Eli Samaha - Jun 10, 2024 Form 4 Insider Report for SYNOVUS FINANCIAL CORP (SNV PR E)

Role: 10%+ Owner
Signature: Eli Samaha
Stock symbol: SNV PR E
Transactions as of: Jun 10, 2024
Transactions value $: -$4,357,321
Form type: 4
Date filed: 6/11/2024, 04:18 PM
Previous filing: Jun 7, 2024
Next filing: Jun 14, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNV PR E	Fixed-Rate Reset Non-Cumulative Perpetual Preferred Series E	Sale	-$4.36M	-173K	-11.79%	$25.20	1.29M	Jun 10, 2024	See Footnote	F1, F2

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

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

Explanation of Responses:

Id	Content
F1	The sales price reported in Column 4 is a weighted average price. These shares were sales in multiple transactions at prices ranging from $25.20 to $25.28, 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 sold 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 sales price reported in Column 4 is a weighted average price. These shares were sales in multiple transactions at prices ranging from $25.20 to $25.28, 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 sold 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.