SEC EDGARJUN 42 min read$CRUS

THOMAS SCOTT sold $234K of CRUS

THOMAS SCOTT (EVP, General Counsel) sold 1,300 shares of CIRRUS LOGIC, INC. (CRUS) at $180.04 ($0.23M total) on 2026-06-03 under a Rule 10b5-1 trading plan.

Original reporting

SEC EDGAR · THOMAS SCOTT

Published Jun 4, 2026, 8:17 PM UTC

Analysis

alphai AI DeskAI-generated

Added to alphai Jun 4, 2026, 8:19 PM UTC. Informational, not investment advice.

How this was made

alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.

About alphai AI Desk Scoring methodology Report an issue

alphai market briefInsider activity

Primary signal

$CRUS

Neutral

high confidence

Mentioned

$CRUS

Relevance

3/10

alphai data visualization · based on SEC EDGAR

Decision brief

The 30-second read

$CRUSNeutralLow

Why it matters

Because the plan is pre-arranged, the transaction is less likely to reflect new, nonpublic information; impact is mainly sentiment/positioning rather than fundamentals.

Market read

A single 10b5-1 insider sale typically does not warrant a standalone trading thesis.

What to watch

The sale size and 10b5-1 structure matter; without context on total holdings, option exercises, or prior patterns, the signal is weak.

Relevance 3/10Novelty 2/10Timing: Filed after-hours (2026-06-04 16:17 ET) for a sale executed 2026-06-03.

Background

SEC Form 4 reports insider transactions; this one is an open-market sale by an officer executed under a pre-arranged Rule 10b5-1 plan.

Company-level read

Ticker impact

AI estimates · verify against primary disclosures

$CRUSNeutralHigh confidence

Context

Cirrus Logic disclosed an officer open-market sale: Thomas Scott (EVP, General Counsel) sold 1,300 shares at $180.04 on 2026-06-03 under a 10b5-1 plan.

Expected impact

Likely minimal immediate price impact; any effect is more sentiment/flow-related than fundamental.

Evidence & confidence

The filing is an ownership-change disclosure with a stated pre-arranged 10b5-1 plan, which reduces interpretability as a reaction to new information.

Market effects

Sector

No clear sector read-through from a single 10b5-1 insider sale.

Regional

None.

Global

None.

Counterpoint

What could challenge this read

Some traders may still treat repeated insider selling as a mild caution signal, even if 10b5-1 reduces the information content.

Key entities

issuer
Cirrus Logic, Inc.
CRUS disclosed an officer sale by EVP & General Counsel Thomas Scott.
insider
Thomas Scott
EVP, General Counsel; sold 1,300 shares at $180.04 under a 10b5-1 plan.

Read at source ← All news

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Cirrus Logic (CRUS) reported record Q1 fiscal 2027 revenue of $460M (+13% YoY) and EPS of $1.84. The company expects revenue of $510M-$570M in Q2. Management highlighted strong demand for audio and HPMS products, but reduced PC market expectations due to supply constraints. CRUS is expanding into new markets and secured wafer capacity with GlobalFoundries. Competitors Skyworks (SWKS) and Qualcomm (QCOM) also reported updates.

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Cirrus Logic reported record fiscal Q1 2027 revenue of $459.7M for the quarter ended June 27, 2026, with GAAP EPS of $1.47 and non-GAAP EPS of $1.84, and GAAP gross margin of 52.6%. For Q2, it guided revenue to $510M-$570M and GAAP gross margin of 52%-54%, with GAAP R&D and SG&A of $163M-$169M. Management cited smartphone demand and AI PC codec interest.

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