A Form 4 filed with the SEC on September 10, 2026 discloses that Ray Stata, a director of Analog Devices Inc (NASDAQ:ADI), sold a total of 2,632 shares of common stock across eleven transactions on September 8 and September 9, 2026, pursuant to a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Reporting person: Ray Stata, listed as a Director of Analog Devices Inc.
  • Total shares sold: 2,632 shares of common stock ($.16-2/3 par value) disposed of across two trading days, September 8 and September 9, 2026.
  • Price range: Individual transaction weighted average prices ranged from $361.2577 to $365.5117 on September 8, and from $361.9282 to $365.9733 on September 9; actual per-share prices across all sub-transactions ranged from $360.73 to $366.5175.
  • 10b5-1 plan: All sales were made pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 6, 2026.
  • Remaining direct ownership: Following all reported transactions, Stata directly owned 110,263 shares.
  • Indirect holdings: An additional 652,221 shares are held indirectly, described as "By Mrs. Stata Directly."

Ray Stata's September 2026 Share Sales at Analog Devices

According to the filing, Ray Stata disposed of shares in six separate transactions on September 8, 2026, and five separate transactions on September 9, 2026, all coded as sales ("S") of directly held common stock. The September 8 sales totaled 1,416 shares: 364 shares at a weighted average of $361.2577, 462 shares at $362.2012, 222 shares at $363.3769, 200 shares at $364.3699, 156 shares at $365.5117, and 12 shares at $366.045.

The September 9 sales totaled 1,216 shares: 158 shares at a weighted average of $361.9282, 369 shares at $362.9393, 461 shares at $363.9043, 356 shares at $364.9028, and 72 shares at $365.9733. The filing notes that each reported price is a weighted average, and that each group of shares was disposed of across multiple sub-transactions. According to the filing, Stata "undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price."

The filing states that all eleven sales were made pursuant to a 10b5-1 plan adopted on March 6, 2026. After the final reported transaction, Stata's direct beneficial ownership stood at 110,263 shares. The filing also discloses 652,221 shares held indirectly, characterized as held "By Mrs. Stata Directly." The Form 4 was signed by Shelly Shaw, General Counsel, by Power of Attorney, and dated September 10, 2026.

What Was Disclosed

The filing reports eleven open-market sales of Analog Devices common stock by director Ray Stata on September 8-9, 2026, totaling 2,632 shares sold under a pre-existing Rule 10b5-1 plan, with direct beneficial ownership of 110,263 shares remaining after the transactions.