DAVERN ALEXANDER M 4

What Happened
Alexander Davern, a director of Cirrus Logic (CRUS), reported the sale of 1,000 shares on February 20, 2026. The sale was reported at $140.00 per share, for a total value of $140,000. The filing lists the transaction as an "Open market or private sale" (code S), indicating a disposition of shares rather than a purchase.

Key Details

• Transaction date: 2026-02-20
• Price per share: $140.00; Total value: $140,000
• Transaction type/code: Sale (S) — reported as "Open market or private sale"
• Shares owned after transaction: Not specified in the excerpt of the filing provided
• Footnotes/plan references: No 10b5-1 plan, tax withholding, or other footnotes disclosed in the provided data
• Filing timeliness: Report filed 2026-02-24 (within the Form 4 two-business-day window), so the filing appears timely

Context
This was a straightforward sale by a company director. Sales are common for insiders for many reasons and — unlike purchases — typically provide less direct evidence of insider confidence in future stock performance. No option exercises, gifts, or derivative transactions were reported in this filing.