Jeffrey W. Baumgartner - 05 Feb 2026 Form 4 Insider Report for CIRRUS LOGIC, INC. (CRUS)

Role
EVP, R&D
Signature
By: Gregory Scott Thomas attorney-in-fact For: Jeffrey Baumgartner
Issuer symbol
CRUS
Transactions as of
05 Feb 2026
Net transactions value
-$196,751
Form type
4
Filing time
09 Feb 2026, 16:28:46 UTC
Previous filing
18 Sep 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Baumgartner Jeffrey W EVP, R&D 800 WEST 6TH STREET, AUSTIN By: Gregory Scott Thomas attorney-in-fact For: Jeffrey Baumgartner 09 Feb 2026 0001777830

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRUS Common Stock Options Exercise $0 +2,450 +17% $0.000000 16,451 06 Feb 2026 Direct F1
transaction CRUS Common Stock Tax liability $85,240 -597 -3.6% $142.78 15,854 06 Feb 2026 Direct F2
transaction CRUS Common Stock Options Exercise $0 +3,012 +19% $0.000000 18,866 06 Feb 2026 Direct
transaction CRUS Common Stock Tax liability $111,511 -781 -4.1% $142.78 18,085 06 Feb 2026 Direct F2

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 Performance Shares Options Exercise $0 -2,169 -30% $0.000000 5,022 06 Feb 2026 Common Stock 2,169 Direct F1
transaction CRUS Restricted Stock Units Options Exercise $0 -3,012 -27% $0.000000 8,046 06 Feb 2026 Common Stock 3,012 Direct F3
transaction CRUS Restricted Stock Units Award $0 +5,140 +64% $0.000000 13,186 05 Feb 2026 Common Stock 5,140 Direct F4, F5
transaction CRUS Performance Shares Award $0 +4,141 +82% $0.000000 9,163 05 Feb 2026 Common Stock 4,141 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The number of performance-based restricted stock units that we refer to as Market Stock Units (MSUs) that vested was determined based on pre-established performance metrics over a three-year period beginning February 6, 2023, and ending February 6, 2026. A total shareholder return (TSR) measurement was made relative to the component companies of the Philadelphia Semiconductor Index, which determined a payout percentage ranging between 0-200%. The payout percentage was then multiplied by a target number of MSUs. Mr. Baumgartner's target number of MSUs was 2,169 (which is shown in Table II), and Cirrus Logic's TSR for the three-year period resulted in a 113% payout percentage. Therefore, 2,450 shares of common stock vested (which is shown in Table I), and the Company withheld sufficient shares for payment of required tax obligations.
F2 No shares were sold; these shares were withheld to satisfy tax withholding requirements.
F3 Each restricted stock unit was the economic equivalent of one share of common stock. The restricted stock unit vested on February 6, 2026, and the Company withheld sufficient shares for payment of required tax withholdings.
F4 Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.
F5 100% of the restricted stock units will vest on February 5, 2029, the 3-year anniversary of the grant date.
F6 Each of these MSUs represents the right to receive, following vesting, up to 200% of one share of Cirrus Logic, Inc. common stock. The resulting number of shares of common stock acquired upon vesting of the MSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on February 5, 2026, and ending on February 5, 2029. The MSU performance metrics involve total shareholder return (TSR) relative to the component companies of the Russell 3000 index.