Brannan Andrew 4

What Happened

• Andrew Brannan, EVP Worldwide Sales of Cirrus Logic (CRUS), exercised stock options to acquire 6,464 shares at $88.00 per share (cost $568,832) and sold the 6,464 shares the same day in an open-market transaction for a weighted average price of $144.71, generating proceeds of about $935,405.

Key Details

• Transaction date: 2026-06-29; Form 4 filed 2026-06-30 (timely).
• Exercise/acquisition: 6,464 shares exercised at $88.00 each = $568,832.
• Sale/disposition: 6,464 shares sold at a weighted average $144.71 = $935,405; reported sale prices ranged $144.76–$147.73 (see footnote F2).
• 10b5-1 plan: Sale executed pursuant to a Rule 10b5-1 plan adopted by Brannan on 2026-02-27 (footnote F1).
• Vesting: Options were fully vested as of 2026-03-02 (footnote F3).
• Shares owned after transaction: Not stated in the filing.
• Derivative line at $0: The filing also shows a derivative conversion/disposition at $0, which reflects the option exercise/settlement associated with these shares.

Context

• This was effectively a same-day exercise-and-sell (cashless) transaction executed under a prearranged 10b5-1 plan. Sales by executives are often routine or for liquidity/tax purposes; purchases typically provide stronger indications of insider conviction. This filing does not indicate any change in company control or a 10% owner transaction.