Jennifer Gerchow - 17 Jul 2025 Form 4 Insider Report for ANSYS INC (ANSS)

Reporting relationship: Chief Accounting Officer
Issuer ticker: ANSS
Reported as of: 17 Jul 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 18 Jul 2025, 18:00:24 UTC
Prior SEC filing: 19 Feb 2025
Source filing: View source filing
Reporting owner signature: /s/ Janet Lee, Attorney-in-Fact

Key filing fact

Jennifer Gerchow filed Form 4 for ANSYS INC (ANSS) on 18 Jul 2025.

Key facts

This page summarizes Jennifer Gerchow's Form 4 filing for ANSYS INC (ANSS).
4 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 18 Jul 2025, 18:00.

Change

Previous filing in this sequence was filed on 19 Feb 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0002012667 Primary reporting owner

Gerchow Jennifer

Relationship: Chief Accounting Officer
Address: 2600 ANSYS DRIVE, CANONSBURG
Signature: /s/ Janet Lee, Attorney-in-Fact
Signature date: 18 Jul 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ANSS transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -9,224
Change %: -40%
Price
Shares after: 13,817
Date: 17 Jul 2025
Ownership: Direct
Footnotes: F1, F2

ANSS transaction

Common Stock

Award

Transaction value: $0
Shares: +1,159
Change %: +8.4%
Price: $0.000000
Shares after: 14,976
Date: 17 Jul 2025
Ownership: Direct
Footnotes: F3

ANSS transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -3,803
Change %: -25%
Price
Shares after: 11,173
Date: 17 Jul 2025
Ownership: Direct
Footnotes: F4

ANSS transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -11,173
Change %: -100%
Price
Shares after: 0
Date: 17 Jul 2025
Ownership: Direct
Footnotes: F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Jennifer Gerchow is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 5 footnotes

Footnote F1

On July 17, 2025, pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated January 15, 2024, by and among Synopsys, Inc., a Delaware corporation ("Parent"), ALTA Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of Parent, and the Issuer, the Issuer became a wholly owned subsidiary of Parent (the "Merger").

Footnote F2

At the effective time of the Merger (the "Effective Time"), pursuant to the Merger Agreement, each Issuer restricted stock unit ("RSU") outstanding and unvested immediately prior to the Effective Time and held by a person who is not a non-employee director of the Issuer was converted into that number of Parent RSUs, rounded to the nearest whole share, equal to the product of (i) the number of shares of Issuer Common Stock subject to such Issuer RSU, including any accrued but unpaid dividend equivalents thereon, multiplied by (ii) the Conversion Ratio (as defined in the Merger Agreement) (each such assumed Issuer RSU, as so adjusted, a "Converted RSU"). Any Converted RSU is subject to the same terms and conditions as were applicable to such Issuer RSU prior to the Effective Time.

Footnote F3

Represents a deemed acquisition of shares of Issuer Common Stock underlying unvested performance-based RSUs (each, an "Issuer PSU") based on the attainment of the applicable performance metrics at the (i) actual level of performance for performance periods that lapsed in the ordinary course prior to the Effective Time or (ii) greater of the target or actual level of performance, as determined by the Issuer's board of directors or a committee thereof immediately prior to the Effective Time.

Footnote F4

At the Effective Time, pursuant to the Merger Agreement, each Issuer PSU was converted into a Converted RSU and is subject to the same terms and conditions as were applicable to such Issuer PSU prior to the Effective Time (excluding any performance-based vesting conditions).

Footnote F5

At the Effective Time, pursuant to the Merger Agreement and subject to certain exceptions, each share of Issuer Common Stock outstanding immediately prior to the Effective Time was converted into the right to receive (i) 0.3399 of a share of Parent Common Stock and (ii) $199.91 in cash, without interest.