Form 4: Cirrus Logic EVP Sells Shares Under 10b5-1 Plan
Insider Transaction Report
Cirrus Logic's EVP and General Counsel, Scott Thomas, exercised stock options and subsequently sold 734 common shares under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Scott Thomas, EVP, General Counsel of Cirrus Logic, Inc. (CRUS), reported transactions on October 20, 2025.
- The transactions were executed pursuant to a Rule 10b5-1 plan adopted on August 9, 2024.
- Thomas exercised an incentive stock option to acquire 734 shares of common stock at an exercise price of $31.25 per share.
- Concurrently, Thomas sold 734 shares of common stock at a price of $131.25 per share.
- Following these transactions, Thomas beneficially owns 26,307 shares of Cirrus Logic common stock directly.
- The incentive stock option was fully vested and exercisable on November 4, 2019, with an expiration date of November 4, 2025.
Sentiment
Score: 5
Explanation: The transaction is neutral. While an executive selling shares can sometimes be viewed negatively, this was a pre-planned sale under a Rule 10b5-1 plan, indicating a routine liquidity event rather than a signal of lack of confidence. The executive also realized a significant profit from the option exercise.
Positives
- The executive realized a significant profit from exercising options at $31.25 and selling at $131.25.
- The transaction was conducted under a pre-arranged Rule 10b5-1 plan, indicating a planned and transparent sale rather than an opportunistic one.
Negatives
- The sale of shares by an executive reduces their direct ownership in the company.
Future Outlook
NA
Industry Context
This transaction is a routine insider trading report for an executive exercising stock options and selling shares, which is common across various industries. It does not provide specific insights into broader industry trends for the semiconductor or audio technology sectors where Cirrus Logic operates.
Stakeholder Impact
- Shareholders: The sale of 734 shares represents a minor reduction in executive ownership, which is generally not significant enough to materially impact shareholder sentiment or company valuation, especially given it was pre-planned.
Key Dates
| Date | Description |
|---|---|
| 11/04/2016 | 25% of incentive stock option shares vested. |
| 11/04/2019 | Remaining incentive stock option shares fully vested and exercisable. |
| 08/09/2024 | Rule 10b5-1 plan adopted by the reporting person. |
| 10/20/2025 | Date of reported stock option exercise and common stock sale transactions. |
| 10/22/2025 | Signature date of the reporting person on the Form 4 filing. |
| 11/04/2025 | Expiration date of the incentive stock option. |
Keywords
Cirrus Logic, CRUS, Insider Trading, Form 4, Stock Option Exercise, Share Sale, Rule 10b5-1, Executive Compensation, Scott Thomas
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