Texas Instruments Director Robert E. Sanchez Exercises Options and Sells $1.83M in TXN Stock

Transaction Overview

On October 27, 2026, Texas Instruments Inc ($TXN) Director Robert E. Sanchez executed an option exercise and corresponding disposition of common stock:

1. Option Exercise: Exercised non-qualified stock options to acquire 6,065 shares of common stock at a strike price of $79.26 per share.
2. Open Market Sales: Concurrently sold all 6,065 shares in two open-market transactions:
   • 5,588 shares at a weighted average price of $302.14 (range: $301.92 – $302.91).
   • 477 shares at a weighted average price of $303.07 (range: $302.98 – $303.31).
3. Total Proceeds: Total gross sale proceeds amounted to approximately $1,832,923, resulting in a net pre-tax gain of approximately $1,352,201 over the option exercise cost ($480,712).

Ownership Impact

• Pre-Transaction Holdings: 21,600 common shares
• Post-Transaction Holdings: 21,600 common shares
• Because the director sold exactly the amount of shares acquired through the option exercise, his base direct ownership of TXN stock remained unchanged at 21,600 shares.

Market & Trading Significance

• Trading Significance: Low
• This transaction represents a standard exercise-and-sell strategy ahead of the option's January 26, 2027 expiration date. Because the insider did not reduce his pre-existing core equity position, this filing does not indicate a shift in insider sentiment regarding the company's operational outlook.