David J. Tupman - Jun 6, 2024 Form 4 Insider Report for CIRRUS LOGIC, INC. (CRUS)

Role
Director
Signature
By: Gregory Scott Thomas attorney-in-fact For: David John Tupman
Stock symbol
CRUS
Transactions as of
Jun 6, 2024
Transactions value $
-$432,850
Form type
4
Date filed
6/7/2024, 04:08 PM
Previous filing
Jun 3, 2024
Next filing
Jul 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRUS Common Stock Options Exercise $167K +5K +23.02% $33.38 26.7K Jun 6, 2024 Direct F1
transaction CRUS Common Stock Sale -$600K -5K -18.71% $119.95 21.7K Jun 6, 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 -5K -100% $0.00* 0 Jun 6, 2024 Common Stock 5K $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.