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TD SYNNEX CORP [SNX]

Reporting date: 10/09/2025

⚠️ Neutral Insider Mix Detected

📝 What Happened

  • Insider: POLK DENNIS
  • Role: Hyve Solutions Executive (Director; Officer)
  • Company: TD SYNNEX CORP (SNX)
  • Transaction Date(s): 2025-10-09
  • Table I (Non-Derivative Securities)
    • Sale : 17,500 shares
    • Average Sale Price: $156.50
    • Total Value: $2,738,784
    • Post-Transaction Direct Holdings: 31,117 shares
    • Indirect Holdings: 81,660 shares (by trust)
    • 10b5-1 Plan Used? No

📄 Summary

POLK DENNIS, Hyve Solutions Executive (Director/Officer) at TD SYNNEX CORP (SNX), mixed 17,500 shares on October 9, 2025, at an average price of $156.50, realizing proceeds of about ~$2,738,784. After the transaction, he now holds 31,117 direct shares and 81,660 indirect shares (by trust). For retail traders, this is a neutral-to-slightly bearish event: exercise-and-sell to cover obligations, not an accumulation signal.

🔑 Interpretation

  • Type: Comp-related — exercise of vested options followed by sale (transaction codes and derivative entries indicate option exercise and immediate disposition).
  • Disposition: Shares were effectively sold immediately after acquisition (the number of shares acquired equals the number sold on the same date).
  • Size Context: The sold 17,500 shares represent a moderate liquidation relative to total holdings (~112,777 combined direct+indirect after the trade); appears to be liquidity/tax-driven rather than a major directional bet.
  • ATH Metric: Using recent price context (sales centered around $155–$157 and yesterday's trading roughly in that range), this trade did not occur at an obvious all-time high or low and does not appear opportunistically timed to extremes — more consistent with routine option exercises and sell-to-cover activity.
  • Outlier Check: Not unusually large for a one-off option exercise/sale by an insider; mirrors typical exercise-and-sell patterns rather than a rare, outsized divestiture.

📊 Bullish or Bearish?

Neutral → Slightly Bearish

Neutral → Slightly Bearish. The filing shows option exercises (derivative entries) followed by immediate sales (non-derivative S codes), producing roughly $2.74M in proceeds; net holdings did not materially increase, so there is no clear bullish accumulation signal. Cluster activity cannot be determined from this filing alone.

✅ Bottom Line (Retail Takeaway)

This transaction looks like routine exercise-and-sell (likely to cover exercise costs/taxes) rather than a definitive bearish signal. For retail traders, it’s mostly noise — not a standalone trade trigger unless multiple senior insiders sell heavily or other negative signals emerge.