Scott A. Anderson - Feb 9, 2023 Form 4 Insider Report for CIRRUS LOGIC, INC. (CRUS)

Role
Sr VP, Supply Chain
Signature
By: Gregory Scott Thomas attorney-in-fact For: Scott A. Anderson
Stock symbol
CRUS
Transactions as of
Feb 9, 2023
Transactions value $
-$1,949,568
Form type
4
Date filed
2/10/2023, 03:40 PM
Previous filing
Mar 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRUS Common Stock Options Exercise $365K +11.7K +86.71% $31.25 25.1K Feb 9, 2023 Direct
transaction CRUS Common Stock Sale -$1.23M -11.7K -46.44% $105.16 13.5K Feb 9, 2023 Direct F1
transaction CRUS Common Stock Options Exercise $765K +14K +103.98% $54.65 27.5K Feb 9, 2023 Direct
transaction CRUS Common Stock Sale -$1.47M -14K -50.98% $105.16 13.5K Feb 9, 2023 Direct F1
transaction CRUS Common Stock Sale -$380K -3.56K -28.36% $106.78 8.98K Feb 9, 2023 Direct

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

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CRUS Non-Qualified Stock Option (right to buy) Options Exercise $0 -10.9K -100% $0.00* 0 Feb 9, 2023 Common Stock 10.9K $31.25 Direct F2
transaction CRUS Incentive Stock Option (right to buy) Options Exercise $0 -734 -100% $0.00* 0 Feb 9, 2023 Common Stock 734 $31.25 Direct F2
transaction CRUS Incentive Stock Option (right to buy) Options Exercise $0 -3.24K -100% $0.00* 0 Feb 9, 2023 Common Stock 3.24K $54.65 Direct F3
transaction CRUS Non-Qualified Stock Option (right to buy) Options Exercise $0 -10.8K -100% $0.00* 0 Feb 9, 2023 Common Stock 10.8K $54.65 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Table I - Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.57 to $106.40. The reporting person will provide full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to any security holder of Cirrus Logic, Inc. or the staff of the SEC upon request.
F2 Only vested shares can be exercised under this option. 25% of the shares vested on 11/4/16; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 11/4/19.
F3 Only vested shares can be exercised under this option. 25% of the shares vested on 11/2/17; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 11/2/20.