Synaptics' CFO Disposed of Stock as an 88%-12% OnSemi Ownership Split Takes Shape. Here's What to Know
Key PointsKen Rizvi disposed of 17,251 shares on August 17, representing a total transaction value of $1.9 million.
CFO Ken Rizvi of Synaptics Incorporated disposed of 17,251 shares of the company's stock on August 17, as reported in an SEC Form 4 filing. The transaction, valued at $110.58 per share based on the weighted average sale price, and the post-transaction value also at $110.58, reflects a significant move within the company's ownership structure.
Synaptics, a global semiconductor solutions provider headquartered in San Jose with a market capitalization of $4.1 billion, focuses on enhancing user experience through human-machine interface and connectivity technologies. The company's recent stock sale, while not indicative of a broader trend, underscores the evolving ownership landscape as Synaptics navigates near-term profitability challenges in the competitive semiconductor sector.
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