Baumgartner Jeffrey W 4

What Happened Jeffrey W. Baumgartner, Executive Vice President of R&D at Cirrus Logic (CRUS), sold 1,170 shares on June 22, 2026. The shares were disposed of at $168.23 per share for a total transaction value of approximately $196,829. This was a sale (not a purchase), and the filing indicates it was executed under a pre-established trading plan.

Key Details

• Transaction date: June 22, 2026
• Transaction type: Open-market sale (Code S)
• Shares sold: 1,170
• Price per share: $168.23
• Total value: $196,829 (approx.)
• Footnote: Executed pursuant to a Rule 10b5-1 plan adopted by the reporting person on February 27, 2026.
• Filing date: June 24, 2026 (filed within the Form 4 timing window)
• Shares owned after the transaction: Not specified in the provided filing

Context A 10b5-1 plan is a pre-arranged trading program that allows insiders to sell shares on a set schedule and can help demonstrate the sale was planned rather than based on undisclosed information. Sales under such plans are common and do not by themselves indicate a change in the insider’s view of the company.