Kankanwadi Sudhindra 4

What Happened

• Kankanwadi Sudhindra, Deputy CFO & CAO of Synopsys, had an installment of restricted stock units convert into 720 shares on 2026-06-15 (reported 2026-06-16). The company withheld 249 of those shares to cover tax withholding obligations at $454.38/share (total withheld ~ $113,141). The gross value of the 720 shares was about $327,154; the net 471 shares retained are worth roughly $214,013 at the reported price.

Key Details

• Transaction date: 2026-06-15; Form 4 filed: 2026-06-16 (timely).
• Codes: M = conversion of derivative (RSU conversion) at $0.00 per share; F = shares withheld to satisfy tax liability at $454.38/share.
• Shares acquired on conversion: 720; shares disposed/withheld for taxes: 249 (cashless withholding).
• Amount reported withheld/paid: $113,141; gross value of vested shares: $327,154; net shares retained: 471 ($214,013).
• Shares owned after the transaction: not specified in this filing.
• Footnotes: F1 confirms shares were retained by the company solely to meet the reporting person’s tax withholding obligations and not in excess of the tax liability. F2 notes each stock unit converts into one share; F3 notes the award vests in one-sixth now followed by five equal semi-annual installments.

Context

• This was a routine RSU vesting and tax-withholding event (a cashless withholding), not an open-market sale or purchase. Such withholdings are common for vested equity and do not, by themselves, indicate a change in the insider’s view of the company.