Vincent Roche, chair and CEO of Analog Devices (ADI), has been a consistent seller of company stock over the past year. His Form 4 filings show 90 total transactions, all in ADI, with zero open-market purchases and roughly $92 million in total sales. The most recent 11 transactions, spanning April through October 2026, include 11 sales and no buys, continuing a pattern that has held throughout the period.
The selling is steady and scheduled. Roche sold shares on the first trading day of each month from April through October 2026, with values ranging from $3.18 million in April to $4.04 million in June. Each of those monthly sales was paired with an option exercise (code M) of roughly $1.08 million, a mechanical transaction that provides the shares being sold. The largest single sale came on May 22, 2026, when two dispositions totaled about $11.9 million, alongside a $4.32 million option exercise. A second sale on May 26 brought in another $12.45 million. October 1, 2026, saw a $3.97 million sale with a $1.08 million exercise.
The filings also show non-cash events. Roche made gifts of ADI stock on September 18 and October 12, 2026, each valued at $0. In August, $1.12 million in shares were withheld to cover taxes (code F), and in March, $8.19 million was withheld for the same reason. An award (code A) appeared in April with no value. The overall direction is unambiguous: Roche has sold ADI stock every month since at least April 2026, and his only open-market activity in the last year has been on the sell side.
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