National Instruments $28 Million Securities Settlement, Investors Who Sold NATI Stock in August or September 2022 Can File Claims by January 14, 2027

Investors who sold National Instruments Corporation (NASDAQ: NATI) common stock during two short windows in 2022 may be able to claim money from a proposed $28,000,000 cash settlement. The claim deadline is January 14, 2027. The U.S. District Court for the Southern District of New York will hold a hearing on January 13, 2027 to decide whether to approve the settlement.

The settlement is proposed, not final. You do not have to wait for the hearing to file a claim. The $28 million is the total fund, not a payment per investor, and what any individual receives depends on the court-approved Plan of Allocation, the claims filed and the deductions the court allows.

Quick Facts: National Instruments Securities Settlement

Detail	Information
Settlement amount	$28,000,000 in cash
Case name	In re National Instruments Corporation Securities Litigation
Case number	No. 1:23-cv-10488-DLC
Court	U.S. District Court for the Southern District of New York
Judge	Denise L. Cote
Lead plaintiff	Wayne County Employees’ Retirement System
Defendants	National Instruments Corporation, Eric Starkloff and Michael McGrath
Who may qualify	People who sold NATI common stock between August 12–30, 2022 and/or September 12–28, 2022, inclusive, and were damaged
Objection deadline	December 18, 2026
Settlement hearing	January 13, 2027, 2:30 p.m. ET, Courtroom 18B, Daniel Patrick Moynihan U.S. Courthouse, New York
Claim deadline	January 14, 2027 (online, or postmarked by that date)
Claims administrator	Strategic Claims Services
Official settlement website	nationalinstrumentssecuritiesclassaction.com
Status	Proposed; final approval pending

Who Is Eligible for the National Instruments Securities Settlement?

According to the official notice, the class is made up of all persons who sold National Instruments common stock:

• between August 12, 2022 and August 30, 2022, inclusive, and/or
• between September 12, 2022 and September 28, 2022, inclusive,

and who were damaged by those sales. The defendants and certain related persons are excluded under the settlement agreement, so check the full notice for the exclusion language.

Your situation	What it means
You sold NATI shares in one of the two windows and were damaged	You may qualify
You sold only in June or July 2022	Outside the class periods
You sold in August 2022, but outside August 12–30	Does not qualify on its own
You sold in September 2022, but outside September 12–28	Does not qualify on its own
You bought NATI shares but did not sell in either window	Purchases alone do not qualify
You still held shares when Emerson acquired the company	Not what matters; eligibility turns on qualifying sales

A postcard or notice does not guarantee payment. You must submit a valid Proof of Claim and Release. Institutions and nominees should use the separate representative-filer instructions on the settlement website.

What Did the National Instruments Securities Lawsuit Allege?

The plaintiffs alleged that National Instruments bought back its own shares in 2022 without disclosing that Emerson Electric Co. had made offers to acquire the company at prices well above the market price. Investors who sold into those buybacks allegedly received less than they would have if the offers had been disclosed.

According to the court’s published opinions in the case:

• Emerson offered $48 per share on May 25, 2022, when NATI closed at $34.35, and renewed that offer on June 22. National Instruments’ board rejected both.
• National Instruments had approved a stock repurchase program in January 2022 and, after pausing in June and July, resumed buying in August and September 2022.
• Emerson made a $53-per-share offer on November 3, 2022, and announced it publicly on January 17, 2023.
• Emerson completed its acquisition of National Instruments in October 2023 at $60 per share.

These events give context to the allegations. They do not mean every investor who sold NATI stock in 2022 suffered a legally compensable loss. The court has not made a final finding that the defendants committed securities fraud, and the settlement is a proposed compromise.

Which Securities Laws Apply in the National Instruments Case?

The claims that remain arise under the federal securities laws:

• Section 10(b) of the Securities Exchange Act of 1934 (15 U.S.C. § 78j(b)) and SEC Rule 10b-5 (17 C.F.R. § 240.10b-5), which prohibit deception in connection with buying or selling securities. The case proceeded on a theory of insider trading tied to the company’s share repurchases, after the court dismissed certain misrepresentation and omission claims in September 2024.
• Section 20(a) of the Exchange Act (15 U.S.C. § 78t(a)), which addresses liability for people who control someone who violates the Act. These control-person claims concern former executives Eric Starkloff and Michael McGrath.
• Federal Rule of Civil Procedure 23, which governs class actions. The court certified the class on September 19, 2025, so this is a certified class action, not merely a putative one.

How to File a National Instruments Settlement Claim

There is no cost to file, and you do not need your own lawyer to submit a claim.

1. Check your sales. Look for NATI sales between August 12–30, 2022 and September 12–28, 2022.
2. Get your records. Brokerage trade confirmations, monthly statements or transaction histories showing dates, share counts and prices. If you no longer have them, ask your broker for historical statements rather than estimating.
3. Complete the Proof of Claim and Release. File it online through the official settlement website or mail it to the administrator.
4. Submit by January 14, 2027. Online claims must be submitted, and mailed claims postmarked, by that date. Keep a copy and any confirmation.
5. Follow the approval process. Check the official website for hearing updates and payment information. Filing a claim does not guarantee payment.

Mail address for the administrator: National Instruments Securities Settlement, c/o Strategic Claims Services, P.O. Box 230, 600 N. Jackson Street, Suite 205, Media, PA 19063. Use only the official website and avoid third-party sites that charge fees.

If you follow securities settlements, you may also want to read about the DiDi Global $740 Million Securities Class Action Settlement, Investors Can Claim Up To $1.84 Per Share, Deadline April 6, 2026 and the ChargePoint $11 Million Securities Settlement, What Investors Need to Know. Both show how different securities settlements handle claims and payments.

