CFO of Synopsys (SNPS) sells 3,394 shares via 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Synopsys CFO Shelagh Glaser reported an open-market sale of 3,394 shares of Common Stock at a weighted average price of about $450.02 per share, executed through a trust. The transactions were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on January 13, 2026. After the sale, Glaser indirectly held 14,358 shares through the Karl and Shelagh Glaser Revocable Trust and directly held 629 shares. A footnote also describes a prior transfer of 17,752 shares into this revocable trust, noted as exempt under Rule 16a-13.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 3,394 shares ($1,527,372)
Net Sell
2 txns
Insider
Glaser Shelagh
Role
CFO
Sold
3,394 shs ($1.53M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,394 | $450.0211 | $1.53M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 14,358 shares (Indirect, by Trust);
Common Stock — 629 shares (Direct, null)
Footnotes (1)
- The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was adopted January 13, 2026. Represents a weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $450.00 to $457.95. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range. The reporting person transferred 17,752 shares into the Karl and Shelagh Glaser Revocable Trust. The Transfer is exempt from Section 16 by virtue of Rule 16a-13. The shares are indirectly held by the reporting person through the Karl and Shelagh Glaser Revocable Trust.
Key Figures
Shares sold: 3,394 shares
Weighted average sale price: $450.0211 per share
Sale price range: $450.00 to $457.95 per share
+3 more
6 metrics
Shares sold
3,394 shares
Open-market sale of Synopsys Common Stock on June 12, 2026
Weighted average sale price
$450.0211 per share
Average price for the 3,394 shares sold
Sale price range
$450.00 to $457.95 per share
Price range of multiple sale transactions
Indirect holdings after transaction
14,358 shares
Common Stock held indirectly by trust after sale
Direct holdings after transaction
629 shares
Common Stock held directly after reported transactions
Shares transferred to trust
17,752 shares
Prior transfer into Karl and Shelagh Glaser Revocable Trust
Key Terms
Rule 10b5-1 trading plan, Section 16, Rule 16a-13, Karl and Shelagh Glaser Revocable Trust
4 terms
Rule 10b5-1 trading plan regulatory
"The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan that was adopted January 13, 2026."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Section 16 regulatory
"The Transfer is exempt from Section 16 by virtue of Rule 16a-13."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Rule 16a-13 regulatory
"The Transfer is exempt from Section 16 by virtue of Rule 16a-13."
Karl and Shelagh Glaser Revocable Trust financial
"The reporting person transferred 17,752 shares into the Karl and Shelagh Glaser Revocable Trust."
FAQ
What insider transaction did Synopsys (SNPS) CFO Shelagh Glaser report?
Synopsys CFO Shelagh Glaser reported selling 3,394 shares of Common Stock in an open-market transaction. The weighted average sale price was about $450.02 per share, and the sale was executed indirectly through a revocable trust associated with Glaser.