Form 4: SYNAPTICS CFO Sells Shares for Tax Obligations

Ken Rizvi, Senior Vice President and Chief Financial Officer of SYNAPTICS Inc., disposed of 2,848 shares of common stock on August 22, 2025, to satisfy tax withholding obligations.

Summary

• Ken Rizvi, Senior Vice President and Chief Financial Officer of SYNAPTICS Inc. (SYNA), reported a transaction on August 22, 2025.
• The transaction involved the disposition of 2,848 shares of SYNAPTICS common stock.
• These shares were withheld by the Issuer to cover tax withholding obligations associated with the vesting of restricted stock units.
• The price per share for the disposition was $71.45.
• Following this transaction, Ken Rizvi beneficially owns 130,132 shares of SYNAPTICS common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposition of shares for tax purposes related to RSU vesting, which is a neutral event for company sentiment.

Positives

• The transaction is a non-discretionary sale for tax purposes, not an open market sale indicating a lack of confidence in the company's future.
• The reporting person retains a significant beneficial ownership of 130,132 shares, aligning interests with shareholders.

Negatives

• A reduction in direct beneficial ownership by 2,848 shares, although for tax purposes.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• The reporting person is Senior Vice President and Chief Financial Officer.
• Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations associated with the vesting of restricted stock units.

Industry Context

This insider transaction is a routine event for executives receiving equity compensation and does not reflect broader industry trends or competitive positioning.

Comparison to Industry Standards

• This type of transaction (shares withheld for tax obligations upon RSU vesting) is a standard practice across publicly traded companies that grant equity compensation to executives. It is a common mechanism for insiders to manage tax liabilities without initiating a discretionary sale.

Stakeholder Impact

• Shareholders: Minimal impact as it is a non-discretionary tax-related sale, not indicative of management's view on future performance. The CFO still holds a substantial number of shares.
• Employees: No direct impact.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Key Dates

Keywords

SYNAPTICS, SYNA, Ken Rizvi, CFO, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Restricted Stock Units, RSU Vesting