HUME RICHARD T 4

What Happened
Richard T. Hume, a director of TD SYNNEX (SNX), exercised 18,365 stock options (fully vested) and sold a total of 23,365 shares on Feb 2, 2026. The option exercise was reported at $107.32 per share (cost ≈ $1,970,932). The open‑market sales generated total gross proceeds of about $3,753,017 (weighted average sale price ≈ $160.63). Net effect: 5,000 more shares were sold than acquired that day (net disposition of 5,000 shares).

Key Details

• Transaction date: February 2, 2026; Form 4 filed Feb 4, 2026 (timely).
• Option exercise: 18,365 shares acquired at $107.32 each (≈ $1,970,932). Footnote F7: option fully vested.
• Sales (open market): 23,365 shares sold in tranches:
  • 216 shares @ $157.66 (≈ $34,055) [F2 range note]
  • 236 shares @ $158.58 (≈ $37,425) [F3]
  • 527 shares @ $159.64 (≈ $84,130) [F4]
  • 17,093 shares @ $160.55 (≈ $2,744,281) [F5]
  • 5,293 shares @ $161.18 (≈ $853,126) [F6]
• Reported proceeds from sales: ≈ $3,753,017. Net shares sold minus exercised: 23,365 − 18,365 = 5,000 net shares sold.
• Notable footnotes: F1 — transactions were made under a Rule 10b5‑1 trading plan adopted July 14, 2025. F2–F6 explain price ranges/weighted averages for grouped trades.
• Shares owned after the transactions: not specified in the provided filing excerpt.

Context

• The filing shows an option exercise (derivative code M) and same‑day market sales of shares, consistent with a planned exercise+sell sequence (sometimes called a cash‑out or cashless outcome). The Form also lists an M line with 18,365 shares at $0.00 (reported as a derivative disposition) — the filing does not further explain that line.
• Because the trades were executed under a pre‑arranged 10b5‑1 plan and reported promptly, they are treated as planned/structured insider transactions rather than ad‑hoc market timing. Purchases are generally more informative as a bullish signal; this filing primarily shows option exercise and sales (routine liquidity).