MICHAEL JONATHAN E 4
4 · SS&C Technologies Holdings Inc · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
SS&C (SSNC) Director Michael Jonathan Exercises Options, Sells Shares
What Happened
Director Michael Jonathan exercised stock options and received vested restricted stock units, and sold 2,740 shares in an open‑market transaction on May 20, 2026. Transactions reported include: exercise of 6,000 options at $30.45 (cost $182,670), exercise/conversion of 2,580 derivative units (terms N/A), a sale of 2,740 shares at $66.86 for $183,196, and the vesting/award of 3,200 restricted stock units (RSUs). Several derivative line items show shares disposed at $0, which indicates shares were surrendered as part of the option exercise/net settlement or for tax withholding rather than a cash sale.
Key Details
- Transaction date: May 20, 2026; Form 4 filed May 22, 2026 (appears timely).
- Open‑market sale: 2,740 shares @ $66.86 = $183,196.
- Option exercise(s): 6,000 shares exercised @ $30.45 (paid $182,670); 2,580 shares exercised/converted (acquisition price N/A in filing).
- Vesting/award: 3,200 RSUs granted/vested (reported as acquisition at $0). Footnotes say these RSUs were granted May 21, 2025, include 33 dividend equivalents, and convert 1:1 to common stock; RSUs vest 100% on the earlier of the first anniversary of the grant or the issuer's 2027 annual meeting. Stock option was fully vested as of grant.
- Several derivative dispositions reported at $0—these typically reflect net share settlement or withholding to cover exercise costs/taxes, not open‑market sales.
- Shares owned after the transactions: not specified in the provided summary.
Context
- This filing shows both acquisitions (option exercises and RSU vesting) and an open‑market sale. The sale of 2,740 shares for roughly $183k appears to be a routine disposition that coincided with exercises and net settlements; some shares were likely surrendered to cover exercise costs or tax withholding (zero‑dollar derivative dispositions).
- Purchases/awards (exercises and RSU vesting) are often more informative about insider accumulation; here the director acquired equity through exercises and vested RSUs while also selling a portion in the market.
- All items are factual reporting of transactions; no inference about motivation should be assumed.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-05-20$30.45/sh+6,000$182,670→ 82,124 total - Sale
Common Stock
2026-05-20$66.86/sh−2,740$183,196→ 79,384 total - Exercise/Conversion
Common Stock
[F1][F2]2026-05-20+2,580→ 81,964 total - Exercise/Conversion
Stock Option (right to buy)
[F3]2026-05-20−6,000→ 0 totalExercise: $30.45Exp: 2026-05-25→ Common Stock (6,000 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F1]2026-05-20−2,580→ 0 total→ Common Stock (2,580 underlying) - Award
Restricted Stock Units
[F2][F4]2026-05-20+3,200→ 3,200 total→ Common Stock (3,200 underlying)
- 67,679(indirect: By Trust)
Common Stock
Footnotes (4)
- [F1]Reflects the vesting of restricted stock units granted to the reporting person on May 21, 2025, together with 33 dividend equivalent rights accrued thereon.
- [F2]Restricted stock units convert into common stock on a one-for-one basis.
- [F3]The stock option was fully vested as of the date of the grant.
- [F4]The restricted stock units vest 100% on the earlier of (i) the first anniversary of the grant date and (ii) the date of the issuer's annual general meeting of stockholders held in fiscal 2027.