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[Form 4] Cirrus Logic Inc Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Catherine P. Lego, a director of Cirrus Logic (CRUS), reported two equity transactions. On 07/26/2025, 1,624 restricted stock units (RSUs) fully vested and automatically converted into an equal number of common shares at $0 cost (Code A). Her direct ownership rose to 9,710 shares; she also continues to hold 3,000 shares indirectly through a trust.

On 07/29/2025, Lego received a new grant of 1,998 RSUs (Code A). These units will vest 100% on the earlier of the next annual meeting or 07/29/2026, leaving her with 1,998 unvested RSUs outstanding. Following the settlement of the vested RSUs, no derivative securities remain outstanding from the prior grant.

No shares were sold, and all activity represents equity accumulation by the director, signaling continued alignment with shareholders but involving a relatively small share count versus Cirrus Logic’s total shares outstanding.

Positive
  • Director increased direct share ownership by 1,624 shares, indicating continued alignment with shareholder interests.
  • New 1,998-unit RSU grant supports board retention and long-term incentive alignment.
Negative
  • None.

Insights

TL;DR: Director adds 1.6k shares, receives 2k new RSUs; minor but positive alignment, immaterial to float.

The filing shows voluntary share accumulation by Director Catherine Lego via RSU vesting, plus a fresh award timed with board re-election. Because transactions were at no cost and no shares were sold, the signal is directionally positive. However, the net 1,624 shares added represent less than 0.01% of CRUS’s ~55 million share count, limiting market impact. The new 1,998-unit grant is standard board compensation. Overall, the filing confirms management retention and alignment but is not financially material to valuation or liquidity.

TL;DR: Routine Form 4; confirms director engagement, no red flags.

From a governance angle, the award size and one-year cliff vesting mirror Cirrus Logic’s standard non-employee director plan, supporting board continuity. Absence of disposals suggests the director’s confidence, while the trust holding structure is transparent. No accelerated vesting or unusual pricing is noted. Hence, the disclosure is routine and not impactful for governance risk assessment.

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*
Lego Catherine P

(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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/26/2025
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(1) 07/26/2025 (2) A 1,624 A $0 9,710 D
Common Stock 3,000 I by Trust(3)
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
Restricted Stock Units (1) 07/26/2025 M 1,624 07/26/2025 (2) Common Stock 1,624 $0 0 D
Restricted Stock Units (4) 07/29/2025 A 1,998(5) (6) (6) Common Stock 1,998 $0 1,998 D
Explanation of Responses:
1. Each restricted stock unit was the economic equivalent of one share of common stock. The restricted stock units vested on July 26, 2025.
2. Expiration Date of July 26, 2025.
3. These shares are held in the Catherine Pierson Lego Trust UA DTD 05/09/07, of which the Reporting Person is the sole trustee and the sole beneficiary.
4. Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.
5. Restricted Stock Units granted upon re-election to Cirrus Logic, Inc.'s Board of Directors.
6. 100% of the restricted stock units will vest on the earlier of: (a) the date of the Company's next Annual Meeting or (b) on July 29,2026, the 1-year anniversary of the grant date.
Remarks:
By: Gregory Scott Thomas attorney-in-fact For: Catherine Lego 07/29/2025
** 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.

FAQ

How many Cirrus Logic shares did Director Catherine Lego acquire?

1,624 common shares were acquired upon RSU vesting on 07/26/2025.

What is Catherine Lego’s total direct shareholding after the transaction?

Her direct ownership is 9,710 CRUS shares.

Did the director sell any Cirrus Logic shares?

No. All reported activity was acquisitions; no dispositions were made.

How many unvested RSUs does the director now hold?

She holds 1,998 unvested RSUs granted on 07/29/2025.

When will the newly granted RSUs vest?

They vest 100% on the earlier of the next annual meeting or 07/29/2026.

Does Catherine Lego have indirect ownership in CRUS?

Yes, 3,000 shares are held indirectly through a personal trust.
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