CRUS Insider Sale: Denise Grode Disposes 2,202 Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
Denise Grode, Executive Vice President and CHRO of Cirrus Logic, sold 2,202 shares of Cirrus Logic common stock on 09/15/2025 under a pre-established Rule 10b5-1 trading plan adopted May 30, 2025. The sales were executed at a weighted-average price of $116.8677, with individual trades ranging from $116.09 to $117.44. After the reported transactions, Grode beneficially owned 5,698 shares. The Form 4 was signed on behalf of Grode and filed to disclose these changes in beneficial ownership.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider sale under a 10b5-1 plan; disclosure aligns with compliance expectations and reduces insider holdings modestly.
The reported transaction reflects a planned disposition of shares via a Rule 10b5-1 plan adopted May 30, 2025, which typically mitigates insider trading concerns by pre-specifying trade parameters. The amount sold (2,202 shares) and the post-transaction holding (5,698 shares) are relatively small and do not suggest a change in governance or control. Disclosure appears complete with weighted-average price and price range noted; the filer offers to provide per-trade detail on request.
TL;DR: Transaction is informational for investors but unlikely to be materially price-moving given the modest size of the sale.
The sale at a weighted-average of $116.8677 across prices from $116.09 to $117.44 indicates normal execution of a pre-set plan rather than opportunistic trading. The remaining beneficial ownership of 5,698 shares should be evaluated in the context of total outstanding shares for materiality; on its face this is a routine insider sale disclosed per Section 16 requirements. The filing includes an offer to provide detailed per-trade quantities and prices upon request.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,202 | $116.8677 | $257K |
Footnotes (1)
- This transaction was made pursuant to a Rule 10b5-1 plan adopted by the reporting person on May 30, 2025. The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $116.09 to $117.44. 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.