Form 4: Cirrus Logic EVP Exercises Options, Sells Shares

Cirrus Logic's EVP of R&D, Jeffrey W. Baumgartner, executed a pre-planned transaction, exercising stock options and selling common stock.

Summary

• Jeffrey W. Baumgartner, EVP, R&D of Cirrus Logic, Inc. (CRUS), engaged in a pre-planned transaction on September 2, 2025.
• The transaction was executed under a Rule 10b5-1 plan adopted on August 20, 2024.
• Exercised 10,000 non-qualified stock options at an exercise price of $38.34 per share.
• Concurrently sold 10,000 shares of common stock at a weighted average price of $111.7811 per share.
• The sale involved multiple transactions with prices ranging from $111.05 to $112.47.
• Following these transactions, beneficial ownership of common stock decreased to 14,001 shares, and derivative securities (options) decreased to 7,391.

Sentiment

Score: 6

Explanation: The filing reports a routine, pre-planned insider transaction (exercise of options and sale of shares) under a Rule 10b5-1 plan. While an executive selling shares can sometimes be viewed negatively, the pre-planned nature mitigates this. The executive realized a substantial profit, which is a positive for the individual but neutral for the company's immediate outlook.

Positives

• The executive realized a significant profit from exercising options and selling shares, with the sale price substantially higher than the exercise price ($111.7811 vs. $38.34).
• The transaction was conducted under a pre-arranged Rule 10b5-1 plan, indicating a planned liquidity event rather than a reaction to new, non-public information.

Negatives

• An executive selling shares, even under a 10b5-1 plan, can sometimes be perceived by the market as a lack of confidence, though this is mitigated by the pre-planned nature.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The sale of 10,000 shares by an executive represents a minor increase in the public float. The pre-planned nature under Rule 10b5-1 suggests it is a personal liquidity event rather than a signal about company performance.

Key Dates

Keywords

Cirrus Logic, CRUS, Insider Trading, Form 4, Stock Option Exercise, Share Sale, Jeffrey Baumgartner, 10b5-1 Plan, Executive Compensation, Equity Transaction