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.