’s current view of the stock.

Insider Trade Summary 10b5-1

Net Seller: 6,464 shares ($935,405)

Net Sell 3 txns

Insider Brannan Andrew

Role EVP, Worldwide Sales

Sold 6,464 shs ($935K)

Type	Security	Shares	Price	Value
Exercise	Non-Qualified Stock Option (right to buy)	6,464	$0.00	--
Exercise	Common Stock	6,464	$88.00	$569K
Sale	Common Stock	6,464	$144.71	$935K

Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 138 shares (Direct, null); Common Stock — 13,667 shares (Direct, null)

Footnotes (1)

1. This transaction was made pursuant to a Rule 10b5-1 plan adopted by the reporting person on February 27, 2026. The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $144.76 to $147.73. 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. Only vested shares can be exercised under this option. 25% of the shares vested on 3/2/23; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 3/2/26.

Key Figures

Shares sold: 6,464 shares Sale price (weighted average): $144.71 per share Option exercise size: 6,464 shares +5 more

8 metrics

Shares sold 6,464 shares Open-market sale of common stock on June 29, 2026

Sale price (weighted average) $144.71 per share Common stock sale price range $144.76–$147.73

Option exercise size 6,464 shares Non-qualified stock option exercise on June 29, 2026

Option exercise price $88.00 per share Non-qualified stock option for common stock

Shares held after transaction 7,203 shares Direct common stock ownership following June 29, 2026 trades

Remaining options 138 options Non-qualified stock options expiring March 2, 2032

Rule 10b5-1 plan adoption date February 27, 2026 Plan governing June 29, 2026 stock sale

Option expiration date March 2, 2032 Non-qualified stock option term for remaining options

Key Terms

Rule 10b5-1 plan, Non-Qualified Stock Option, weighted average price, vested and exercisable

4 terms

Rule 10b5-1 plan financial

"This transaction was made pursuant to a Rule 10b5-1 plan adopted by the reporting person on February 27, 2026."

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 an exercise price of $88.0000 and expiration date March 2, 2032."

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. These shares were sold in multiple transactions at prices ranging from $144.76 to $147.73."

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

"Only vested shares can be exercised under this option. 25% of the shares vested on 3/2/23; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 3/2/26."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/30/2026 - 04:27 PM Accepted by SEC EDGAR 06/30/2026 - 04:27 PM Learn about SEC filing dates

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^*

Brannan Andrew

(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, Worldwide Sales

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/29/2026

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	06/29/2026		M(1)		6,464	A	$88	13,667	D
Common Stock	06/29/2026		S(1)		6,464	D	$144.71(2)	7,203	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)	$88	06/29/2026		M			6,464	(3)	03/02/2032	Common Stock	6,464	$0	138	D

Explanation of Responses:

1. This transaction was made pursuant to a Rule 10b5-1 plan adopted by the reporting person on February 27, 2026.

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 $144.76 to $147.73. 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 3/2/23; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 3/2/26.

Remarks:

	By: Gregory Scott Thomas attorney-in-fact For: Andrew Brannan	06/30/2026
	** 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)

FAQ

What did Cirrus Logic (CRUS) executive Andrew Brannan report in this Form 4?

Andrew Brannan reported exercising a non-qualified stock option for 6,464 shares of Cirrus Logic common stock at $88.00 per share and selling 6,464 shares in the open market at a weighted average price of $144.71 per share on June 29, 2026.

How many Cirrus Logic (CRUS) shares did Andrew Brannan sell and at what price?

Andrew Brannan sold 6,464 shares of Cirrus Logic common stock in an open-market transaction at a weighted average price of $144.71 per share, with individual trades executed between $144.76 and $147.73 according to the weighted-average pricing footnote.

What options did Andrew Brannan exercise in the latest Cirrus Logic (CRUS) Form 4?

He exercised a non-qualified stock option covering 6,464 shares of Cirrus Logic common stock at an exercise price of $88.00 per share. The option fully vested by March 2, 2026, with vesting occurring initially at 25% and then monthly over 36 months.

How many Cirrus Logic (CRUS) shares does Andrew Brannan hold after these transactions?

After the June 29, 2026 transactions, Andrew Brannan directly holds 7,203 shares of Cirrus Logic common stock. The Form 4 also shows 138 non-qualified stock options remaining outstanding and exercisable for common shares until their stated March 2, 2032 expiration date.

Was Andrew Brannan’s Cirrus Logic (CRUS) stock sale under a Rule 10b5-1 plan?

Yes. A footnote states the sale was made under a Rule 10b5-1 trading plan adopted by Andrew Brannan on February 27, 2026. Such plans pre-schedule trades, meaning the timing of the June 29, 2026 sale was set in advance rather than decided spontaneously.

What is the remaining option position reported for Andrew Brannan at Cirrus Logic (CRUS)?

Following the reported option exercise, the Form 4 shows 138 non-qualified stock options remaining. These options relate to Cirrus Logic common stock, can be exercised only for vested shares, and are scheduled to expire on March 2, 2032, if not previously exercised.