Rachel Pyles - 17 Jul 2025 Form 4 Insider Report for ANSYS INC (ANSS)

Role
Chief Financial Officer
Signature
/s/ Janet Lee, Attorney-in-Fact
Issuer symbol
ANSS
Transactions as of
17 Jul 2025
Net transactions value
$0
Form type
4
Filing time
18 Jul 2025, 18:00:08 UTC
Previous filing
19 Feb 2025
Next filing
12 Mar 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Pyles Rachel Chief Financial Officer 2600 ANSYS DRIVE, CANONSBURG /s/ Janet Lee, Attorney-in-Fact 18 Jul 2025 0002012377

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANSS Common Stock Disposed to Issuer -16,844 -66% 8,559 17 Jul 2025 Direct F1, F2
transaction ANSS Common Stock Disposed to Issuer -8,559 -100% 0 17 Jul 2025 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Rachel Pyles is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On July 17, 2025, pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated January 15, 2024, by and among Synopsys, Inc., a Delaware corporation ("Parent"), ALTA Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of Parent, and the Issuer, the Issuer became a wholly owned subsidiary of Parent (the "Merger").
F2 At the effective time of the Merger (the "Effective Time"), pursuant to the Merger Agreement, each Issuer restricted stock unit ("RSU") outstanding and unvested immediately prior to the Effective Time and held by a person who is not a non-employee director of the Issuer was converted into that number of Parent RSUs, rounded to the nearest whole share, equal to the product of (i) the number of shares of Issuer Common Stock subject to such Issuer RSU, including any accrued but unpaid dividend equivalents thereon, multiplied by (ii) the Conversion Ratio (as defined in the Merger Agreement) (each such assumed Issuer RSU, as so adjusted, a "Converted RSU"). Any Converted RSU is subject to the same terms and conditions as were applicable to such Issuer RSU prior to the Effective Time.
F3 At the Effective Time, pursuant to the Merger Agreement and subject to certain exceptions, each share of Issuer Common Stock outstanding immediately prior to the Effective Time was converted into the right to receive (i) 0.3399 of a share of Parent Common Stock and (ii) $199.91 in cash, without interest.