THOMAS SCOTT 4

4 · CIRRUS LOGIC, INC. · Filed Apr 10, 2026

AI-generated summary of this filing

Updated Apr 10, 2026

Cirrus Logic (CRUS) EVP Scott Exercises Options, Sells Shares

What Happened

Scott Thomas, EVP and General Counsel of Cirrus Logic, exercised 9,942 stock options on 2026-04-09 at an exercise price of $68.56 per share (total cost ≈ $681,624) and sold the 9,942 shares the same day in an open-market transaction for a weighted average price of $160.11 per share (total proceeds ≈ $1,591,814). The filing also records the option conversion (derivative disposed) related to the exercise.

Key Details

Transaction date: 2026-04-09; Form 4 filed 2026-04-10 (timely).
Exercise: 9,942 shares @ $68.56 (≈ $681,624 outlay).
Sale: 9,942 shares @ weighted avg $160.11 (≈ $1,591,814 proceeds); sale prices ranged $160.00–$160.30 per F2.
Plan/authorization: Sale was executed under a Rule 10b5-1 plan adopted by Scott on November 14, 2025 (F1).
Vesting: Options were fully vested and exercisable as of 11/6/23 (F3).
Shares owned after the transaction: not specified in the data provided in this summary.

Context

This is a same-day exercise-and-sell (cashless-style) transaction: Scott exercised options to obtain shares and then sold those shares. Such transactions commonly address tax liabilities or liquidity needs and are not, by themselves, a clear signal of bullish or bearish insider sentiment.
The presence of a 10b5-1 trading plan indicates the sales were preplanned.

Form 4

Period: 2026-04-09

EVP, General Counsel

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-04-09$68.56/sh+9,942$681,624→ 40,335 total
Sale
Common Stock
[F1][F2]
2026-04-09$160.11/sh−9,942$1,591,814→ 30,393 total
Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F3]
2026-04-09−9,942→ 0 total
Exercise: $68.56Exp: 2029-11-06→ Common Stock (9,942 underlying)

Footnotes (3)

[F1]This transaction was made pursuant to a Rule 10b5-1 plan adopted by the reporting person on November 14,2025.
[F2]The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $160.00 to $160.30. The reporting person will provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to any security holder of Cirrus Logic, Inc. or the staff of the SEC upon request.
[F3]Only vested shares can be exercised under this option. 25% of the shares vested on 11/6/20; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 11/6/23.

Signature

Gregory Scott Thomas|2026-04-10

1 file