Synopsys Deputy CFO Exercises & Sells Options Ahead of Expiration

Executive Overview

On October 6, 2026, Sudhindra Kankanwadi, Deputy Chief Financial Officer and Chief Accounting Officer of Synopsys Inc ($SNPS), filed a Form 4 disclosing the exercise of stock options and concurrent sale of the resulting common stock across two consecutive trading days (October 5 and October 6, 2026).

Key Transaction Specifics

1. Option Exercises (Code M):

   • October 5, 2026: Exercised 3,000 options at a strike price of $135.88 per share.
   • October 6, 2026: Exercised 9,170 options at a strike price of $135.88 per share.
   • Total Options Exercised: 12,170 shares for an aggregate strike cost of ~$1,653,659.60.
   • Option Expiration Date: December 12, 2026 (expiring in approximately two months).

2. Open Market Dispositions (Code S):

   • October 5, 2026: Sold 3,000 shares at $484.78 per share ($1,454,340.00).
   • October 6, 2026: Sold 9,170 shares at $500.00 per share ($4,585,000.00).
   • Total Disposed Value: $6,039,340.00.
   • Net Pre-Tax Cash Flow: ~$4,385,680.40.

3. Post-Transaction Holdings:

   • The insider's directly held common stock balance remained identical before and after the transactions at 22,717 shares.
   • Derivative holdings corresponding to this option grant were completely cleared to zero.

Market and Trading Assessment

• Trading Significance: Low. These transactions reflect classic option exercise-and-sell activity driven by an upcoming expiration date (December 12, 2026). The reporting owner did not decrease their core equity base of 22,717 directly held common shares.