Ganesan Satish 4

What Happened

• Satish Ganesan, Senior Vice President, General Manager Edge Interface & Sensing Division, and Chief Strategy Officer at Synaptics, reported two equity transactions in mid‑April 2026. He had 5,862 shares of common stock withheld by the issuer to satisfy tax withholding on settled restricted stock units (5,862 shares × $80.22 = $470,250). He also sold 5,065 shares in an open‑market transaction at $81.22 per share for proceeds of $411,379. Both events were reported on a Form 4 filed April 21, 2026.

Key Details

• Transaction dates and prices:
  • 2026-04-17: 5,862 shares withheld for tax withholding at $80.22 (value $470,250).
  • 2026-04-20: 5,065 shares sold in open market at $81.22 (proceeds $411,379).
• Open‑market sale was executed pursuant to a 10b5‑1 trading plan dated September 11, 2025.
• Withholding (code F) represents shares retained by the issuer to cover tax obligations on RSU settlement.
• Shares owned after the transactions: not disclosed in the excerpt of the filing.
• Filing: Form 4 filed April 21, 2026 — within the standard two business‑day reporting window for these transactions.

Context

• The withheld shares reflect tax withholding on restricted stock unit settlement (routine administrative action), not an open‑market sale for cash. The separate sale of 5,065 shares was conducted under a prearranged 10b5‑1 plan, which typically indicates planned, not opportunistic, selling. These are sales (not purchases), so they are not a direct bullish signal; however, 10b5‑1 sales and tax withholding are common and generally viewed as routine insider activity.