=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-05-22
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: ANALOG DEVICES INC (ADI)
CIK: 0000006281
--- Reporting Owner ---
Name: ROCHE VINCENT
CIK: 0001201872
Role: Director, Officer (Chair & CEO)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Comm Stock - $.16-2/3 value
Date: 2026-05-22 | Code: M (Exercise of derivative)
Shares: +30,000 | Price: $144.06
Total Value: $4,321,800.00
Shares Owned After: 167,537.875 | Ownership: D (Direct)
Footnotes:
[F1] Excludes 50,000 shares that the Reporting Person previously owned directly, which were contributed to the Vincent Roche 2026 Grantor Retained Annuity Trust.
[Transaction #2]
Security: Comm Stock - $.16-2/3 value
Date: 2026-05-22 | Code: S (Open market sale)
Shares: -29,335 | Price: $396.80
Total Value: $11,640,216.01
Shares Owned After: 138,202.875 | Ownership: D (Direct)
Footnotes:
[F2] These shares were disposed of in multiple transactions at actual sales prices ranging from $396.21 to $397.155 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person 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.
[Transaction #3]
Security: Comm Stock - $.16-2/3 value
Date: 2026-05-22 | Code: S (Open market sale)
Shares: -665 | Price: $397.50
Total Value: $264,334.57
Shares Owned After: 137,537.875 | Ownership: D (Direct)
Footnotes:
[F3] These shares were disposed of in multiple transactions at actual sales prices ranging from $397.31 to $397.54 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person 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.
[Transaction #4]
Security: Comm Stock - $.16-2/3 value
Date: 2026-05-26 | Code: M (Exercise of derivative)
Shares: +30,000 | Price: $144.06
Total Value: $4,321,800.00
Shares Owned After: 167,537.875 | Ownership: D (Direct)
[Transaction #5]
Security: Comm Stock - $.16-2/3 value
Date: 2026-05-26 | Code: S (Open market sale)
Shares: -20,038 | Price: $414.83
Total Value: $8,312,273.37
Shares Owned After: 147,499.875 | Ownership: D (Direct)
Footnotes:
[F4] These shares were disposed of in multiple transactions at actual sales prices ranging from $414.315 to $415.295 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person 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.
[Transaction #6]
Security: Comm Stock - $.16-2/3 value
Date: 2026-05-26 | Code: S (Open market sale)
Shares: -9,962 | Price: $415.74
Total Value: $4,141,581.96
Shares Owned After: 137,537.875 | Ownership: D (Direct)
Footnotes:
[F5] These shares were disposed of in multiple transactions at actual sales prices ranging from $415.335 to $416.020 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person 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.
--- Derivative Transactions ---
[Transaction #1]
Security: Performance-Based Stock Option (right to buy)
Date: 2026-05-22 | Code: M (Exercise of derivative)
Shares: -30,000 | Price: $144.06
Exercisable: N/A | Expires: 2030-12-15
Shares Owned After: 430,000 | Ownership: D (Direct)
Footnotes:
[F8] This option is fully vested.
[Transaction #2]
Security: Performance-Based Stock Option (right to buy)
Date: 2026-05-26 | Code: M (Exercise of derivative)
Shares: -30,000 | Price: $144.06
Exercisable: N/A | Expires: 2030-12-15
Shares Owned After: 400,000 | Ownership: D (Direct)
Footnotes:
[F8] This option is fully vested.
--- Holdings ---
[Holding #1]
Security: Comm Stock-$.16-2/3 value
Ownership: I (Indirect)
Footnotes:
[F6] Shares held by the Vincent Roche 2024 Grantor Retained Annuity Trust dated October 3, 2024.
[Holding #2]
Security: Comm Stock - $.16-2/3 value
Ownership: I (Indirect)
Footnotes:
[F7] Shares held by the Vincent Roche 2026 Grantor Retained Annuity Trust dated January 11, 2026.
--- Footnotes (Complete Index) ---
F1: Excludes 50,000 shares that the Reporting Person previously owned directly, which were contributed to the Vincent Roche 2026 Grantor Retained Annuity Trust.
F2: These shares were disposed of in multiple transactions at actual sales prices ranging from $396.21 to $397.155 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person 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.
F3: These shares were disposed of in multiple transactions at actual sales prices ranging from $397.31 to $397.54 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person 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.
F4: These shares were disposed of in multiple transactions at actual sales prices ranging from $414.315 to $415.295 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person 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.
F5: These shares were disposed of in multiple transactions at actual sales prices ranging from $415.335 to $416.020 per share. The price reported reflects the weighted average sale price for the transactions. The Reporting Person 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.
F6: Shares held by the Vincent Roche 2024 Grantor Retained Annuity Trust dated October 3, 2024.
F7: Shares held by the Vincent Roche 2026 Grantor Retained Annuity Trust dated January 11, 2026.
F8: This option is fully vested.
--- Signature ---
/s/ /s/ Shelly Shaw, General Counsel, by Power of Attorney (2026-05-27)