Venkatesh Nathamuni - 04 May 2022 Form 4 Insider Report for CIRRUS LOGIC, INC. (CRUS)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CRUS	Incentive Stock Option (right to buy)	Award	$0	+4,828	$0.000000	4,828	04 May 2022	Common Stock	4,828	$82.81	Direct	F1
transaction	CRUS	Non-Qualified Stock Option (right to buy)	Award	$0	+16,004	$0.000000	16,004	04 May 2022	Common Stock	16,004	$82.81	Direct	F1
transaction	CRUS	Performance Shares	Award	$0	+2,951	$0.000000	2,951	04 May 2022	Common Stock	2,951		Direct	F2
transaction	CRUS	Restricted Stock Units	Award	$0	+10,265	$0.000000	10,265	04 May 2022	Common Stock	10,265		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Only vested shares can be exercised under this option. 25% of the shares will vest on 5/4/23; the remaining shares will vest monthly over the following 36 months so that the option will be fully vested and exercisable on 5/4/26.
F2	Each Performance-based Restricted Stock Unit (?PBRSU?) represents the right to receive, following vesting, up to 200% of one share of Cirrus Logic, Inc. common stock. The resulting number of shares of common stock acquired upon vesting of the PBRSUs is contingent upon the achievement of pre- established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on May 4, 2022, and ending on May 4, 2025.
F3	Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.
F4	One-third of the shares will vest annually from the date of grant over a three-year period.