Form 4: Cirrus Logic EVP Sells Shares Under 10b5-1 Plan

Cirrus Logic's EVP of Global Operations, Justin E. Dougherty, sold 1,542 shares of common stock for $108.08 per share under a pre-planned Rule 10b5-1 program.

Summary

• Justin E. Dougherty, Executive Vice President of Global Operations at Cirrus Logic, Inc. (CRUS), reported a sale of company common stock.
• The transaction occurred on August 12, 2025.
• Dougherty disposed of 1,542 shares of common stock.
• The shares were sold at a price of $108.08 per share.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating it was a pre-scheduled sale.
• Following this transaction, Dougherty beneficially owns 4,792 shares of Cirrus Logic common stock.

Sentiment

Score: 5

Explanation: The filing reports an insider stock sale, which can be perceived negatively. However, the sale was conducted under a Rule 10b5-1 plan, indicating it was pre-scheduled and not based on new, non-public information, which mitigates the negative sentiment.

Positives

• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating it was a pre-scheduled sale and not based on new, non-public information.

Negatives

• An executive sold 1,542 shares of company common stock.

Future Outlook

This filing, an SEC Form 4, reports a past insider transaction and does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This insider transaction is specific to Cirrus Logic and does not directly relate to broader industry trends or competitor activities, beyond the general context of executive stock management within the semiconductor or audio technology sectors.

Stakeholder Impact

• Shareholders: May interpret the insider sale differently; some might view it as a negative signal, while others will recognize it as a routine, pre-planned transaction under a 10b5-1 plan, which is less indicative of a change in management's outlook.

Key Dates

Recommendation

The filing reports a routine insider stock sale by an executive under a pre-planned 10b5-1 program. While insider sales can sometimes signal a lack of confidence, the pre-scheduled nature of this transaction suggests it is not based on new, material non-public information. Therefore, this single transaction alone does not provide sufficient new information to alter an existing investment thesis, warranting a 'hold' recommendation.

Keywords

Cirrus Logic, CRUS, insider trading, Form 4, stock sale, executive compensation, Justin E. Dougherty, 10b5-1 plan