LEE JANET 4

What Happened

• Janet Lee, General Counsel & Corporate Secretary of Synopsys (SNPS), exercised/converted 2,873 derivative awards (RSUs/stock units) on 2026-02-16. The conversion shows $0.00 exercise price (vesting/conversion rather than a paid option exercise).
• To satisfy tax withholding, the company retained 921 shares at $437.09 per share, resulting in cash withheld of $402,560. Net shares delivered to Lee were 1,952 (2,873 total minus 921 withheld).
• This is a routine vesting/conversion and share-withholding for taxes, not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-02-16; reported on Form 4 filed 2026-02-17 (timely filing).
• Actions reported: Exercise/conversion of 2,873 derivative units (code M) and withholding of 921 shares for taxes (code F).
• Withholding price and proceeds: 921 shares × $437.09 = $402,560 (as disclosed).
• Net shares delivered to insider: 1,952 (2,873 − 921).
• Footnotes: F1 — Company retained shares to satisfy tax withholding; amount not in excess of tax liability. F2 — Award vests on the date shown followed by quarterly installments, subject to continued service.
• Shares owned after transaction: Not specified in the supplied excerpt; see the filed Form 4 for post-transaction holdings.

Context

• This filing documents a conversion/vesting event and routine tax withholding (a cashless-like outcome); it does not represent an open-market sale or buy signaling new investment intent.
• For retail investors: vesting and withholding are common for executives receiving equity compensation. Purchases tend to be more informative about insider sentiment than routine vesting events.