Baumgartner Jeffrey W 4
4 · CIRRUS LOGIC, INC. · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
Cirrus Logic (CRUS) EVP Jeffrey Baumgartner Sells Shares After Option Exercise
What Happened
Jeffrey W. Baumgartner, EVP R&D of Cirrus Logic, exercised stock options that resulted in the acquisition of 3,907 shares at an exercise price of $41.49 (cost $162,101) and immediately sold 3,907 shares in the open market for total proceeds of $658,486 (weighted-average price $168.54). The Form 4 also reports dispositions of 804 and 3,103 shares at $0.00 each (see Key Details for note).
Key Details
- Transaction date: 2026-06-02; Form 4 filed 2026-06-04 (timely filing).
- Exercise: 3,907 shares acquired at $41.49 = $162,101. (Option fully vested as of 11/07/22 per footnote.)
- Sale: 3,907 shares sold in open market, weighted-average price $168.54, proceeds $658,486. Footnote states sale prices ranged from $165.27 to $170.66; detailed breakdown available on request.
- Additional entries: dispositions of 804 and 3,103 shares at $0.00 each (reported as derivative dispositions). These zero-price dispositions commonly reflect shares withheld to satisfy tax withholding or option settlement.
- Plan note: The open-market sale was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2026-02-27.
- Shares owned after the transaction: Not provided in the excerpt of the filing.
Context
This was an option exercise followed by an immediate open-market sale (a cashless exercise pattern). The presence of a 10b5-1 plan indicates the sale was prearranged. The transaction combines an exercise (derivative activity) with an executed sell — informative about liquidity/tax settlement but not necessarily a directional signal about the executive’s view on the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-06-02$41.49/sh+3,907$162,101→ 21,482 total - Sale
Common Stock
[F1][F2]2026-06-02$168.54/sh−3,907$658,486→ 17,575 total - Exercise/Conversion
Incentive Stock Option (right to buy)
[F3]2026-06-02−804→ 0 totalExercise: $41.49Exp: 2028-11-07→ Common Stock (804 underlying) - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F3]2026-06-02−3,103→ 0 totalExercise: $41.49Exp: 2028-11-07→ Common Stock (3,103 underlying)
Footnotes (3)
- [F1]This transaction was made pursuant to a Rule 10b5-1 plan adopted by the reporting person on February 27, 2026.
- [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 $165.27 to $170.66. 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 11/07/19; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 11/07/22.