Analog Devices Chair & CEO Vincent Roche Exercises Options and Sells $4.25M in ADI Stock via 10b5-1 Plan

Executive Summary

On November 2, 2026, Vincent Roche, Chair and Chief Executive Officer of Analog Devices Inc. ($ADI), executed an option exercise and corresponding sale of 10,000 shares of common stock. The transactions were conducted under a pre-established Rule 10b5-1 trading plan adopted on December 3, 2025.

Transaction Breakdown

• Option Exercise (Code M): Exercised non-qualified stock options to acquire 10,000 shares of common stock at an exercise price of $108.08 per share. Following this transaction, 40,803 derivative options remain in this grant.
• Open Market Sale (Code S): Sold the 10,000 acquired shares at an average price of $425.46 per share, generating gross proceeds of approximately $4,254,600.
• Post-Transaction Holdings: Following the sale, Mr. Roche retains direct ownership of 125,670.083 shares of common stock, in addition to 50,000 shares held indirectly through the Vincent Roche 2026 Grantor Retained Annuity Trust.

Analysis and Market Context

Because this transaction represents an exercise and immediate disposition executed pursuant to a Rule 10b5-1 trading plan established almost one year prior, it represents routine liquidity management and portfolio diversification rather than a discretionary market-timing signal. The CEO continues to hold substantial equity in the company across direct and indirect holdings.