01—Abstract
Summary
Summary of the 8-K filed March 2, 2026. Cited figures are marked; the original filing is the authoritative source.
Synopsys, Inc. (Nasdaq: SNPS) disclosed on March 2, 2026 that it entered into an accelerated share repurchase (ASR) agreement with The Bank of Nova Scotia to buy back $250 milliona of its common stock.
The company reported this voluntarily under Item 8.01 (Other Events) and attached the press release as Exhibit 99.1. The filing does not present financial results or change guidance. Under the ASR, Synopsys received an initial share delivery of approximately 513,000 shares.
The final number of shares it ultimately repurchases will be set by the average of Synopsys' daily volume-weighted average share prices over the repurchase period, less an agreed discount. Any remaining shares are to be settled on or before June 1, 2026, when the repurchases are completed. The filing does not disclose the initial reference price, the discount, or the expected total share count, so investors cannot yet determine the final per-share cost or total shares retired.
For investors, the event signals that management views the share price as an attractive use of capital and is returning cash to shareholders. The $250 millionb program is a meaningful but bounded capital return, and its economic impact will depend on the average repurchase price and the settlement timing. The press release's forward-looking statements flag risks including market price movements during the repurchase period, the counterparty's ability to buy or borrow shares, and broader market and banking-sector conditions.
02—Key points
Key Highlights
- Synopsys announced a $250 million accelerated share repurchase (ASR) agreement with The Bank of Nova Scotia on March 2, 2026.
- Synopsys received an initial share delivery of approximately 513,000 shares at the start of the ASR.
- The final share count depends on the average daily VWAP over the repurchase period, less a discount, so the total number of shares retired is not yet fixed.
- Any remaining shares are to be settled on or before June 1, 2026, which sets the expected end date for the program.
- The filing was made voluntarily under Item 8.01 (Other Events) and does not include updated financial results or guidance.
- The press release identifies market price movements, the counterparty's ability to buy or borrow shares, and broader market and banking-sector conditions as key risks.
03—Questions
Frequently Asked Questions
How many shares will Synopsys ultimately repurchase under the ASR?
The filing does not state a final number. Synopsys received an initial delivery of about 513,000 shares. The total will be determined by the average of Synopsys' daily VWAP over the repurchase period, less an agreed discount. Any additional shares are settled on or before June 1, 2026.
What is the total dollar commitment of this repurchase program?
The aggregate commitment is $250 million of Synopsys common stock, executed through an accelerated share repurchase agreement with The Bank of Nova Scotia.
When will the ASR be completed?
The repurchases are to be completed and any remaining shares settled on or before June 1, 2026.
Does this announcement change Synopsys' financial results or guidance?
No. The filing is limited to the ASR announcement under Item 8.01 and does not include financial results, updated guidance, or other financial statements.
What are the main risks to the repurchase program?
The press release cites movements in the share price during the repurchase period, the ability of The Bank of Nova Scotia to buy or borrow shares, and broader economic and market conditions, including banking-sector instability. These factors could affect the number of shares repurchased and the timing of settlement.
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