Cirrus Logic Executive Sells $1.59M in Shares

EVP Scott Thomas reduces stake by 24.65% under pre-arranged trading plan

Apr. 11, 2026 at 10:40am

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A high-contrast, close-up view of the gears, circuits, and machinery that make up the inner workings of a semiconductor fabrication facility, conveying the industrial power and precision of the electronics industry.The complex inner workings of a leading semiconductor company like Cirrus Logic reflect the technological sophistication behind the electronics powering our modern devices.Austin Today

Cirrus Logic, Inc. (NASDAQ:CRUS) Executive Vice President Scott Thomas sold 9,942 shares of the company's stock on April 9th at an average price of $160.11, for a total transaction of approximately $1.59 million. The sale, which was made under a pre-arranged Rule 10b5-1 trading plan, reduced Thomas' holdings by 24.65% to 30,393 shares.

Why it matters

Insider transactions, especially large sales by executives, can provide insights into a company's performance and the sentiment of its leadership. This sale by Cirrus Logic's EVP comes after the company reported strong Q3 earnings that beat analyst expectations, potentially signaling confidence in the stock's valuation.

The details

The shares were sold at an average price of $160.11, with the transaction reducing Thomas' stake in Cirrus Logic by 24.65%. Cirrus Logic, a fabless semiconductor company specializing in audio and power management solutions, recently reported Q3 earnings that exceeded analyst forecasts, with EPS of $2.97 versus an expected $2.37 and revenue of $580.62 million versus an estimated $531.43 million.

  • The shares were sold on Thursday, April 9th, 2026.

The players

Scott Thomas

Executive Vice President of Cirrus Logic, Inc.

Cirrus Logic, Inc.

A fabless semiconductor company specializing in high-precision analog and mixed-signal processing solutions for consumer electronics.

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What they’re saying

“This trade represents a 24.65% decrease in their position.”

— Scott Thomas, Executive Vice President

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This insider sale by Cirrus Logic's EVP comes after strong quarterly results, potentially signaling confidence in the stock's valuation and the company's future prospects. However, large executive sales are often closely watched by investors for any potential signs of concern.