Ghazi Sassine 4
4 · SYNOPSYS INC · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Synopsys (SNPS) CEO Ghazi Sassine Exercises Options, Sells Shares
What Happened
Ghazi Sassine, President and CEO of Synopsys, exercised options to acquire 14,603 shares by paying $135.88 per share (total exercise cost $1,984,256) and sold those 14,603 shares in an open-market transaction for a weighted-average price of $458.96 per share (total proceeds $6,702,222) on June 15, 2026. In addition, 3,310 stock units converted into shares (no exercise price) and were disposed, and 1,492 shares were surrendered/retained to satisfy tax withholding obligations (proceeds/value shown $677,935).
Key Details
- Transaction date: June 15, 2026. Sale weighted-average price: $458.96 per share (range of sale prices reported $454.56–$462.99).
- Option exercise: 14,603 shares exercised at $135.88 (total $1,984,256). Sale: 14,603 shares sold for $6,702,222.
- Tax withholding: 1,492 shares disposed/retained to cover taxes at an average of $454.38 (value $677,935).
- Conversion/vest: 3,310 stock units converted into shares and were disposed (reported at $0 exercise price). Each unit converts 1:1 into shares; vesting occurs in installments (one-sixth initial, then five equal semiannual installments).
- Trading plan: Sales were effected under a Rule 10b5-1 trading plan adopted September 19, 2025.
- Shares owned after the transactions: not specified in the provided filing excerpt.
Context
This sequence shows a common cashless exercise pattern: options were exercised and equivalent shares were sold immediately under a pre-established 10b5-1 plan. Sales under 10b5-1 plans are preplanned and do not necessarily reflect contemporaneous changes in insider sentiment. The filing notes company retention of shares solely to satisfy tax withholding.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-06-15$135.88/sh+14,603$1,984,256→ 89,623 total - Sale
Common Stock
[F1]2026-06-15$458.96/sh−14,603$6,702,222→ 75,020 total - Exercise/Conversion
Common Stock
2026-06-15+3,310→ 78,330 total - Tax Payment
Common Stock
[F2]2026-06-15$454.38/sh−1,492$677,935→ 76,838 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F3]2026-06-15−14,603→ 29,208 totalExercise: $135.88From: 2020-12-12Exp: 2026-12-12→ Common Stock (14,603 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F5]2026-06-15−3,310→ 16,546 totalExercise: $0.00From: 2026-06-15Exp: 2028-12-15→ Common Stock (3,310 underlying)
Footnotes (5)
- [F1]Represents a weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $454.56 to $462.99. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range.
- [F2]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.
- [F3]The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was adopted September 19, 2025.
- [F4]Each stock unit converts into one share of Synopsys common stock.
- [F5]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.