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

What Happened
Jeffrey W. Baumgartner, Executive Vice President, R&D at Cirrus Logic (CRUS), sold 1,166 shares in an open-market transaction on August 20, 2026. The shares were sold at $117.89 per share for total proceeds of $137,460. This was a sale (not a purchase).

Key Details

• Transaction date and price: 2026-08-20 — 1,166 shares @ $117.89 each.
• Total proceeds: $137,460.
• Transaction type: Open-market sale (Form 4 code S).
• Footnote: Transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026 (F1).
• Shares owned after transaction: Not specified in the provided excerpt — see the full Form 4 for post-transaction holdings.
• Filing date: Form filed 2026-08-24; filing appears timely (filed within the standard two business days after the 8/20 trade).

Context
A 10b5-1 plan allows insiders to sell shares according to a pre-set plan and timing, which can indicate the sale was prearranged rather than a reaction to new company information. Sales by company officers can be routine and do not, by themselves, indicate a change in company outlook. For full context, check the complete Form 4 for the insider’s remaining holdings and any other recent transactions.