THOMAS SCOTT 4

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.