Form 4: Synopsys Executive Chair Aart de Geus Executes Stock Options and Sells Shares

Aart de Geus, Executive Chair of Synopsys, exercised stock options and sold shares of common stock on June 26 and 27, 2024, according to a Form 4 filing with the SEC.

Summary

• Aart de Geus, the Executive Chair of Synopsys Inc., engaged in transactions involving the company's common stock on June 26 and 27, 2024.
• He exercised non-qualified stock options to acquire 2,899 shares on June 26 and 8,158 shares on June 27 at a price of $89.76 per share.
• Concurrently, he sold 2,899 shares on June 26 at a weighted average price of $600.5733 and 8,158 shares on June 27 at a weighted average price of $602.588.
• These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 25, 2024.
• Following these transactions, de Geus directly owns 106,983 shares of common stock.
• He also indirectly owns 122,226 shares through a family trust, 14,500 shares through a partnership, and 186,551 shares through a separate property trust.

Sentiment

Score: 5

Explanation: The document simply reports stock transactions, so the sentiment is neutral.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are closely watched by investors for insights into management's perspective on the company's value and future prospects.

Key Dates