Ellow Michael 4

4 · SYNOPSYS INC · Filed Jun 16, 2026

AI-generated summary of this filing

Updated Jun 16, 2026

Synopsys CRO Michael Ellow Vests RSUs, Sells 2,543 Shares

What Happened

Michael Ellow, Chief Revenue Officer of Synopsys (SNPS), had restricted stock units convert into 5,128 shares on 2026-06-15 (two conversions: 4,048 and 1,080 shares). To satisfy tax-withholding obligations, the company retained/sold 2,543 of those shares (2,007 + 536) at $454.38 per share, producing approximately $1,155,489. The conversion entries are reported as derivative exercises (code M); the withholdings/sales are reported under code F.

Key Details

Transaction date: 2026-06-15; Form 4 filed 2026-06-16 (timely).
Converted/vested shares: 5,128 total (4,048 + 1,080); withheld/sold for taxes: 2,543 shares (2,007 + 536) at $454.38 each.
Proceeds from withheld/sold shares: ~$1,155,489 total ($911,941 + $243,548).
Net shares delivered to Ellow after withholding: 5,128 − 2,543 = 2,585 shares.
Total shares owned by the reporting person after the transaction are not specified in the filing.
Footnotes: (F1) shares retained by the company to meet tax-withholding obligations (approved by Compensation Committee); (F2) each stock unit converts to one share; (F3) vesting schedule noted (one-sixth vested on this date, remainder in semi-annual installments).
Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (share withholding/sell-to-cover).

Context

This was a routine vested-RSU conversion with a sell-to-cover for taxes, not an open-market discretionary sale. The filing shows shares were retained by the company to meet tax withholding rather than an independent sell order by the insider.
Such tax-withholding dispositions are common and do not by themselves indicate a change in the insider’s view of the company.

Form 4

Period: 2026-06-15

Chief Revenue Officer

Transactions

Exercise/Conversion
Common Stock
2026-06-15+4,048→ 4,048 total
Tax Payment
Common Stock
[F1]
2026-06-15$454.38/sh−2,007$911,941→ 2,041 total
Exercise/Conversion
Common Stock
2026-06-15+1,080→ 3,121 total
Tax Payment
Common Stock
[F1]
2026-06-15$454.38/sh−536$243,548→ 2,585 total
Exercise/Conversion
Restricted Stock Units
[F2][F3]
2026-06-15−4,048→ 26,713 total
Exercise: $0.00From: 2026-06-15Exp: 2028-12-15→ Common Stock (4,048 underlying)
Exercise/Conversion
Restricted Stock Units
[F2][F3]
2026-06-15−1,080→ 25,633 total
Exercise: $0.00From: 2026-06-15Exp: 2028-12-15→ Common Stock (1,080 underlying)

Holdings

Footnotes (3)

[F1]These shares were retained by the Company in order to meet the tax withholding obligations of the reporting person in connection with the vesting of an installment of the restricted stock unit award. The Compensation Committee approved the disposition of shares by the reporting person and the amount retained by the Company was not in excess of the amount of the tax liability.
[F2]Each stock unit converts into one share of Synopsys common stock.
[F3]One-sixth (1/6) of the units vest on the date shown followed by five equal semi-annual installments, subject to continued service through each vesting date.

Signature

By: POA pursuant Mary Lai For: Michael Ellow|2026-06-16

1 file