Andrew Brannan - Aug 16, 2024 Form 4 Insider Report for CIRRUS LOGIC, INC. (CRUS)

Signature
By: Gregory Scott Thomas attorney-in-fact For: Andrew Brannan
Stock symbol
CRUS
Transactions as of
Aug 16, 2024
Transactions value $
-$285,520
Form type
4
Date filed
8/20/2024, 04:09 PM
Previous filing
Aug 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRUS Common Stock Options Exercise $274K +4K +113.31% $68.56 7.53K Aug 16, 2024 Direct F1
transaction CRUS Common Stock Sale -$560K -4K -53.12% $139.94 3.53K Aug 16, 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 -4K -87.05% $0.00 595 Aug 16, 2024 Common Stock 4K $68.56 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 May 10, 2024.
F2 Only vested shares can be exercised under this option. 25% of the shares vested on 11/6/20; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 11/6/23.