Form 4: Ansys Director Glenda Dorchak Sells 150 Shares Under 10b5-1 Plan

Director Glenda Dorchak sold 150 shares of Ansys Inc. (ANSS) common stock at a price of $342.08 per share on April 8, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On April 8, 2024, Glenda Dorchak, a director of Ansys Inc. (ANSS), sold 150 shares of common stock.
• The sale was executed at a price of $342.08 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan.
• Following the transaction, Dorchak directly owns 3,049 shares of Ansys, which includes 967 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This is a routine disclosure of an insider transaction. It's common for corporate insiders to set up 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but the effect is likely minimal given the small number of shares involved and the pre-planned nature of the transaction.

Key Dates