Form 4: Cirrus Logic EVP Sells Shares Under 10b5-1 Plan
Insider Transaction Report
Cirrus Logic's EVP and General Counsel, Scott Thomas, reported the exercise of stock options and subsequent sale of common stock totaling 3,239 shares under a pre-arranged 10b5-1 plan.
Summary
- Scott Thomas, EVP and General Counsel of Cirrus Logic, Inc., reported transactions involving the company's common stock.
- On February 13, 2026, Thomas acquired 3,239 shares of Common Stock by exercising an Incentive Stock Option at a price of $54.65 per share.
- Immediately following the exercise, Thomas disposed of 3,239 shares of Common Stock through a sale at a weighted average price of $141.63 per share.
- The sale price ranged from $140.38 to $142.93 per share.
- Both transactions were executed pursuant to a Rule 10b5-1 plan adopted by Thomas on November 14, 2025.
- After these transactions, Thomas beneficially owns 30,393 shares of Cirrus Logic Common Stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event. The transactions are routine insider activity under a pre-arranged 10b5-1 plan, indicating personal financial management rather than a specific positive or negative signal about the company's immediate prospects.
Positives
- The executive realized significant value from previously granted stock options, indicating the company's stock price appreciation since the option grant date.
- The transactions were conducted under a pre-arranged Rule 10b5-1 plan, which demonstrates a structured approach to personal financial management and reduces concerns about opportunistic insider trading.
Negatives
- The sale of shares by an executive, even under a 10b5-1 plan, reduces their direct ownership stake in the company, which some investors might interpret as a slight reduction in alignment of interests, though it is a common practice for liquidity and diversification.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
StockSavvy.ai notes that insider transactions, particularly those executed under Rule 10b5-1 plans, are a routine aspect of executive compensation and personal financial management across all industries. They typically do not reflect specific industry trends or competitive positioning.
Comparison to Industry Standards
- Not applicable to this type of filing, as Form 4 reports individual insider transactions rather than company performance metrics that can be benchmarked against industry standards.
Stakeholder Impact
- Shareholders: The sale of shares by an executive could be viewed neutrally or slightly negatively, but the 10b5-1 plan mitigates concerns about opportunistic selling. The executive still retains a significant number of shares.
- Employees: No direct impact on employees is indicated by this filing.
- Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 2017-11-02 | 25% of the Incentive Stock Option shares vested and became exercisable. |
| 2020-11-02 | The Incentive Stock Option was fully vested and exercisable. |
| 2025-11-14 | Date the Rule 10b5-1 plan was adopted by the reporting person. |
| 2026-02-13 | Date of the reported stock option exercise and subsequent sale of common stock. |
| 2026-11-02 | Expiration date of the Incentive Stock Option. |
Keywords
Cirrus Logic, CRUS, Insider Trading, Form 4, Stock Option Exercise, Stock Sale, 10b5-1 Plan, Executive Compensation
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