HUME RICHARD T 4

What Happened

• Richard T. Hume, a director of TD SYNNEX (SNX), exercised stock options and then sold the resulting shares. On Jan 28–29, 2026 he exercised a total of 37,991 options at a strike price of $107.32 (cost = $4,077,194) and sold the same 37,991 shares in open-market transactions for aggregate proceeds of $6,099,711. Net proceeds (sales minus exercise cost) were approximately $2,022,517.
• Transaction types shown on the Form 4: M = option exercises (acquisitions at the strike) and S = open-market sales (dispositions). The filings indicate the exercised shares were sold immediately (a cashless-like sequence).

Key Details

• Dates: Jan 28, 2026 and Jan 29, 2026; Form filed Jan 30, 2026 (timely within SEC Form 4 reporting window).
• Exercise: 12,991 shares on 1/28 and 25,000 shares on 1/29 at $107.32 per share (total paid $4,077,194).
• Sales (open market): 12,745 @ $160.32, 246 @ $161.15, 18,080 @ $160.50, 6,920 @ $161.12 — total shares sold 37,991; total proceeds $6,099,711. Weighted average sale price roughly $160.56.
• Related derivative lines: the filing also lists derivative-disposition line items at $0.00 that correspond to the option conversions reported on the same form.
• Footnotes: transactions were executed under a Rule 10b5-1 trading plan adopted July 14, 2025 (F1). Several footnotes (F2–F5) note sales were effected at prices within specified ranges and that detailed per-price quantities are available on request. F6 notes the option was fully vested.
• Shares owned after the transactions: not provided in the excerpt supplied.

Context

• This is a common pattern where an insider exercises vested options and sells the shares immediately under a pre-established 10b5-1 plan — generally viewed as routine liquidity rather than a directional endorsement of the stock.
• The Form 4 shows the exercise and the matching sales; because all exercised shares were sold, there was no net increase in the insider’s shareholding from these transactions.