Sassine Ghazi - Aug 23, 2024 Form 4 Insider Report for SYNOPSYS INC (SNPS)

Signature
By: POA Pursuant Liz Ramirez For: Sassine E Ghazi
Stock symbol
SNPS
Transactions as of
Aug 23, 2024
Transactions value $
-$4,769,582
Form type
4
Date filed
8/27/2024, 11:17 AM
Previous filing
May 29, 2024
Next filing
Sep 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNPS Common Stock Options Exercise $932K +10.3K +16.45% $90.51 72.9K Aug 23, 2024 Direct
transaction SNPS Common Stock Sale -$5.7M -10.3K -14.13% $553.89 62.6K Aug 23, 2024 Direct F1

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 -10.3K -100% $0.00 0 Aug 23, 2024 Common Stock 10.3K $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 $549.845 to $558.88. 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 September 27, 2023.