Venkatesh Nathamuni - May 4, 2023 Form 4 Insider Report for CIRRUS LOGIC, INC. (CRUS)

Role
Chief Financial Officer
Signature
By: Gregory Scott Thomas For: Venkatesh Nathamuni
Stock symbol
CRUS
Transactions as of
May 4, 2023
Transactions value $
-$69,222
Form type
4
Date filed
5/8/2023, 06:22 PM
Previous filing
Feb 8, 2023
Next filing
Feb 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRUS Common Stock Options Exercise $0 +3.42K $0.00 3.42K May 4, 2023 Direct
transaction CRUS Common Stock Tax liability -$69.2K -834 -24.38% $83.00 2.59K May 4, 2023 Direct F1

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 Restricted Stock Units Options Exercise $0 -3.42K -25.3% $0.00 10.1K May 4, 2023 Common Stock 3.42K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 No shares were sold; these shares were withheld to satisfy tax withholding requirements.
F2 Each restricted stock unit was the economic equivalent of one share of common stock. The restricted stock unit vested on May 4, 2023, and the Company withheld sufficient shares for payment of required tax withholdings.
F3 The reporting person was granted 10,265 restricted stock units on 5/4/2022, subject to vesting one-third annually on the anniversary of the grant. The one-third reported here vested on 5/4/2023, the next one-third is scheduled to vest on 5/4/2024, and the final one-third is scheduled to vest on 5/4/2025.