STATA RAY 4
4 · ANALOG DEVICES INC · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Analog Devices (ADI) Director Ray Stata Sells 6,250 Shares
What Happened
- Ray Stata, a director of Analog Devices, reported multiple open‑market sales on March 10–11, 2026 totaling 6,250 shares for aggregate gross proceeds of approximately $1,996,232. Individual sale prices reported (weighted averages where applicable) ranged roughly from $317.38 to $323.14 per share.
- In addition, Stata received an award (747 Restricted Stock Units) on March 11, 2026 (reported as acquired at $0.00). Per the filing, these RSUs are an annual non‑employee director grant that will vest 100% on the earlier of March 11, 2027 or the company’s next annual meeting and convert one‑for‑one into common shares upon vesting.
Key Details
- Transaction dates: sales on 2026-03-10 and 2026-03-11; RSU grant dated 2026-03-11. Form 4 filed 2026-03-12 (timely; within the 2‑business‑day requirement).
- Sales: 6,250 shares sold; aggregate proceeds ≈ $1,996,232; per‑trade prices reported between ~$317.38 and ~$323.14 (many entries reflect weighted averages of multiple executions).
- Grant: 747 RSUs (annual non‑employee director award), vesting terms: 100% on earlier of 3/11/2027 or next annual meeting (then convert into shares).
- Notable footnotes: some sales were executed pursuant to a pre‑arranged 10b5‑1 plan (adopted Jan 9, 2025); several disposals are aggregated weighted‑average prices and the filer offers to provide breakdowns on request.
- Shares owned after the transactions: not specified in the provided filing excerpt.
Context
- Sales by non‑employee directors are often routine (e.g., diversification, tax planning). The presence of a 10b5‑1 plan indicates at least some sales were pre‑arranged and not necessarily a contemporaneous signal of view on the company.
- The RSU award is a standard annual director compensation item and vests in the future; it does not immediately increase voting shares until conversion at vesting.
Insider Transaction Report
Form 4
STATA RAY
Director
Transactions
- Award
Comm Stock - $.16-2/3 value
[F12]2026-03-11+747→ 121,607 total - Sale
Comm Stock - $.16-2/3 value
[F1][F2]2026-03-10$317.90/sh−608$193,286→ 126,502 total - Sale
Comm Stock - $.16-2/3 value
[F1][F3]2026-03-10$319.15/sh−539$172,020→ 125,963 total - Sale
Comm Stock - $.16-2/3 value
[F1][F4]2026-03-10$320.14/sh−876$280,445→ 125,087 total - Sale
Comm Stock - $.16-2/3 value
[F1][F5]2026-03-10$321.06/sh−523$167,916→ 124,564 total - Sale
Comm Stock - $.16-2/3 value
[F1][F6]2026-03-10$322.22/sh−229$73,788→ 124,335 total - Sale
Comm Stock - $.16-2/3 value
[F1][F7]2026-03-10$323.14/sh−350$113,099→ 123,985 total - Sale
Comm Stock - $.16-2/3 value
[F1][F8]2026-03-11$317.38/sh−372$118,066→ 123,613 total - Sale
Comm Stock - $.16-2/3 value
[F1][F9]2026-03-11$318.11/sh−1,100$349,918→ 122,513 total - Sale
Comm Stock - $.16-2/3 value
[F1][F10]2026-03-11$319.10/sh−1,439$459,190→ 121,074 total - Sale
Comm Stock - $.16-2/3 value
[F1][F11]2026-03-11$319.99/sh−186$59,519→ 120,888 total - Sale
Comm Stock - $.16-2/3 value
[F1]2026-03-11$320.88/sh−28$8,985→ 120,860 total
Holdings
- 652,221(indirect: By Mrs. Stata Directly)
Comm Stock - $.16-2/3 value
Footnotes (12)
- [F1]These shares were sold pursuant to a 10b5-1 plan adopted by the Reporting Person on January 9, 2025.
- [F10]These shares were disposed of in multiple transactions at actual sales prices ranging from $318.63 to $319.58 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F11]These shares were disposed of in multiple transactions at actual sales prices ranging from $319.635 to $320.395 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F12]Annual grant to non-employee director of Restricted Stock Units (RSUs) that vest 100% on the earlier of March 11, 2027 or the date of the Company's next Annual Meeting of Shareholders. Upon the vesting date, each vested RSU shall automatically convert into one (1) share of common stock of the Company.
- [F2]These shares were disposed of in multiple transactions at actual sales prices ranging from $317.47 to $318.35 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F3]These shares were disposed of in multiple transactions at actual sales prices ranging from $318.585 to $319.56 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F4]These shares were disposed of in multiple transactions at actual sales prices ranging from $319.635 to $320.625 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F5]These shares were disposed of in multiple transactions at actual sales prices ranging from $320.64 to $321.625 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F6]These shares were disposed of in multiple transactions at actual sales prices ranging from $321.68 to $322.595 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F7]These shares were disposed of in multiple transactions at actual sales prices ranging from $322.72 to $323.675 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F8]These shares were disposed of in multiple transactions at actual sales prices ranging from $316.62 to $317.60 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F9]These shares were disposed of in multiple transactions at actual sales prices ranging from $317.625 to $318.62 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
Signature
/s/ Shelly Shaw, General Counsel, by Power of Attorney|2026-03-12