Form 4: Synopsys CEO Sassine Ghazi Reports Stock Transactions

Synopsys President and CEO Sassine Ghazi reported the acquisition and sale of company common stock under a pre-arranged 10b5-1 trading plan.

Summary

• Sassine Ghazi, President and CEO of Synopsys Inc (SNPS), reported multiple transactions involving the company's common stock.
• On August 29, 2025, Ghazi acquired 26 shares of common stock at a price of $376.771 per share under the Synopsys, Inc. Employee Stock Purchase Plan (ESPP).
• On September 2, 2025, Ghazi exercised non-qualified stock options to acquire 11,366 shares of common stock at an exercise price of $89.76 per share.
• Immediately following the option exercise on September 2, 2025, Ghazi sold 11,366 shares of common stock at a weighted average price of $589.0133 per share. The sales occurred in multiple transactions ranging from $585.19 to $591.265.
• All reported transactions were executed pursuant to a Rule 10b5-1 trading plan adopted on September 30, 2024.
• Following these transactions, Ghazi's direct beneficial ownership of Synopsys common stock is 71,615 shares.

Sentiment

Score: 5

Explanation: The transactions are routine insider activity executed under a pre-arranged 10b5-1 trading plan, indicating no new positive or negative sentiment from management regarding the company's prospects.

Positives

• Acquisition of 26 shares of common stock through the Employee Stock Purchase Plan (ESPP) on August 29, 2025, at $376.771 per share, indicating participation in employee ownership programs.
• The exercise of non-qualified stock options on September 2, 2025, at a significantly lower price of $89.76 compared to the market sale price, demonstrates the value of long-term equity incentives.

Negatives

• The sale of 11,366 shares of common stock by the President and CEO, even if pre-planned, represents a reduction in direct holdings from the exercised options, which some investors might view as a lack of increased conviction.

Future Outlook

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

Industry Context

This filing is a routine insider transaction report and does not provide information directly related to broader industry trends or competitive landscape.

Stakeholder Impact

• Minimal direct impact on shareholders as these are routine, pre-planned insider transactions that do not signal a change in the company's fundamental outlook.

Key Dates

Recommendation

The reported transactions are routine exercises of stock options and sales under a pre-arranged 10b5-1 trading plan, along with a small ESPP acquisition. These activities do not signal a change in the company's fundamental outlook or management's confidence that would warrant an alteration to an existing investment thesis. Therefore, a 'hold' recommendation is appropriate, maintaining current positions based on broader company fundamentals rather than these specific insider transactions.

Keywords

Synopsys, SNPS, Sassine Ghazi, Form 4, Insider Trading, Stock Option Exercise, ESPP, 10b5-1 Plan, Common Stock, Executive Compensation