Ilan Haviv 4

What Happened
Ilan Haviv, Chairman, President & CEO of Texas Instruments (TXN), exercised options and sold shares on May 4, 2026. He exercised 20,000 option shares at $79.26 (cost $1,585,200) and sold 20,000 common shares in an open-market sale at a weighted average price of $280.32, yielding approximately $5,606,450. The filing also shows a derivative disposition of 20,000 shares at $0, reflecting the option conversion.

Key Details

• Transaction date: 2026-05-04 (reported on Form 4 filed 2026-05-05) — filing appears timely.
• Exercise: 20,000 shares exercised (code M) at $79.26; total cost $1,585,200.
• Sale: 20,000 shares sold (code S) at weighted average $280.32; total proceeds ~$5,606,450. Sale prices ranged $279.87–$280.755 (issuer can provide a detailed breakout per footnote).
• Derivative entry: 20,000 shares (code M) disposed at $0 — represents conversion/settlement of the exercised option.
• Shares owned after transaction: not stated in the provided filing excerpt.
• Vesting note: the option became exercisable in four equal annual installments beginning Jan 26, 2018 (footnote).

Context
This was an exercise-and-sell (cashless-like) transaction: the options were exercised and an equivalent number of shares were sold the same day. Such insider sales are common for tax payments, diversification, or other personal reasons and are not, by themselves, a definitive signal about the company’s outlook.