Baumgartner Jeffrey W 4

What Happened
Jeffrey W. Baumgartner, EVP of R&D at Cirrus Logic (CRUS), exercised 10,000 stock options on May 29, 2026, paying $38.34 per share for a total cost of $383,400. On the same day he sold 11,171 shares in an open-market transaction for a weighted-average price of $171.65, generating proceeds of approximately $1,917,502. The filing also reports two derivative conversion/disposition entries (2,609 and 7,391 shares at $0.00), which together equal the 10,000 exercised shares reported.

Key Details

• Transaction date: 2026-05-29; Form 4 filed: 2026-06-02 (filed within typical 2 business days).
• Option exercise: 10,000 shares @ $38.34 = $383,400 (code M).
• Open-market sale: 11,171 shares @ weighted avg $171.65 = $1,917,502 (code S). Sales executed at prices ranging $168.78–$176.30 per share (footnote F2).
• Additional derivative entries: dispositions of 2,609 and 7,391 shares at $0.00 (together equal 10,000 shares).
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes: transaction executed under a Rule 10b5-1 plan adopted Feb 27, 2026 (F1); options were fully vested and exercisable as of 05/02/22 (F3).

Context
The filing shows exercise and same-day sales, a common pattern when executives exercise options and sell shares immediately (often effectively a cashless exercise). The sale was made under a pre-established 10b5-1 trading plan, which typically schedules trades in advance and helps avoid questions about timing. This is routine insider activity and does not, by itself, indicate the insider’s long-term view on the company.