=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-01-13
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: 2026-01-13 | Code: S (Open market sale)
Shares: -1,043 | Price: $295.78
Total Value: $308,501.98
Shares Owned After: 132,153 | 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 $295.23 to $296.225 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: 2026-01-13 | Code: S (Open market sale)
Shares: -615 | Price: $296.74
Total Value: $182,498.05
Shares Owned After: 131,538 | 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 $296.26 to $297.195 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: 2026-01-13 | Code: S (Open market sale)
Shares: -809 | Price: $297.91
Total Value: $241,008.30
Shares Owned After: 130,729 | 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 $297.345 to $298.29 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: 2026-01-13 | Code: S (Open market sale)
Shares: -462 | Price: $298.70
Total Value: $137,998.66
Shares Owned After: 130,267 | 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 $298.375 to $299.34 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: 2026-01-13 | Code: S (Open market sale)
Shares: -56 | Price: $299.69
Total Value: $16,782.36
Shares Owned After: 130,211 | 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 $299.39 to $299.98 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: 2026-01-13 | Code: S (Open market sale)
Shares: -112 | Price: $301.10
Total Value: $33,722.92
Shares Owned After: 130,099 | 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 $300.67 to $301.345 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: 2026-01-13 | Code: S (Open market sale)
Shares: -28 | Price: $301.89
Total Value: $8,453.06
Shares Owned After: 130,071 | 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 #8]
Security: Comm Stock - $.16-2/3 value
Date: 2026-01-14 | Code: S (Open market sale)
Shares: -579 | Price: $293.98
Total Value: $170,216.74
Shares Owned After: 129,492 | 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 $293.365 to $294.365 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: 2026-01-14 | Code: S (Open market sale)
Shares: -1,201 | Price: $294.80
Total Value: $354,053.24
Shares Owned After: 128,291 | 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 $294.41 to $295.40 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: 2026-01-14 | Code: S (Open market sale)
Shares: -218 | Price: $296.03
Total Value: $64,534.98
Shares Owned After: 128,073 | 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 $295.415 to $296.385 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: 2026-01-14 | Code: S (Open market sale)
Shares: -666 | Price: $296.90
Total Value: $197,732.34
Shares Owned After: 127,407 | 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 $296.46 to $297.42 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 #12]
Security: Comm Stock - $.16-2/3 value
Date: 2026-01-14 | Code: S (Open market sale)
Shares: -461 | Price: $297.73
Total Value: $137,251.55
Shares Owned After: 126,946 | Ownership: D (Direct)
Footnotes:
[F1] These shares were sold pursuant to a 10b5-1 plan adopted by the Reporting Person on January 9, 2025.
[F12] These shares were disposed of in multiple transactions at actual sales prices ranging from $297.48 to $298.035 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.
--- 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 $295.415 to $296.385 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 $296.46 to $297.42 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: These shares were disposed of in multiple transactions at actual sales prices ranging from $297.48 to $298.035 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.
F2: These shares were disposed of in multiple transactions at actual sales prices ranging from $295.23 to $296.225 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 $296.26 to $297.195 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 $297.345 to $298.29 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 $298.375 to $299.34 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 $299.39 to $299.98 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 $300.67 to $301.345 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 $293.365 to $294.365 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 $294.41 to $295.40 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 (2026-01-15)
