Form 4: Synopsys Inc. Executive Richard S. Mahoney Reports Stock Sale
SEC Form 4 Filing
Richard S. Mahoney, Chief Revenue Officer of Synopsys Inc., reported the sale of 3,316 shares of common stock on June 18, 2024, at a price of $611.41 per share.
Summary
- On June 18, 2024, Richard S. Mahoney, the Chief Revenue Officer of Synopsys Inc., sold 3,316 shares of the company's common stock.
- The sale was executed at a price of $611.41 per share.
- Following the transaction, Mahoney directly owns 3,265 shares of Synopsys Inc.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on September 13, 2023.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock sale by an executive, which is neither particularly positive nor negative.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 09/13/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 06/18/2024 | Date of stock sale transaction |
| 06/21/2024 | Date of Form 4 filing |
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