Company: SNPS
Filing Date: 2025-07-17
Form Type: 8-K
Source: 0001140361-25-026139
Chunk: 2

Company: SYNOPSYS INC
Filing Date: 2025-07-17
Form: 8-K
Item: Item 2.01
Chunk 2
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sys or its subsidiaries (each, a “ Specified Option”) was canceled and
extinguished, and the holder thereof became entitled to receive an amount in cash as specified in the Merger Agreement and (ii) each out-of-the-money option held by a person who, as of immediately prior to the Effective Time, was no longer an
employee or other service provider to Ansys or any of its subsidiaries (a “ Canceled Option”) was canceled and extinguished for no consideration.

Pursuant to the Merger Agreement, as of the Effective Time, each option to purchase shares of Ansys Common Stock that was not a Specified
Option or a Canceled Option was assumed by Synopsys and converted into an option to purchase, on the same terms and conditions as were applicable under such option, a number of shares of Synopsys Common Stock (rounded down to the nearest whole
share) based on a conversion ratio equal to the sum of the Exchange Ratio plus the quotient obtained by dividing the Per Share Cash Amount by the volume weighted average trading price of Synopsys Common Stock for the five consecutive trading days
ending on July 16, 2025 (the “ Conversion Ratio”).

Pursuant to the Merger Agreement, as of the Effective Time, each outstanding Ansys restricted stock unit (“ RSU”)

that (i) was vested but not yet settled as of immediately prior to the Effective Time, (ii) was outstanding as of immediately prior to the Effective Time and was granted to a non-employee member of Ansys’ board of directors, (iii) vested effective as
of the Effective Time in accordance with its terms, or (iv) was outstanding and not forfeited in accordance with its terms immediately prior to the Effective Time and held by a person who, as of immediately prior to the Effective Time, was no longer
an employee or other service provider to Ansys or its subsidiaries (each, a “ Specified RSU”) was canceled and extinguished, and the holder thereof became entitled to receive (x) the Merger
Consideration on the same terms and conditions as outstanding shares of Ansys Common Stock and (y) an amount in cash equal to any accrued but unpaid dividend with respect to each RSU, with the number of shares of Ansys Common Stock subject to those
RSUs that are performance-based to be determined based on the attainment of applicable performance metrics specified in the Merger Agreement.

Pursuant to the Merger Agreement, as of the Effective Time,