Company: SNPS
Filing Date: 2025-02-26
Form Type: 10-Q
Source: 0000883241-25-000014
Chunk: 120

Company: SYNOPSYS INC
Filing Date: 2025-02-26
Form: 10-Q
Item: Item 1A
Chunk 120
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November 3, 2024 through November 30, 2024— $— — $194,276,393 Month #2December 1, 2024 through December 31, 2024— $— — $194,276,393 Month #3January 1, 2025 through January 31, 2025— $— — $194,276,393 Total— $— — $194,276,393 

(1) In fiscal 2022, our Board of Directors approved a stock repurchase program (the Program) with authorization to purchase up to $1.5 billion of our common stock. As of January 31, 2025, $194.3 million remained available for future repurchases under the Program. However, in connection with the pending Ansys Merger, we have suspended the Program until we reduce our expected debt levels.

See Note 14. Stock Repurchase Program of the Notes to Condensed Consolidated Financial Statements in this Quarterly Report for more information on the Program.

Item  5.Other Information

Insider Adoption or Termination of Trading Arrangements

None of our directors or officers informed us of the adoption, modification or termination of a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement" (as those terms are defined in Item 408(c) of Regulation S-K) during the quarterly period covered by this report, except as described in the table below:Name and TitleActionDate AdoptedCharacter of Trading Arrangement(1)Aggregate Number of Common Stock to be Purchased or Sold Pursuant to Trading ArrangementExpiration Date(2)(3)Shelagh GlaserAdoption 1/13/2025Rule 10b5-1 Trading ArrangementUp to 14,622 shares to be sold12/12/2025Chief Financial Officer(1)Except as indicated by footnote, each trading arrangement marked as a “Rule 10b5-1 Trading Arrangement” is intended to satisfy the affirmative defense of Rule 10b5-1(c), as amended (the Rule).(2)Except as indicated by footnote, each trading arrangement permitted or permits transactions through and including the earlier to occur of (a) the completion of all purchases or sales or (b) the date listed in the table. Each trading arrangement marked as a “Rule 10b5