Aart De Geus - Jun 21, 2023 Form 4 Insider Report for SYNOPSYS INC (SNPS)

Signature
By: POA Pursuant Liz Ramirez For: Aart de Geus
Stock symbol
SNPS
Transactions as of
Jun 21, 2023
Transactions value $
-$13,790,268
Form type
4
Date filed
6/22/2023, 12:03 PM
Previous filing
Jun 15, 2023
Next filing
Sep 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNPS Common Stock Options Exercise $3.7M +40.8K +43.25% $90.51 135K Jun 21, 2023 Direct
transaction SNPS Common Stock Sale -$17.5M -40.8K -30.19% $428.18 94.4K Jun 21, 2023 Direct F1
holding SNPS Common Stock 122K Jun 21, 2023 by Family Trust
holding SNPS Common Stock 14.5K Jun 21, 2023 by Partnership
holding SNPS Common Stock 187K Jun 21, 2023 by Separate Prop Tr

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SNPS Non-Qualified Stock Option (right to buy) Options Exercise $0 -40.8K -100% $0.00* 0 Jun 21, 2023 Common Stock 40.8K $90.51 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents a weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $424.895 to $436.71. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.
F2 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was adopted March 6, 2023.