The insider sales are immaterial in size and likely liquidity-driven following option exercises. No bearish signal. Monitor the next earnings release for any fundamental changes, but this cluster alone does not warrant a trade.
Price Chart
Executive Summary
Two C-suite insiders at Cirrus Logic (CRUS) sold a total of $2.21M in open-market sales on May 29, 2026, representing ~0.026% of the $8.5B market cap. The sales are trivial relative to company size and follow derivative exercises by one executive, suggesting liquidity-driven activity rather than a bearish signal. The cluster is amplified by cross-filing context (earnings, offering, and agreement contexts), but the dollar amount is immaterial.
Key Financial Metrics
Key Facts
- Two insiders sold: EVP R&D Baumgartner ($1.92M) and EVP Sales Brannan ($289K) on May 29, 2026
- Total open-market sales: $2.21M, or ~0.026% of $8.5B market cap
- Baumgartner also exercised derivatives (non-cash and $383K cash exercise) on the same day
- No open-market purchases in the cluster
- Sales are well below the 0.1% materiality threshold for a $8.5B company
Financial Impact
Total insider sales of $2.21M represent 0.026% of market cap — trivial
Risk Factors
- Insider sales could accelerate if broader semiconductor sector weakens
- Historical calibration shows past CRUS reports underperformed at T+5 (-3.93% avg), suggesting market may already price in risks
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CRUS-1780431439011 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 6w ago | Institutional Cluster | $119.87 $116.34 | ▼ −2.94% | ▼ −1.42% | $121.17 (+1.08%) |
Aug 5, 2026 8w ago | 8-K | $123.51 $113.13 | ▼ −8.40% | ▼ −9.00% | $121.17 (−1.89%) |
Jul 2, 2026 13w ago | Insider Cluster | $146.24 $131.86 | ▼ −9.83% | ▼ −9.42% | $121.17 (−17.14%) |
Jun 30, 2026 13w ago | Insider Cluster | $146.42 $134.07 | ▼ −8.43% | ▼ −6.25% | $121.17 (−17.24%) |
Jun 2, 2026 17w ago | Insider Cluster | $178.90 $146.24 | ▼ −18.26% | ▼ −17.26% | $121.17 (−32.27%) |
May 26, 2026 18w ago | Insider Cluster | $173.59 $153.98 | ▼ −11.30% | ▼ −9.40% | $121.17 (−30.20%) |
May 21, 2026 19w ago | 144 | $171.17 $160.00 | ▼ −6.53% | ▼ −5.11% | $121.17 (−29.21%) |
May 6, 2026 21w ago | 8-K | $171.68 $178.90 | ▲ +4.21% | ▲ +1.07% | $121.17 (−29.42%) |
US Market Status
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