Analog Devices Officer & Director Vincent Roche Files Form 144 to Sell $4.25M in Stock

Executive Summary

On November 2, 2026, Vincent Roche, Officer and Director of Analog Devices, Inc. ($ADI), submitted a Form 144 notice disclosing the intended sale of 10,000 shares of common stock through Fidelity Brokerage Services LLC. The proposed sale carries an aggregate market value of approximately $4.25 million ($425.46 per share).

Transaction & Acquisition Context

• Acquisition Details: The 10,000 common shares being offered were acquired on November 2, 2026, directly from the issuer via a cash stock option exercise.
• 10b5-1 Trading Plan: The transaction is executed pursuant to a pre-established Rule 10b5-1 trading plan adopted on December 3, 2025.
• Historical Selling Pattern: This filing represents a continuation of a systematic, monthly liquidation schedule under the trading plan. Over the preceding three months, Mr. Roche sold 10,000 shares per month:
  • August 3, 2026: 10,000 shares for gross proceeds of $3,630,000.00
  • September 1, 2026: 10,000 shares for gross proceeds of $3,563,300.00
  • October 1, 2026: 10,000 shares for gross proceeds of $3,969,400.00

Trading Significance Assessment

The transaction is assessed as Medium significance:

• Predictable Execution: Because the sales are executed on a fixed monthly basis under a Rule 10b5-1 plan established nearly a year prior, they do not reflect sudden sentiment shifts regarding near-term operational performance.
• Transaction Size: While the transaction size is relatively minor against Analog Devices' total outstanding share count of 484.57 million shares (<0.01%), the multi-million-dollar regular sales volume by top leadership remains an important governance and insider-flow data point for market participants.