Cirrus Logic Officer Files Form 144 to Sell $415K in Common Stock
CIRRUS LOGIC, INC.
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Filing Summary
Cirrus Logic Officer Files Form 144 to Sell $415K in Common Stock
Company: Cirrus Logic, Inc. (CRUS) Form: Form 144 | Filed: 2026/09/21 Significance: Low
Insider: Jeffrey Baumgartner Title: Officer | Relationship: Officer
Transaction: • Type: Proposed Sale (Rule 144) • Shares: 3,498 • Price: ~$118.82 • Value: $415,632.36 • Approximate Sale Date: 09/21/2026
Key Insight: Routine proposed sale of equity acquired via RSU and PSU vesting, executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on February 27, 2026.
Market Context: The transaction accounts for less than 0.01% of Cirrus Logic's $5.95B market capitalization, representing negligible market impact.
Comprehensive Analysis
SEC Filing Analysis: Cirrus Logic, Inc. (CRUS)
Executive Summary
- Trading Significance: Low
- Key Takeaway: Officer Jeffrey Baumgartner filed a Form 144 notice to sell 3,498 common shares valued at approximately $415,632 under a Rule 10b5-1 trading plan.
- Market Impact: Negligible expected market impact given the small transaction size relative to Cirrus Logic's $5.95 billion market capitalization.
Company Information
| Field | Value |
|---|---|
| Company | Cirrus Logic, Inc. |
| Ticker Symbol | CRUS |
| CIK | 0000772406 |
| Industry | Semiconductors & Related Devices |
Insider Information
| Field | Value |
|---|---|
| Name | Jeffrey Baumgartner |
| CIK | 0001777830 |
| Title/Position | Officer |
| Relationship | Officer |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 144 |
| Transaction Date | 2026-09-21 |
| Transaction Code | S (Proposed) |
| Security Type | Common Stock |
| Shares Involved | 3,498 |
| Price Per Share | $118.82 |
| Total Value | $415,632.36 |
| Shares Owned After | N/A (Form 144) |
| Ownership Type | Direct |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $415,632.36 |
| % of Market Cap | 0.007% |
| Shares Transacted | 3,498 |
| % of Shares Outstanding | 0.007% |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: With Cirrus Logic capitalized at approximately $5.95 billion, this proposed sale is immaterial.
- Dilution Impact: The shares originate from previously vested restricted stock units and performance stock units acquired in March 2025; no new dilution is introduced.
- Transaction Significance: Accounting for 0.007% of shares outstanding, the transaction falls well below meaningful materiality thresholds.
Market Impact Analysis
- Direction: Neutral
- Reasoning: The trade is small, planned in advance via a Rule 10b5-1 trading plan adopted on February 27, 2026, and represents standard executive compensation liquidation.
- Expected Volume Impact: Immaterial compared to average daily trading volume.
- Sentiment Indicator: Neutral
Additional Context
- Special Circumstances: Executed pursuant to a Rule 10b5-1 trading plan adopted on February 27, 2026. The broker handling the sale is Morgan Stanley Smith Barney LLC.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.