Bluedorn Todd M 4

What Happened
Todd M. Bluedorn, a director of Texas Instruments (TXN), exercised 4,306 stock options and immediately disposed of the 4,306 underlying shares on April 24, 2026. He paid $110.15 per share to exercise (total cost $474,306) and sold the shares in the open market at a weighted average price of $274.25, generating gross proceeds of about $1,180,930. This sequence is effectively an option exercise followed by an immediate sale (often described as a cashless or sell-to-cover-style transaction).

Key Details

• Transaction date: 2026-04-24; Form 4 filed: 2026-04-27 (filed within the SEC 2-business-day window).
• Exercise: 4,306 shares acquired at $110.15/share for $474,306 (code M).
• Sale: 4,306 shares sold in open market at a weighted average $274.25/share for ~$1,180,930 (code S). Sales ranged from $273.94 to $274.40 (footnote F1).
• Derivative reporting: the option that was exercised is reported as terminated/disposed (price reported $0.00) in the filing.
• Vesting note: the option became exercisable in four equal annual installments beginning Jan 25, 2019 (footnote F2).
• Shares owned after the transaction: not specified in the provided filing details.

Context
This is a routine insider exercise-and-sale rather than an outright open-market purchase — the director converted vested options into shares and sold them. Such transactions are common for realizing gains from vested equity and do not by themselves indicate management’s view of the company’s future prospects.