David John Tupman - 06 Jun 2024 Form 4 Insider Report for CIRRUS LOGIC, INC. (CRUS)

Role
Director
Signature
By: Gregory Scott Thomas attorney-in-fact For: David John Tupman
Issuer symbol
CRUS
Transactions as of
06 Jun 2024
Net transactions value
-$432,850
Form type
4
Filing time
07 Jun 2024, 16:08:29 UTC
Previous filing
03 Jun 2024
Next filing
30 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRUS Common Stock Options Exercise $166,900 +5,000 +23% $33.38 26,719 06 Jun 2024 Direct F1
transaction CRUS Common Stock Sale $599,750 -5,000 -19% $119.95 21,719 06 Jun 2024 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 Non-Qualified Stock Option (right to buy) Options Exercise $0 -5,000 -100% $0.000000* 0 06 Jun 2024 Common Stock 5,000 $33.38 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was made pursuant to a Rule 10b5-1 plan adopted by the reporting person on February 12, 2024.
F2 Only vested shares can be exercised under this option. 25% of the shares vested on 07/29/16; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 07/29/19.