Form 4: Cirrus Logic Director Alexander Davern Sells 1,000 Shares

Alexander Davern, a director at Cirrus Logic, sold 1,000 shares of common stock at a price of $115.85 on May 29, 2024.

Summary

• On May 29, 2024, Alexander Davern, a director of Cirrus Logic, Inc. (CRUS), sold 1,000 shares of the company's common stock.
• The transaction was executed at a price of $115.85 per share.
• Following the transaction, Davern directly owns 19,332 shares of Cirrus Logic common stock.

Sentiment

Score: 5

Explanation: This is a routine disclosure of a stock sale by a company director. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency into insider transactions.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like directors and officers, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the transaction.

Key Dates