=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-03-10
10b5-1 Pre-arranged Plan: Yes
--- Issuer ---
Name: ANALOG DEVICES INC (ADI)
CIK: 0000006281
--- Reporting Owner ---
Name: STATA RAY
CIK: 0000900729
Role: Director
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Comm Stock - $.16-2/3 value
Date: 2026-03-10 | Code: S (Open market sale)
Shares: -608 | Price: $317.90
Total Value: $193,286.00
Shares Owned After: 126,502 | Ownership: D (Direct)
Footnotes:
[F1] These shares were sold pursuant to a 10b5-1 plan adopted by the Reporting Person on January 9, 2025.
[F2] These shares were disposed of in multiple transactions at actual sales prices ranging from $317.47 to $318.35 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 #2]
Security: Comm Stock - $.16-2/3 value
Date: 2026-03-10 | Code: S (Open market sale)
Shares: -539 | Price: $319.15
Total Value: $172,019.80
Shares Owned After: 125,963 | Ownership: D (Direct)
Footnotes:
[F1] These shares were sold pursuant to a 10b5-1 plan adopted by the Reporting Person on January 9, 2025.
[F3] These shares were disposed of in multiple transactions at actual sales prices ranging from $318.585 to $319.56 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: 2026-03-10 | Code: S (Open market sale)
Shares: -876 | Price: $320.14
Total Value: $280,444.65
Shares Owned After: 125,087 | Ownership: D (Direct)
Footnotes:
[F1] These shares were sold pursuant to a 10b5-1 plan adopted by the Reporting Person on January 9, 2025.
[F4] These shares were disposed of in multiple transactions at actual sales prices ranging from $319.635 to $320.625 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: 2026-03-10 | Code: S (Open market sale)
Shares: -523 | Price: $321.06
Total Value: $167,916.05
Shares Owned After: 124,564 | Ownership: D (Direct)
Footnotes:
[F1] These shares were sold pursuant to a 10b5-1 plan adopted by the Reporting Person on January 9, 2025.
[F5] These shares were disposed of in multiple transactions at actual sales prices ranging from $320.64 to $321.625 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 #5]
Security: Comm Stock - $.16-2/3 value
Date: 2026-03-10 | Code: S (Open market sale)
Shares: -229 | Price: $322.22
Total Value: $73,787.60
Shares Owned After: 124,335 | Ownership: D (Direct)
Footnotes:
[F1] These shares were sold pursuant to a 10b5-1 plan adopted by the Reporting Person on January 9, 2025.
[F6] These shares were disposed of in multiple transactions at actual sales prices ranging from $321.68 to $322.595 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: 2026-03-10 | Code: S (Open market sale)
Shares: -350 | Price: $323.14
Total Value: $113,099.04
Shares Owned After: 123,985 | Ownership: D (Direct)
Footnotes:
[F1] These shares were sold pursuant to a 10b5-1 plan adopted by the Reporting Person on January 9, 2025.
[F7] These shares were disposed of in multiple transactions at actual sales prices ranging from $322.72 to $323.675 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 #7]
Security: Comm Stock - $.16-2/3 value
Date: 2026-03-11 | Code: S (Open market sale)
Shares: -372 | Price: $317.38
Total Value: $118,065.62
Shares Owned After: 123,613 | Ownership: D (Direct)
Footnotes:
[F1] These shares were sold pursuant to a 10b5-1 plan adopted by the Reporting Person on January 9, 2025.
[F8] These shares were disposed of in multiple transactions at actual sales prices ranging from $316.62 to $317.60 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 #8]
Security: Comm Stock - $.16-2/3 value
Date: 2026-03-11 | Code: S (Open market sale)
Shares: -1,100 | Price: $318.11
Total Value: $349,918.47
Shares Owned After: 122,513 | Ownership: D (Direct)
Footnotes:
[F1] These shares were sold pursuant to a 10b5-1 plan adopted by the Reporting Person on January 9, 2025.
[F9] These shares were disposed of in multiple transactions at actual sales prices ranging from $317.625 to $318.62 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 #9]
Security: Comm Stock - $.16-2/3 value
Date: 2026-03-11 | Code: S (Open market sale)
Shares: -1,439 | Price: $319.10
Total Value: $459,190.22
Shares Owned After: 121,074 | Ownership: D (Direct)
Footnotes:
[F1] These shares were sold pursuant to a 10b5-1 plan adopted by the Reporting Person on January 9, 2025.
[F10] These shares were disposed of in multiple transactions at actual sales prices ranging from $318.63 to $319.58 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 #10]
Security: Comm Stock - $.16-2/3 value
Date: 2026-03-11 | Code: S (Open market sale)
Shares: -186 | Price: $319.99
Total Value: $59,518.70
Shares Owned After: 120,888 | Ownership: D (Direct)
Footnotes:
[F1] These shares were sold pursuant to a 10b5-1 plan adopted by the Reporting Person on January 9, 2025.
[F11] These shares were disposed of in multiple transactions at actual sales prices ranging from $319.635 to $320.395 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 #11]
Security: Comm Stock - $.16-2/3 value
Date: 2026-03-11 | Code: S (Open market sale)
Shares: -28 | Price: $320.88
Total Value: $8,984.50
Shares Owned After: 120,860 | Ownership: D (Direct)
Footnotes:
[F1] These shares were sold pursuant to a 10b5-1 plan adopted by the Reporting Person on January 9, 2025.
[Transaction #12]
Security: Comm Stock - $.16-2/3 value
Date: 2026-03-11 | Code: A (Grant or award)
Shares: +747 | Price: $0.00
Shares Owned After: 121,607 | Ownership: D (Direct)
Footnotes:
[F12] Annual grant to non-employee director of Restricted Stock Units (RSUs) that vest 100% on the earlier of March 11, 2027 or the date of the Company's next Annual Meeting of Shareholders. Upon
the vesting date, each vested RSU shall automatically convert into one (1) share of common stock of the Company.
--- Holdings ---
[Holding #1]
Security: Comm Stock - $.16-2/3 value
Ownership: I (Indirect)
--- Footnotes (Complete Index) ---
F1: These shares were sold pursuant to a 10b5-1 plan adopted by the Reporting Person on January 9, 2025.
F10: These shares were disposed of in multiple transactions at actual sales prices ranging from $318.63 to $319.58 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.
F11: These shares were disposed of in multiple transactions at actual sales prices ranging from $319.635 to $320.395 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.
F12: Annual grant to non-employee director of Restricted Stock Units (RSUs) that vest 100% on the earlier of March 11, 2027 or the date of the Company's next Annual Meeting of Shareholders. Upon
the vesting date, each vested RSU shall automatically convert into one (1) share of common stock of the Company.
F2: These shares were disposed of in multiple transactions at actual sales prices ranging from $317.47 to $318.35 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 $318.585 to $319.56 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 $319.635 to $320.625 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 $320.64 to $321.625 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: These shares were disposed of in multiple transactions at actual sales prices ranging from $321.68 to $322.595 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.
F7: These shares were disposed of in multiple transactions at actual sales prices ranging from $322.72 to $323.675 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.
F8: These shares were disposed of in multiple transactions at actual sales prices ranging from $316.62 to $317.60 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.
F9: These shares were disposed of in multiple transactions at actual sales prices ranging from $317.625 to $318.62 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.
--- Signature ---
/s/ /s/ Shelly Shaw, General Counsel, by Power of Attorney (2026-03-12)
