Company: SNPS
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0000883241-25-000008
Chunk: 49

Company: SYNOPSYS INC
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 49
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          — |           |
| Each other person who received or is to receive 5% of awards                     |     |           |          — |           |
| All employees, excluding executive officers, as a group                          |     |           | 51,940,534 |           |

(1) Reflects shares subject to stock awards that have been granted to Mr. Ghazi (522,878) and Dr. de Geus (3,159,631).

#### 2025 Proxy Statement49
We are asking our stockholders to approve our Employee Stock Purchase Plan, as amended (the Purchase Plan), in order to, among other things, (i) increase the number of shares of common stock, par value of $0.01 per share, available for issuance under the Purchase Plan by 2,200,000 shares, representing approximately 1.31% of our shares of common stock outstanding as of January 31, 2025, (ii) replace the definition of change of ownership with the corresponding definition in the 2006 Employee Plan, (iii) allow flexibility under the Purchase Plan to reduce the 15% discount in an offering, and (iv) make certain clarifying changes and updates. We adopted the Purchase Plan so we could offer employees of Synopsys and eligible affiliates the opportunity to purchase Synopsys common stock at a discounted price as an incentive for continued employment and to help align their interests with those of our stockholders. We are proposing an increase in the number of shares available for issuance under the Purchase Plan to help us to continue providing this benefit to new and current employees. Stockholder approval of the Purchase Plan is also being sought for the purpose of qualifying certain shares of common stock issued under the Purchase Plan for special tax treatment under Section 423 of the Code (Section 423).

Our Board of Directors approved the Purchase Plan in January 2025, subject to stockholder approval. The Purchase Plan is effective as of such date, subject to stockholder approval. If the Purchase Plan is not approved by stockholders, then it will cease to be effective, and the Purchase Plan as in effect prior to such amendment will continue in effect in accordance with its terms.

Approval of the Purchase Plan requires that the holders of a majority of the shares having voting power present in person or represented by proxy and voting on such matter at the Annual Meeting vote “For” this Proposal 3. Abstentions and broker non-votes will not be counted as either votes cast “For” or “Against” Proposal