TXN CLUSTER SEC Filing Analysis

Latest settled — T+5d

TXN ▲ +8.03% at T+5d

NEUTRAL call ✓ call won +8.03% · α vs SPY +6.41% · entry $299.77 → $323.83

Next anchor: T+20d in 5d

Last close $290.90 (close Jun 8) · -2.96% from $299.77 entry

Entry anchored
May 15, 2026
via day open

T+1d

+0.86%

call +0.86% · α +1.51%

$302.34

settled 23d ago

T+5d

+8.03%

call +8.03% · α +6.41%

$323.83

settled 19d ago

T+20d

—

call — · α —

—

in 5d

T+60d

—

call — · α —

—

in 2mo

Price Chart

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Executive Summary

Two TXN insiders (a director and a Sr. VP) sold a combined $4.04M in open-market sales over a 4-day window. The CFO also executed a large derivative exercise and same-day sale of 32,119 shares worth $9.9M, bringing the total cluster open-market sales to ~$15.5M. At a $280.5B market cap, these sales represent ~0.006% of market cap — well below the 0.1% triviality threshold. The CFO's sale is a classic cashless exercise pattern (exercise at $0/$174.81, sell at $307.85) and is non-informative. The director and Sr. VP sales are small and likely liquidity-driven. No material bearish signal.

Key Financial Metrics

Direction

selling

Total Value

$15.5M

Insiders

4

Actionable Insight

Insider sales are routine and immaterial relative to TXN's $280B market cap. The CFO's sale is a standard cashless exercise. No actionable signal for traders. Monitor next earnings for any guidance change, but this cluster does not warrant a bearish read.

Key Facts

Total open-market sales: ~$15.5M across 4 insiders (CFO, director, 2 Sr. VPs)
Sales represent ~0.006% of TXN's $280.5B market cap — trivial
CFO Lizardi's $9.9M sale was a same-day cashless exercise of options (non-informative pattern)
Director Cox Smith sold $2.57M; Sr. VP Leonard sold $1.47M; Sr. VP Bahai sold $1.55M
No open-market purchases in the cluster

Financial Impact

Total insider sales of ~$15.5M represent 0.006% of market cap — immaterial

dilution

Risk Factors

No material risk identified from this insider activity

Market Snapshot

Exchange

Nasdaq

Sector

Semiconductors & Related Devices

Analyst Consensus

40% bullish (45 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-TXN-1778878014416

20 reports for TXN

T+1T+5T+20T+60

100% Hit rate 4 of 4 directional calls best @ T+20▲ +8.16%Apr 22, 2026

Filters

Reports for TXN — sortable, filterable
	Type				Now
Jun 8, 2026 1d ago	ANALYST-UPGRADE MIXED ★ 2/10	$208.94 awaiting T+1	awaiting T+1	—	$290.90 (+39.23%)
Jun 2, 2026 7d ago	8-K NEUTRAL ★ 3/10	$308.04 $304.96	▼ −1.00%	▼ −1.40%	$290.90 (−5.56%)
May 31, 2026 9d ago	ANALYST-UPGRADE NEUTRAL ★ 2/10	$215.69 $218.93	▲ +1.50%	▲ +1.69%	$290.90 (+34.87%)
May 23, 2026 17d ago	ANALYST-UPGRADE NEUTRAL ★ 4/10	$281.89 $277.06	▼ −1.71%	▼ −2.50%	$290.90 (+3.20%)
May 23, 2026 17d ago	ANALYST-UPGRADE MIXED ★ 3/10	$281.89 $277.06	▼ −1.71%	▼ −2.50%	$290.90 (+3.20%)
May 22, 2026 18d ago	ANALYST-UPGRADE BULLISH ★ 4/10	$309.46 $323.83	▲ +4.64%	▲ +4.06%	$290.90 (−6.00%)
May 17, 2026 23d ago	ANALYST-UPGRADE MIXED ★ 3/10	$229.18 $233.57	▲ +1.92%	▲ +2.11%	$290.90 (+26.93%)
May 15, 2026 25d ago	Insider Cluster NEUTRAL ★ 2/10	$299.77 $302.34	▲ +0.86%	▲ +1.51%	$290.90 (−2.96%)
May 11, 2026 4w ago	Insider Cluster NEUTRAL ★ 2/10	$297.62 $294.65	▼ −1.00%	▼ −0.86%	$290.90 (−2.26%)
May 9, 2026 4w ago	ANALYST-UPGRADE MIXED ★ 4/10	$214.95 $214.54	▼ −0.19%	▼ −0.13%	$290.90 (+35.34%)

US Market Status

Market Closed — Opens in 7h 23m

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