Synopsys (SNPS) CEO Ghazi Sassine Exercises Options, Sells Shares

What Happened

• Ghazi Sassine, President and CEO of Synopsys, exercised 14,604 stock options (derivative code M) at a strike price of $135.88, paying about $1,984,392, and then sold those 14,604 shares in the open market for net proceeds of $5,474,683 (weighted average sale price $374.88) on September 15, 2026. The filing also shows the derivative position was extinguished (reported as a $0.00 disposition), reflecting conversion of the options into shares.

Key Details

• Transaction date: 2026-09-15; Form filed: 2026-09-16 (timely)
• Exercise: 14,604 shares acquired at $135.88 each — total outlay ~$1,984,392
• Sale: 14,604 shares disposed at a weighted average price of $374.88 — proceeds ~$5,474,683
• Sale price range per footnote: $371.995 to $379.990 (reporting person can provide per-price breakdown)
• Reported to have been executed pursuant to a Rule 10b5-1 trading plan adopted September 19, 2025
• Shares owned after the transactions: not specified in the provided excerpt of the filing

Context

• This sequence (exercise of options followed immediately by sale) is effectively a cashless exercise — the exercised shares were sold right away to cover the exercise cost/lock in proceeds.
• The sale was done under a pre-established 10b5-1 plan, which indicates the trades were scheduled in advance and are generally considered routine rather than an ad hoc signal of sentiment.