Form 4: Analog Devices Director Sells Shares Under 10b5-1 Plan

Analog Devices Director Ray Stata sold a total of 6,250 shares of common stock over two days in early November 2025, pursuant to a pre-arranged 10b5-1 plan.

Summary

• Ray Stata, a Director of Analog Devices Inc. (ADI), disposed of 6,250 shares of common stock.
• The sales occurred on November 4, 2025, and November 5, 2025.
• These transactions were executed under a Rule 10b5-1 plan adopted by Mr. Stata on January 9, 2025.
• On November 4, 2025, 3,125 shares were sold at weighted average prices ranging from $229.446 to $233.74 per share.
• On November 5, 2025, 3,125 shares were sold at weighted average prices ranging from $231.748 to $237.996 per share.
• Following these transactions, Mr. Stata directly beneficially owns 139,446 shares of common stock.
• Additionally, 652,221 shares are indirectly beneficially owned by Mrs. Stata Directly.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-scheduled insider transaction under a 10b5-1 plan, which is generally considered neutral in terms of company sentiment as it reflects personal financial planning rather than a reaction to new company-specific information.

Industry Context

This filing represents a routine insider transaction, specifically a pre-scheduled sale of shares by a director. Such transactions, when conducted under a 10b5-1 plan, are generally considered less indicative of management's immediate outlook on the company's performance compared to unscheduled sales, as they are set up in advance to avoid accusations of trading on material non-public information. This is a common practice among executives and directors in the semiconductor and broader technology industry for personal financial planning.

Stakeholder Impact

• Shareholders: May note the director's sale, but the 10b5-1 plan context typically mitigates concerns about insider sentiment.

Key Dates

Recommendation

The filing reports a pre-scheduled sale of shares by a director under a 10b5-1 plan, which is a routine insider transaction and does not inherently signal a change in the company's fundamental outlook or warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate based solely on this filing.

Keywords

Analog Devices, ADI, Ray Stata, Insider Trading, Stock Sale, Form 4, 10b5-1 Plan, Director