Analog Devices (ADI) CEO, Founder, and Director Sell Over 16,000 Shares in Early July

Analog Devices Inc. (ADI) saw three key executives and directors collectively dispose of over 16,000 shares through option exercises and open market sales in early July.[1][2][3] All transactions were executed pursuant to pre-established SEC Rule 10b5-1 trading plans, each providing millions of dollars in liquidity while retaining substantial remaining stakes.[1][2][3]

CEO Vincent Roche Exercises 10,000 Options and Sells Entire Stake

Chairman and CEO Vincent Roche exercised 10,000 non-qualified stock options on July 1, 2026, at an exercise price of $108.08 per share to acquire 10,000 common shares, then sold the entire 10,000 shares on the same day at $389.75 per share in the open market.[1] The option exercise cost amounted to approximately $1,080,800, and the sale proceeds totaled about $3,897,500.[1]

These transactions were carried out under a pre-established Rule 10b5-1 trading plan.[1] Following these trades, Roche directly holds 137,537.875 ADI common shares and indirectly holds 23,515 shares through the “Vincent Roche 2024 Grantor Retained Annuity Trust” and 50,000 shares through the “Vincent Roche 2026 Grantor Retained Annuity Trust,” as reported.[1] The exercised options carry an exercise price of $108.08 and expire on March 13, 2029.[1]

Founder Ray Stata Sells 2,485 Shares in Split Trades Over July 7–8

Insider Ray Stata sold a total of 2,485 common shares in small, split open market trades on July 7–8, 2026.[2] Sale prices ranged between $371.4775 and $388.7318 per share, with total proceeds of approximately $942,000, as disclosed.[2]

After the July 7 sale, Stata’s direct holdings decreased from about 121,232 to 118,747 shares, and after completing the July 8 sale, his direct holdings fell to 115,927 shares.[2] He retains an indirect holding of 652,221 shares in his spouse’s name, which remained unchanged by these transactions.[2] The filing notes these sales were multiple individual trades under a Rule 10b5-1 plan adopted on March 6, 2026.[2]

Independent Director Karen Golz Sells 1,000 Shares on July 13

Independent director Karen Golz sold 1,000 common shares on July 13, 2026, at $389.83 per share in the open market, generating approximately $389,830 in proceeds.[3] This transaction was also executed under a pre-established Rule 10b5-1 trading plan.[3]

After the sale, Golz’s direct holdings of ADI common shares amount to 11,019.[3] The filing states the estimated value of her holdings after the transaction is approximately $4,299,000 (based on an assumed price basis of $4,295,885.77).[3]

Summary of Insider Holdings Changes

Recent changes in holdings and current positions of the three insiders are as follows.

Insider	Position	Trade Date	Transaction Type	Shares	Price ($)	Proceeds ($)	Direct Holdings Post-Trade	Indirect Holdings
Vincent Roche	Chairman & CEO	2026-07-01	Option Exercise	10,000	108.08	1,080,800.00	137,537.875	23,515 + 50,000
Vincent Roche	Chairman & CEO	2026-07-01	Open Market Sale	10,000	389.75	3,897,500.00	137,537.875	23,515 + 50,000
Ray Stata	Insider	2026-07-07–08	Open Market Sale (21 Split Trades)	2,485	371.4775–388.7318	approx. 942,000	115,927	652,221 (spouse-held)
Karen Golz	Director	2026-07-13	Open Market Sale	1,000	389.83	389,830	11,019	-

All of these transactions were made pursuant to pre-established schedules and conditions under Rule 10b5-1 plans, indicating planned divestiture and liquidity management rather than discretionary insider trading based on material nonpublic information.[1][2][3]