STATA RAY 4

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.