AI English summary of an SEC filing — figures as filed
Synopsys said on October 5, 2026 it entered into an accelerated share repurchase agreement (ASR) with JPMorgan Chase Bank, National Association to repurchase an aggregate of $1 billion of Synopsys stock.
Key points
AI summarySynopsys said on October 5, 2026 it entered into an accelerated share repurchase agreement (ASR) with JPMorgan Chase Bank, National Association to repurchase an aggregate of $1 billion of Synopsys stock.
Under the terms of the ASR, Synopsys said it will receive an aggregate initial share delivery of approximately 1,735,000 shares, with the remainder, if any, to be settled upon completion of the repurchases.
Synopsys said the remainder will be settled on or before January 5, 2027. The specific number of shares that Synopsys ultimately repurchases under the ASR will be based on the average of Synopsys' daily volume-weighted average share prices during the repurchase period, less a discount.
In its press release, Synopsys cited the market price of Synopsys common stock during the repurchase period, the ability of JPMorgan Chase Bank, National Association to buy or borrow shares of Synopsys common stock, and the impact of global and regional economic and market conditions as risks that could affect the settlement of the ASR.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
ASR Agreement with JPMorgan for $1 billion
Synopsys said on October 5, 2026 it entered into an accelerated share repurchase agreement (ASR) with JPMorgan Chase Bank, National Association to repurchase an aggregate of $1 billion of Synopsys stock.
Source · Based on the filing body and exhibits
Initial Share Delivery of Approximately 1,735,000 Shares
Under the terms of the ASR, Synopsys said it will receive an aggregate initial share delivery of approximately 1,735,000 shares, with the remainder, if any, to be settled upon completion of the repurchases.
Source · Based on the filing body and exhibits
Settlement Deadline and Method for Determining Final Share Count
Synopsys said the remainder will be settled on or before January 5, 2027. The specific number of shares that Synopsys ultimately repurchases under the ASR will be based on the average of Synopsys' daily volume-weighted average share prices during the repurchase period, less a discount.
Source · Based on the filing body and exhibits
Risk Factors Related to ASR Settlement
In its press release, Synopsys cited the market price of Synopsys common stock during the repurchase period, the ability of JPMorgan Chase Bank, National Association to buy or borrow shares of Synopsys common stock, and the impact of global and regional economic and market conditions as risks that could affect the settlement of the ASR.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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