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

Andrew Brannan, EVP of Worldwide Sales at Cirrus Logic, executed a Rule 10b5-1 plan transaction involving the sale of company stock.

Summary

• Andrew Brannan, Executive Vice President of Worldwide Sales at Cirrus Logic, Inc., engaged in a stock transaction on June 29, 2026.
• This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 27, 2026.
• Brannan acquired 6,464 shares of common stock at a price of $88 per share.
• Subsequently, Brannan disposed of 6,464 shares of common stock at a weighted average price of $144.71, with individual sales ranging from $144.76 to $147.73.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. While it involves an executive selling stock, the transaction is conducted under a pre-established 10b5-1 plan, mitigating concerns of opportunistic insider trading.

Positives

• The transaction was executed under a Rule 10b5-1 plan, indicating pre-planned trading activity designed to avoid insider trading concerns.
• The sale occurred at a price significantly higher than the acquisition price, suggesting a profitable transaction for the executive.

Negatives

• An executive is selling a significant number of shares, which could be perceived negatively by the market.
• The sale of 6,464 shares reduces the executive's direct beneficial ownership.

Risks

• Potential for negative market perception due to insider selling.
• The weighted average sale price of $144.71 might be subject to further detailed reporting upon request.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding future company performance. It solely reports a past transaction by an executive.

Management Comments

• The transaction was made pursuant to a Rule 10b5-1 plan adopted by the reporting person on February 27, 2026.
• The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $144.76 to $147.73. The reporting person will provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to any security holder of Cirrus Logic, Inc. or the staff of the SEC upon request.
• Only vested shares can be exercised under this option. 25% of the shares vested on 3/2/23; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 3/2/26.

Industry Context

StockSavvy.ai notes that Form 4 filings reporting stock sales by executives are common in the semiconductor industry, often executed under Rule 10b5-1 plans to diversify executive holdings or meet financial obligations.

Stakeholder Impact

• Shareholders: May interpret the executive's sale as a signal, though the 10b5-1 plan mitigates negative sentiment.
• Employees: The transaction does not directly impact employee stock options or benefits.
• Creditors: No direct impact on creditors.

Next Steps

• The reporting person may provide further details on the sale prices upon request from security holders or the SEC staff.

Key Dates

Keywords

Form 4, Insider Trading, Rule 10b5-1, Stock Sale, Cirrus Logic, CRUS, Executive Compensation, Beneficial Ownership