Form 4: Synopsys CEO Sassine Ghazi Executes Stock Option and Sells Shares
SEC Form 4 Filing
Synopsys CEO Sassine Ghazi exercised stock options and sold shares on August 23, 2024, according to a Form 4 filing with the SEC.
Summary
- On August 23, 2024, Synopsys CEO Sassine Ghazi exercised non-qualified stock options to acquire 10,293 shares of common stock at a price of $90.51 per share.
- Simultaneously, Ghazi sold 10,293 shares of Synopsys common stock at a weighted average price of $553.8911, with individual sales ranging from $549.845 to $558.88.
- Following these transactions, Ghazi directly owns 62,568 shares of Synopsys common stock.
- The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 27, 2023.
Sentiment
Score: 5
Explanation: The document reports routine stock transactions by the CEO under a pre-existing trading plan, indicating a neutral sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. Monitoring these transactions can provide insights into management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 12/08/2018 | Date exercisable for Non-Qualified Stock Option |
| 09/27/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 08/23/2024 | Date of stock option exercise and stock sale |
| 08/27/2024 | Date of Form 4 filing |
| 12/08/2024 | Expiration date for Non-Qualified Stock Option |
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