CIRRUS LOGIC, INC. — Director's Dealing 2023

Feb 7, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CIRRUS LOGIC, INC. (CRUS)
CIK: 0000772406
Period of Report: 2023-02-03

Reporting Person: Brannan Andrew (VP, Worldwide Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-03	Common Stock	M	2865	$55.72	Acquired	11070	Direct
2023-02-03	Common Stock	S	2865	$97	Disposed	8205	Direct
2023-02-03	Common Stock	S	200	$97	Disposed	8005	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-03	Non-Qualified Stock Option (right to buy)	$55.72	M	2865	Disposed	2027-11-01	Common Stock (2865.0)	Direct
2023-02-06	Non-Qualified Stock Option (right to buy)	$102.37	A	6252	Acquired	2033-02-06	Common Stock (6252.0)	Direct
2023-02-06	Performance Shares	$	A	1935	Acquired		Common Stock (1935.0)	Direct
2023-02-06	Restricted Stock Units	$	A	2687	Acquired		Common Stock (2687.0)	Direct

Footnotes

F1: This transaction was made pursuant to a Rule 10b5-1 adopted by the reporting person on February 16, 2022.

F2: Only vested shares can be exercised under this option. 25% of the shares vested on 11/1/18; the remaining shares vested monthly over the following 36 months so that the option was fully vested and exercisable on 11/1/21.

F3: Only vested shares can be exercised under this option. 25% of the shares will vest annually so that the option will be fully vested and exercisable on 2/6/27.

F4: Each Performance-based Restricted Stock Unit (PBRSU) represents the right to receive, following vesting, up to 200% of one share of Cirrus Logic, Inc. common stock. The resulting number of shares of common stock acquired upon vesting of the PBRSUs is contingent upon the achievement of pre-established performance metrics, as approved by the Company's Compensation Committee, over a three-year performance period beginning on February 6, 2023, and ending on February 6, 2026.

F5: Each restricted stock unit represents a contingent right to receive one share of Cirrus Logic common stock.

F6: 100% of the restricted stock units will vest on 2/6/26, the 3-year anniversary of the grant date.