Form 4: Synopsys Director Roy Vallee Sells 10,000 Shares
SEC Form 4
Director Roy Vallee of Synopsys Inc. sold 10,000 shares of common stock on February 27, 2024, at an average price of $572.6595 per share.
Summary
- On February 27, 2024, Roy Vallee, a director of Synopsys Inc. (SNPS), sold 10,000 shares of the company's common stock.
- The sale was executed at a weighted average price of $572.6595 per share, with individual transactions ranging from $567.69 to $577.63.
- Following the transaction, Vallee directly owns 2,266 shares and indirectly owns 20,000 shares through a partnership.
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock sale by a company director. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Insider sales are a common occurrence and are often scrutinized by investors for insights into a company's prospects, although they don't always indicate a negative outlook.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, potentially leading to slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of transaction: Roy Vallee sold 10,000 shares of Synopsys Inc. common stock. |
| 02/29/2024 | Date of signature on the Form 4 filing. |
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