CEO Forsyth sells 5,000 shares for $852K, his second open-market disposition in 36 months as stock rallies from lows.
John Forsyth, CEO of Cirrus Logic, sold 5,000 shares for approximately $852,000 on this transaction, representing his second open-market sale in the past three years. The company remains profitable with growing revenue, trading approximately 1.4% below its 52-week high after a strong rally that has lifted the stock more than 20% over the past three months. Forsyth's prior sale earlier this year proved well-timed over a one-month horizon as the stock declined immediately afterward, though the stock subsequently recovered and gained significantly over a longer timeframe, making that exit poorly-timed from a broader perspective. This current sale occurs as the stock has gained momentum from depressed levels, which contrasts with his prior sale at different price levels; without his purchase history available, it's unclear whether he is trimming gains or rebalancing an established position. The sale represents a modest reduction—approximately 6.7% of his holdings—rather than a wholesale exit, suggesting a measured approach to liquidity management rather than a broad loss of confidence in the business.