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

Cirrus Logic EVP, R&D Jeffrey W. Baumgartner sold 1,170 shares of common stock for $168.23 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Jeffrey W. Baumgartner, EVP, R&D at Cirrus Logic, Inc., reported a transaction on June 22, 2026.
• The transaction involved the sale of 1,170 shares of common stock.
• The sale was executed at a price of $168.23 per share.
• This transaction was made under a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026.
• Following the transaction, Baumgartner beneficially owns 16,405 shares of common stock directly.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this filing as neutral to slightly negative due to the sale of shares by a key executive, despite the transaction being executed under a pre-arranged plan.

Negatives

• An executive sold a significant number of shares, which could be perceived negatively by the market, although it was executed under a pre-planned trading strategy.

Risks

• The sale of shares by a key executive could signal a lack of confidence in future stock performance, although the transaction was conducted under a Rule 10b5-1 plan, which is designed to avoid insider trading concerns.
• The price of $168.23 per share may indicate a peak or a point of concern for future price movements.

Future Outlook

The filing itself does not contain forward-looking statements or guidance. The Rule 10b5-1 plan indicates a pre-determined selling strategy, suggesting a planned divestment rather than a reaction to future outlook.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The use of a Rule 10b5-1 plan is a common strategy for executives to diversify holdings or manage personal finances without creating the appearance of trading on material non-public information. The price point of $168.23 reflects the market valuation at the time of the transaction.

Corporate Governance

Stakeholder Impact

• Shareholders: May interpret the sale as a signal of reduced confidence, although the Rule 10b5-1 plan mitigates this concern. The sale does not directly impact the company's operations or financial health.
• Employees: No direct impact.
• Creditors: No direct impact.
• Suppliers: No direct impact.
• Customers: No direct impact.

Next Steps

• Monitor future Form 4 filings for any additional transactions by Jeffrey W. Baumgartner or other Cirrus Logic executives.
• Observe the company's stock performance following this transaction and other market activities.

Key Dates

Keywords

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