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

Cirrus Logic EVP and CHRO Denise Grode sold 2,202 shares of common stock for approximately $116.87 per share under a pre-arranged Rule 10b5-1 plan.

Summary

• Denise Grode, Executive Vice President and Chief Human Resources Officer (EVP, CHRO) of Cirrus Logic, Inc. (CRUS), reported a transaction.
• On September 15, 2025, Grode disposed of 2,202 shares of Common Stock.
• The shares were sold at a weighted average price of $116.8677 per share, with individual transaction prices ranging from $116.09 to $117.44.
• This transaction was executed pursuant to a Rule 10b5-1 plan, which was adopted by Grode on May 30, 2025.
• Following this transaction, Denise Grode beneficially owns 5,698 shares of Cirrus Logic Common Stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral. The transaction is a pre-planned insider sale, which is a routine event and does not reflect new information about the company's performance or outlook. The reduction in insider ownership is minor relative to the company's size.

Positives

• The transaction was conducted under a pre-arranged Rule 10b5-1 plan, indicating a scheduled sale not based on immediate, non-public information, which enhances transparency and reduces concerns about opportunistic insider selling.

Negatives

• The sale resulted in a reduction of 2,202 shares from the reporting person's direct beneficial ownership in the company.

Risks

• While executed under a 10b5-1 plan, any insider selling, regardless of its pre-planned nature, can sometimes be perceived negatively by the market, potentially leading to minor shifts in investor sentiment.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future financial performance or strategic direction.

Industry Context

Insider transactions, particularly those executed under Rule 10b5-1 plans, are a routine part of executive compensation and personal financial management across various industries. They provide transparency into executive stock holdings and planned sales, distinguishing them from opportunistic trading.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in insider ownership, which is generally not a significant concern given the pre-planned nature of the transaction. It provides transparency regarding executive stock movements.

Key Dates

Recommendation

This Form 4 reports a routine, pre-planned insider stock sale by an executive. The transaction size is relatively small for a company of Cirrus Logic's market capitalization and was executed under a Rule 10b5-1 plan, which mitigates concerns about opportunistic trading. This filing does not provide new fundamental information that would warrant a change in investment thesis. Therefore, a 'hold' recommendation is maintained, pending further operational or financial updates from the company.

Keywords

Cirrus Logic, CRUS, Insider Trading, Form 4, Denise Grode, Stock Sale, 10b5-1 Plan, Executive Compensation