Cirrus Logic (CRUS) EVP exercises 10,000 options and sells 11,171 shares

Rhea-AI Filing Summary

Cirrus Logic EVP of R&D Jeffrey W. Baumgartner reported an options exercise combined with a share sale. He exercised options to acquire 10,000 shares of common stock at an exercise price of $38.34 per share and sold 11,171 shares in an open-market transaction at a weighted average price of $171.65 per share. After these transactions, he directly owned 17,575 shares of Cirrus Logic common stock. The sale was executed under a pre-arranged Rule 10b5-1 trading plan, indicating the trades were scheduled in advance rather than timed discretionarily.

Insights

Equity compensation and insider-trading analyst

Pre-planned, routine option exercise plus partial share sale with meaningful remaining stake.

EVP of R&D Jeffrey W. Baumgartner exercised options to acquire 10,000 shares of Cirrus Logic common stock at an exercise price of $38.34. On the same date, he sold 11,171 shares at a weighted average price of $171.65, converting a portion of his equity into cash.

The filing shows 17,575 shares held directly after the transactions, so a substantial equity position remains. All option-related derivative positions referenced here appear fully exercised, with the underlying options originally expiring on May 2, 2028. The net-sell characterization in the summary reflects share sales but not the value of exercised options.

A key detail is that the sale occurred under a Rule 10b5-1 plan adopted on February 27, 2026. Such plans schedule trades in advance and typically signal routine portfolio management rather than an opportunistic trade based on short-term information. Future company filings may clarify any additional equity awards or new plans.

Insider Trade Summary 10b5-1

Net Seller: 11,171 shares ($1,917,502)

Net Sell 4 txns

Insider Baumgartner Jeffrey W

Role EVP, R&D

Sold 11,171 shs ($1.92M)

Type	Security	Shares	Price	Value
Exercise	Incentive Stock Option (right to buy)	2,609	$0.00	--
Exercise	Non-Qualified Stock Option (right to buy)	7,391	$0.00	--
Exercise	Common Stock	10,000	$38.34	$383K
Sale	Common Stock	11,171	$171.65	$1.92M

Holdings After Transaction: Incentive Stock Option (right to buy) — 0 shares (Direct, null); Non-Qualified Stock Option (right to buy) — 0 shares (Direct, null); Common Stock — 28,746 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 $168.78 to $176.30. 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 05/02/19; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 05/02/22.

Key Figures

Shares sold: 11,171 shares Sale weighted average price: $171.65 per share Sale price range: $168.78 to $176.30 +5 more

8 metrics

Shares sold 11,171 shares Open-market sale on May 29, 2026

Sale weighted average price $171.65 per share Common stock sale on May 29, 2026

Sale price range $168.78 to $176.30 Range of execution prices for sold shares

Options exercised 10,000 shares Common stock acquired via option exercise

Option exercise price $38.34 per share Strike price for exercised options

Shares held after transactions 17,575 shares Directly owned common stock post-transaction

Rule 10b5-1 plan adoption date February 27, 2026 Date pre-planned trading arrangement was adopted

Original option expiration May 2, 2028 Expiration date of exercised stock options

Key Terms

Rule 10b5-1 plan, Non-Qualified Stock Option (right to buy), Incentive Stock Option (right to buy), weighted average price, +1 more

5 terms

Rule 10b5-1 plan regulatory

"This transaction was made pursuant to a Rule 10b5-1 plan adopted"

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 (right to buy) financial

"security_title: Non-Qualified Stock Option (right to buy)"

Incentive Stock Option (right to buy) financial

"security_title: Incentive Stock Option (right to buy)"

weighted average price financial

"The price reported in Table I - Column 4 is a weighted average price."

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.

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Baumgartner Jeffrey W

(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, R&D

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

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	05/29/2026		M(1)		10,000	A	$38.34	28,746	D
Common Stock	05/29/2026		S(1)		11,171	D	$171.65(2)	17,575	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
Incentive Stock Option (right to buy)	$38.34	05/29/2026		M			2,609	(3)	05/02/2028	Common Stock	2,609	$0	0	D
Non-Qualified Stock Option (right to buy)	$38.34	05/29/2026		M			7,391	(3)	05/02/2028	Common Stock	7,391	$0	0	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 $168.78 to $176.30. 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 05/02/19; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 05/02/22.

Remarks:

	By: Gregory Scott Thomas attorney-in-fact For: Jeffrey Baumgartner	06/02/2026
	** 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 Jeffrey Baumgartner report in this Form 4?

Jeffrey W. Baumgartner reported a combined option exercise and share sale. He exercised options for 10,000 shares at $38.34 per share and sold 11,171 shares at a weighted average price of $171.65 per share, all on May 29, 2026.

How many Cirrus Logic shares did Jeffrey Baumgartner sell and at what price?

He sold 11,171 shares of Cirrus Logic common stock. The sale used a weighted average price of $171.65 per share, with individual trades executed in a price range from $168.78 to $176.30 on May 29, 2026.

How many Cirrus Logic shares does Jeffrey Baumgartner hold after these transactions?

After the reported transactions, Jeffrey W. Baumgartner directly holds 17,575 shares of Cirrus Logic common stock. This figure reflects his position following the 10,000-share option exercise and the 11,171-share open-market sale disclosed in the Form 4.

Were Jeffrey Baumgartner’s Cirrus Logic share sales under a Rule 10b5-1 trading plan?

Yes. The Form 4 footnotes state the sale was made pursuant to a Rule 10b5-1 plan adopted on February 27, 2026. Such plans pre-schedule trades, indicating the timing was set in advance rather than decided opportunistically.

What stock options did Jeffrey Baumgartner exercise in this Cirrus Logic Form 4?

He exercised options covering 10,000 shares of Cirrus Logic common stock at an exercise price of $38.34 per share. These consisted of Non-Qualified and Incentive Stock Options that were fully vested and exercisable, originally expiring on May 2, 2028.

How significant is the size of Jeffrey Baumgartner’s Cirrus Logic stock sale?

The transaction involved selling 11,171 shares while retaining 17,575 shares afterward. Because the sale was executed under a pre-arranged Rule 10b5-1 plan, it appears as a routine liquidity event rather than a complete exit from his equity position.