Baumgartner Jeffrey W 4

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.