Form 4: Cirrus Logic EVP, Jeffrey Baumgartner, Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Jeffrey Baumgartner, EVP of R&D at Cirrus Logic, sold 2,051 shares of common stock at $100 per share on February 3, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On February 3, 2025, Jeffrey W Baumgartner, EVP of R&D at Cirrus Logic, sold 2,051 shares of Cirrus Logic common stock.
- The sale was executed at a price of $100 per share.
- Following the transaction, Baumgartner directly owns 8,330 shares of Cirrus Logic common stock.
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on August 20, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock sale under a pre-arranged plan, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| August 20, 2024 | Date the reporting person adopted the Rule 10b5-1 plan |
| February 3, 2025 | Date of the transaction (stock sale) |
| February 5, 2025 | Date of signature on the Form 4 filing |
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