Eli Samaha - Sep 27, 2023 Form 4 Insider Report for SYNOVUS FINANCIAL CORP (SNV)

Role: 10%+ Owner
Signature: Eli Samaha
Stock symbol: SNV
Transactions as of: Sep 27, 2023
Transactions value $: $259,775
Form type: 4
Date filed: 9/28/2023, 05:06 PM
Previous filing: Sep 26, 2023
Next filing: Oct 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNV	Fixed-Rate Reset Non-Cumulative Perpetual Preferred Series E	Purchase	$260K	+12.2K	+0.73%	$21.30	1.68M	Sep 27, 2023	See Footnotes	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The purchase price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.275 to $21.30, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F2	These shares are held by funds managed by Madison Avenue Partners, LP. The Reporting Person is the managing partner of Madison Avenue Partners, LP. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the pecuniary interest of the Reporting Person therein. The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Person is the beneficial owner of such securities.

Content

The purchase price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.275 to $21.30, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

These shares are held by funds managed by Madison Avenue Partners, LP. The Reporting Person is the managing partner of Madison Avenue Partners, LP. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the pecuniary interest of the Reporting Person therein. The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Person is the beneficial owner of such securities.