Form 4: SS&C Director Boulanger Exercises Options, Sells Shares

SS&C Technologies Holdings Director Normand A. Boulanger exercised stock options and subsequently sold a portion of the acquired common stock.

Summary

• Normand A. Boulanger, a Director of SS&C Technologies Holdings Inc, reported transactions on November 25, 2025.
• Exercised options to acquire 200,000 shares of Common Stock at an exercise price of $33.89 per share.
• Subsequently sold 150,000 shares of Common Stock at a weighted average price of $85.8542 per share.
• The shares were sold at varying prices in the range of $85.75 to $86.025.
• Following these transactions, Boulanger beneficially owns 386,924 shares of Common Stock directly.
• The exercised option was a 'time-based' option that vested in full on December 22, 2019.

Sentiment

Score: 6

Explanation: The filing reports a routine insider transaction where a director exercised vested stock options and subsequently sold a portion of the acquired shares, realizing a substantial profit. This is a common practice and does not inherently signal strong positive or negative sentiment for the company's future, hence a slightly positive but largely neutral score.

Positives

• Director Boulanger realized a significant gain by exercising options at $33.89 and selling shares at an average of $85.8542.
• The exercise of options indicates the director is taking advantage of vested equity.

Negatives

• The sale of 150,000 shares by a director could be perceived as a reduction in insider ownership, though a substantial number of shares (386,924) are still held.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

This is a routine insider transaction report, common across all industries, where a director exercises vested stock options and sells a portion of the resulting shares. It does not provide specific insights into broader industry trends or competitive positioning.

Related Party Transactions

• The transactions involve Normand A. Boulanger, a Director of SS&C Technologies Holdings Inc, which constitutes a related party transaction.

Stakeholder Impact

• Shareholders: Minor impact. A director selling shares might be viewed with slight caution, but the amount is not excessively large relative to the company's market capitalization, and the director still holds a significant stake.
• Employees, Customers, Suppliers, Creditors: No direct impact from this filing.

Key Dates

Keywords

SS&C Technologies Holdings, SSNC, insider trading, Form 4, stock options, share sale, director transaction, equity, beneficial ownership