Cirrus Logic (CRUS) EVP Jeffrey W. Baumgartner Sells 1,166 Shares

What Happened Jeffrey W. Baumgartner, Executive Vice President of R&D at Cirrus Logic (CRUS), sold 1,166 shares on July 20, 2026 at $138.57 per share for proceeds of about $161,573. This was a sale (not a purchase); such sales are often routine insider liquidity events rather than a direct bullish signal.

Key Details

• Transaction date and price: 2026-07-20 — 1,166 shares sold at $138.57 each (total ≈ $161,573).
• Transaction type: Sale (open-market) reported on Form 4; code S.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: Transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026.
• Filing timeliness: Form 4 was filed on 2026-07-21 (next-day filing), which is timely under Section 16 reporting rules.

Context A 10b5-1 plan indicates the sale was executed under a pre-established trading arrangement, which can limit the inference that the insider acted on non-public information or changed their view of the company. For retail investors, purchases generally carry more interpretive weight than one-off sales; this filing documents a routine, pre-planned sale by an executive.