Company: SNPS
Filing Date: 2025-07-17
Form Type: 8-K
Source: 0001140361-25-026139
Chunk: 3

Company: SYNOPSYS INC
Filing Date: 2025-07-17
Form: 8-K
Item: Item 2.01
Chunk 3
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 each unvested RSU that was not a Specified RSU was converted into that number of Synopsys
RSUs, rounded to the nearest whole share, equal to the product of (i) the number of shares of Ansys Common Stock subject to such RSU (and, for RSUs that are performance-based, such number of shares of Ansys Common Stock based on the attainment of the
applicable performance metrics specified in the Merger Agreement), including any accrued but unpaid dividend thereon, multiplied by (ii) the Conversion Ratio. Any converted RSU will be subject to the same terms and conditions as were applicable to
the underlying RSU immediately prior to the Effective Time, provided that for any RSU that was performance-based, the performance metrics applicable to such RSU do not apply following the Effective Time.

On March 17, 2025, Synopsys issued $10.0 billion of senior notes described in further detail in Item 1.01 in Synopsys’ Current Report on Form 8-K filed
with the Securities and Exchange Commission (“ SEC”) on March 17, 2025.

Synopsys funded the Cash Consideration through a combination of cash on hand, proceeds from the issuance of senior notes and borrowings under the Term
Loan Credit Agreement referred to in Item 2.03 below.

The description of the effects of the Merger Agreement and the transactions contemplated
by the Merger Agreement does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Merger Agreement, which was filed as Exhibit 2.1 to Synopsys’ Form 8-K, filed with the SEC on January 16,
2024, and which is incorporated herein by reference.