How Much Could Investors Receive From the National Instruments Settlement?

The gross fund is $28,000,000. The amount distributed will be lower after any court-approved deductions. Lead counsel, Johnson Van Kwawegen LLP, may request attorneys’ fees of up to 33⅓% of the settlement amount and expenses of up to $1,000,000, plus interest on both. Lead Plaintiff may also request an award under 15 U.S.C. § 78u-4(a)(4). These are limits on requests, not confirmed awards.

Item	Status
Gross settlement fund	$28,000,000
Maximum attorneys’ fee request	33⅓% of the settlement amount
Maximum expense request	$1,000,000, plus interest
Administration costs and other deductions	Subject to settlement terms and court approval
Fixed payment per investor	Not established
Payment date	Not announced

Securities settlements usually divide the money using a plan that considers each investor’s eligible transactions and recognized losses. Read the Plan of Allocation in the official Notice of Proposed Settlement of Class Action before assuming any figure.

Related article: Baby Brezza Lawsuit 2026, Parents Allege Formula Makers Diluted Bottles and Put Babies at Risk

Important Dates in the National Instruments Securities Settlement

Date	Event
May 25, 2022	Emerson’s initial $48-per-share offer
August 12–30, 2022	First qualifying sale period
September 12–28, 2022	Second qualifying sale period
January 17, 2023	Emerson publicly announces its offer
October 2023	Emerson completes its $60-per-share acquisition
November 30, 2023	Securities lawsuit filed
September 6, 2024	Court dismisses certain claims but lets the insider-trading theory proceed
September 19, 2025	Court certifies the class
September 11, 2026	Stipulation and Agreement of Settlement dated
December 18, 2026	Objection deadline
January 13, 2027, 2:30 p.m. ET	Settlement hearing before Judge Denise L. Cote
January 14, 2027	Claim deadline

Can Investors Object to or Opt Out of the National Instruments Settlement?

Objecting. Class members can object to the settlement, the Plan of Allocation or the fee and expense requests. Objections must be received by the court and lead counsel by December 18, 2026, in the form described in the notice. Objecting does not remove you from the class, and you may, but do not have to, attend the hearing.

Opting out. The case already went through a class-certification notice. If you are a class member who did not previously and validly exclude yourself, you will be bound by the settlement and judgment if it is approved, whether or not you file a claim. Do not assume a new opt-out period exists. If you want to preserve an individual lawsuit, speak to a securities attorney before acting.

Doing nothing. If the settlement is approved, you may give up covered claims without receiving any payment, because payment requires a valid Proof of Claim.

National Instruments Securities Settlement: Frequently Asked Questions

Is the National Instruments $28 million settlement real?

Yes. The official settlement website, run with Strategic Claims Services, publishes the proposed $28,000,000 settlement in In re National Instruments Corporation Securities Litigation, No. 1:23-cv-10488-DLC. Final approval is pending.

What is the deadline to claim the National Instruments settlement?

January 14, 2027, for both online claims and mailed claims postmarked by that date.

Who qualifies for the NATI securities settlement?

People who sold National Instruments common stock between August 12–30, 2022 and/or September 12–28, 2022, inclusive, and were damaged, subject to the settlement’s definitions and exclusions.

Do I qualify if I only bought National Instruments stock in 2022?

No, not on the purchase alone. The class covers qualifying sales during the two windows.

How much will each NATI investor receive?

No fixed amount has been confirmed. It depends on the Plan of Allocation, eligible transactions, court-approved deductions and the claims filed.

Has Judge Denise L. Cote approved the settlement?

Not yet. The hearing is scheduled for January 13, 2027 at 2:30 p.m. ET, and the court may change the date or format, so check the official website.

Do I need a lawyer to file a National Instruments claim?

No. You can file the Proof of Claim yourself at no cost. Court-appointed lead counsel represents the class.

Do investors outside the United States qualify for the National Instruments settlement?

The class definition focuses on qualifying sales and resulting damages and, in the summary notice, does not state a U.S.-residency requirement. Review the full notice for documentation and payment details.

Who do I contact with questions about the National Instruments settlement?

Write to the administrator at the address above. Inquiries other than requests for the notice or a Proof of Claim can go to lead counsel, Johnson Van Kwawegen LLP, at (646) 836-9630. Do not contact the defendants, the court or the Clerk.

Official Sources for the National Instruments Securities Settlement

1. Official settlement website: National Instruments Securities Litigation, with the class definition, settlement amount, key dates and Summary Notice. The full Important Documents page has the Notice of Proposed Settlement and Proof of Claim.
2. Claim form: File a Claim Online.
3. Court opinions: In re National Instruments Corporation Securities Litigation, No. 1:23-cv-10488-DLC (S.D.N.Y.): September 6, 2024 opinion and September 19, 2025 class-certification opinion.

For investors tracking other securities litigation, see also Hims & Hers Lawsuit 2026, Securities Class Action For Investors, Novo Nordisk Patent Case, No Consumer Settlement—What You Need To Know.

This article is for general information only and is not legal, tax or investment advice. AllAboutLawyer.com is not a law firm. Always rely on the official notice and claims administrator for current instructions.

Researched and written by Israr Ahmad, legal content researcher and founder of AllAboutLawyer.com. All facts verified against the official settlement website run by Strategic Claims Services (nationalinstrumentssecuritiesclassaction.com), including its Summary Notice, as of October 28, 2026. Last Updated: October 28, 2026.