A substantial insider activity was disclosed on August 13, as Dougherty, SVP at Cirrus Logic (NASDAQ:CRUS), reported the exercise of a large sell of company stock options. What Happened: Dougherty, SVP at Cirrus Logic, made a strategic move by exercising stock options for 9,203 shares of CRUS as detailed in a Form 4 filing on Tuesday with the U.S. Securities and Exchange Commission. The transaction value amounted to $569,710. As of Wednesday morning, Cirrus Logic shares are up by 0.25%, with a current price of $138.0. This implies that Dougherty’s 9,203 shares have a value of $569,710. Delving…