John F. Runkel Jr - Feb 23, 2024 Form 4 Insider Report for SYNOPSYS INC (SNPS)

Signature
By: POA Pursuant Liz Ramirez For: John Frederick Runkel, Jr.
Stock symbol
SNPS
Transactions as of
Feb 23, 2024
Transactions value $
-$279,761
Form type
4
Date filed
2/27/2024, 11:08 AM
Previous filing
Jan 4, 2024
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNPS Common Stock Options Exercise $432K +1.22K +4.55% $354.45 28K Feb 23, 2024 Direct
transaction SNPS Common Stock Sale -$712K -1.22K -4.35% $583.95 26.8K Feb 23, 2024 Direct

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 -1.22K -25.01% $0.00 3.66K Feb 23, 2024 Common Stock 1.22K $354.45 Direct F1, 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 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was adopted September 29, 2023.
F2 1/4 of the grant becomes exercisable on the date shown with the remainder becoming exercisable in a series of 12 equal quarterly installments thereafter, subject to continued service through each vesting date.