Jeffrey W Baumgartner, Executive Vice President of Research and Development at Cirrus Logic, Inc. (CRUS), has recently made a notable transaction involving the company's shares. Specifically, Baumgartner purchased 10,000 shares at a price of $38.34 per share on September 2, 2025, and subsequently sold 10,000 shares at $111.78 per share on the same date.
Jeffrey W. Baumgartner, Executive Vice President of Research and Development at Cirrus Logic, Inc. (CRUS), has recently made a significant transaction involving the company's shares. On September 2, 2025, Baumgartner exercised a stock option to acquire 10,000 shares at a price of $38.34 per share, and subsequently sold the same number of shares at $111.78 per share on the same day. This transaction, as disclosed in a Form 144 filing [1], provides insight into Baumgartner's recent activities and the company's stock performance.
The acquisition of the shares was made through the exercise of a stock option, indicating that Baumgartner had the right to purchase the shares at a predetermined price. The sale of the shares at a higher price suggests that Baumgartner profited from the transaction. The sale was facilitated by Morgan Stanley Smith Barney LLC, with the total proceeds amounting to $1,117,811.00. This sale was executed on the NASDAQ exchange.
Baumgartner's recent transaction follows a pattern of stock sales over the past three months. According to the Form 144 filing, Baumgartner sold 10,000 shares on June 3, 2025, at a price of $100.00 per share, generating $1,000,000.00 in gross proceeds. This earlier sale also took place on the NASDAQ exchange.
The transaction and its details are subject to the regulatory requirements under Rule 144 of the Securities Act of 1933. Baumgartner, by signing the notice, has represented that he is not aware of any material adverse information regarding Cirrus Logic, Inc. that has not been publicly disclosed. This representation is crucial for maintaining transparency and investor confidence.
The transaction highlights Baumgartner's involvement in the company's stock activities and provides a snapshot of the company's stock price movement. As with any stock transaction, investors should consider the broader market conditions and the company's financial health before making investment decisions.
References:
[1] https://www.streetinsider.com/SEC+Filings/Form+144+CIRRUS+LOGIC%2C+INC.+Filed+by%3A+Baumgartner+Jeffrey+W/25285207.html
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