THOMAS SCOTT 4

What Happened

• Thomas Scott, EVP and General Counsel of Cirrus Logic, exercised stock options and immediately sold the resulting 3,239 shares on February 13, 2026. The exercise cost was $54.65 per share (total $177,011). The shares were sold in the open market at a weighted average price of $141.63 per share, generating approximately $458,740 in proceeds. The Form 4 also reports the derivative (the option) as disposed in connection with the exercise.

Key Details

• Transaction date: 2026-02-13 (exercise and sale).
• Exercise: 3,239 shares @ $54.65 = $177,011 (code M).
• Sale: 3,239 shares @ weighted avg $141.63 = $458,740 (code S). Sales occurred at prices ranging from $140.38 to $142.93 (see footnote F2).
• Footnote F1: The sale was made pursuant to a Rule 10b5-1 plan adopted Nov 14, 2025.
• Footnote F3: The option was fully vested (final vesting completed Nov 2, 2020).
• Shares owned after the transaction: not provided in the excerpt of the filing.
• Filing timeliness: Form filed with a report date of 2026-02-13; no late filing is indicated in this record.

Context

• This was effectively a cashless exercise: options were exercised and the acquired shares were sold the same day. Sales under a pre-established 10b5-1 plan are typically pre-arranged automated trades and should be interpreted as routine insider liquidity rather than a discretionary directional bet.
• The weighted-average sale price is reported; the filer will provide a breakdown of the number of shares sold at each separate price within the $140.38–$142.93 range to any Cirrus Logic security holder or the SEC staff upon request (per F2).