This cluster is routine — CEO/CFO/Chair transactions are tied to option exercises and tax withholding, not opportunistic selling. At 0.0095% of market cap, the trades are noise. Monitor the upcoming Q3 earnings (expected mid-August) for the real catalyst. The calibration data shows past bullish calls on SNPS underperformed at T+20 — no read-through to fundamentals from this filing.
Price Chart
Executive Summary
Synopsys CEO Ghazi Sassine and CFO Shelagh Glaser sold a combined $8.23M in open-market sales within a week, with Sassine's transaction following derivative exercises and tax-withholding events. CEO and Chair Aart de Geus also exercised non-cash options and had shares withheld for taxes. At an $87B market cap, total open-market sales of $8.23M represent ~0.0095% of market cap — trivial by proportionality standards, and the sales follow a routine pattern of option exercise plus same-day sale (cashless exercise). No material informational signal from this cluster alone.
Key Financial Metrics
Key Facts
- CEO Ghazi Sassine sold 14,603 shares open-market for ~$6.70M on June 15, 2026, at $458.96
- CFO Shelagh Glaser sold 3,394 shares open-market for ~$1.53M on June 12, 2026, at $450.02
- Total open-market sales of $8.23M represent ~0.0095% of Synopsys' $87B market cap
- CEO also exercised 14,603 options at $135.88 (non-cash) and had 1,492 shares withheld for taxes worth ~$678K
- Chair Aart de Geus exercised non-cash options for 449 shares and had 156 shares withheld for taxes worth ~$71K
- All sales-tied-to-exercise follow a routine pattern of cashless option exercises — not a conviction sell signal
- Cross-filing amplifiers present but do not override — the underlying cluster is trivial in economic magnitude
Financial Impact
Open-market sales of $8.23M against $87B market cap — negligible economic impact
Risk Factors
- CEO sold at $458.96, near current levels — if earnings disappoint, the sale timing could appear opportunistic in hindsight
- Calibration data shows T+20 alpha for SNPS reports is negative on average (-2.11% net alpha), suggesting model over-scoring on this ticker historically
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SNPS-1781643458580 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 25, 2026 7d ago | ANALYST-UPGRADE | — | awaiting T+5 | — | — |
Sep 10, 2026 22d ago | ANALYST-UPGRADE | $397.17 $381.17 | ▼ −4.03% | ▼ −3.53% | $489.90 (+23.35%) |
Sep 8, 2026 24d ago | ANALYST-UPGRADE | $392.03 $367.70 | ▼ −6.21% | ▼ −5.09% | $489.90 (+24.96%) |
Aug 27, 2026 5w ago | ANALYST-UPGRADE | $464.89 $414.77 | ▼ −10.78% | ▼ −11.05% | $489.90 (+5.38%) |
Jul 16, 2026 11w ago | ANALYST-UPGRADE | $417.03 $373.52 | ▼ −10.43% | ▼ −8.76% | $489.90 (+17.47%) |
Jun 23, 2026 14w ago | ANALYST-UPGRADE | — | awaiting T+5 | — | — |
Jun 16, 2026 15w ago | Insider Cluster | $461.74 $463.93 | ▲ +0.47% | ▲ +1.52% | $489.90 (+6.10%) |
Jun 16, 2026 15w ago | Insider Cluster | $461.74 $463.93 | ▲ +0.47% | ▲ +1.52% | $489.90 (+6.10%) |
Jun 16, 2026 15w ago | Insider Cluster | $461.74 $463.93 | ▲ +0.47% | ▲ +1.52% | $489.90 (+6.10%) |
May 27, 2026 18w ago | 8-K | $480.64 $493.02 | ▲ +2.58% | ▲ +2.26% | $489.90 (+1.93%) |
US Market Status
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