STATA RAY 4

What Happened
Director Stata Ray reported open‑market sales of a total 6,250 shares of Analog Devices (ADI) on February 4–5, 2026. The disposals totaled approximately $1,996,204 (weighted average price ≈ $319.39 per share). All transactions are coded as sales (S) and many were executed pursuant to a 10b5‑1 trading plan.

Key Details

• Transaction dates: February 4 and February 5, 2026.
• Total shares sold: 6,250; total proceeds: ~$1.996M; weighted average price ≈ $319.39/share.
• Reported individual lots and values (examples): 412 shares @ $313.21 ($129,043); 660 @ $320.87 ($211,773); 674 @ $322.31 ($217,238); 364 @ $324.58 ($118,147); 140 @ $325.71 ($45,600).
• Notable footnotes: F1 — some sales were pursuant to a 10b5‑1 plan adopted Jan 9, 2025. Multiple reported line items aggregate sales executed at several different prices; the filer states weighted‑average prices are shown and will provide per‑trade breakdown on request (various footnotes F2–F22).
• Shares owned after the transactions: not specified in the provided filing summary.
• Filing timeliness: Form 4 was filed Feb 6, 2026 for trades on Feb 4–5, which appears to be timely under Section 16 reporting (filed within the typical 2 business‑day window).

Context

• These were open‑market sales (S) — such sales are often routine, especially when made under a pre‑arranged 10b5‑1 plan; they do not by themselves indicate company‑level insider confidence or alarm.
• Several line items represent aggregated multiple trades reported at weighted‑average prices; contact the SEC staff, the issuer, or a security holder for the detailed per‑share prices if needed.