Form 4: Synaptics Executive Sells Shares Under 10b5-1 Trading Plan

A Synaptics executive, Vikram Gupta, sold 412 shares of common stock at $80.17 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Vikram Gupta, a Senior Vice President & General Manager and Chief Product Officer at Synaptics, sold 412 shares of common stock.
• The sale occurred on November 27, 2024, at a price of $80.17 per share.
• The transaction was executed under a pre-arranged 10b5-1 trading plan established on March 14, 2024.
• Following the transaction, Mr. Gupta directly owns 41,206 shares of Synaptics stock.

Sentiment

Score: 5

Explanation: The document reports a routine stock sale by an executive under a pre-arranged plan, which is neither positive nor negative for the company's overall outlook.

Industry Context

This is a routine disclosure of an insider stock sale, which is common for executives at publicly traded companies. The use of a 10b5-1 trading plan indicates the sale was pre-planned and not based on any material non-public information.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a standard practice for executives at publicly traded companies like Synaptics to avoid accusations of insider trading.
• Similar transactions are regularly reported by executives at comparable companies such as Texas Instruments (TXN), Analog Devices (ADI), and Qualcomm (QCOM).
• The volume of shares sold is relatively small compared to the total outstanding shares of Synaptics, suggesting it is a routine transaction.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the stock price due to the small volume and pre-planned nature of the transaction.

Key Dates

Keywords

Synaptics, insider trading, stock sale, 10b5-1 plan, executive, SYNA, share transaction