Cadence Design Systems officer proposes $768K sale

The sale list includes 1,446 restricted stock units and 955 performance stock awards acquired from Cadence Design Systems in 2026.

Available on EDGAR 11/09/2026 - 04:29 PM EST Accepted by SEC EDGAR 11/09/2026 - 04:29 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Cadence Design Systems, Inc. (CDNS) officer Paul Scannell reported a proposed sale of 2,401 common shares, with an aggregate market value of $768,127.92 and an approximate sale date of November 9, 2026. The notice lists September 9, 2025 as the Rule 10b5-1 plan adoption date. The shares listed include 1,446 restricted stock units acquired September 17, 2026, and 955 performance stock awards acquired November 6, 2026. Scannell's reported sales during the prior three months included 280 shares on August 26, 2026, for gross proceeds of $94,920.00.

Key Figures

Common shares proposed for sale: 2,401 shares Aggregate market value: $768,127.92 Restricted stock units: 1,446 units +3 more

6 metrics

Common shares proposed for sale 2,401 shares Approximate sale date: November 9, 2026

Aggregate market value $768,127.92 Shares proposed for sale

Restricted stock units 1,446 units Acquired September 17, 2026

Performance stock awards 955 awards Acquired November 6, 2026

Shares sold in prior three months 280 shares Sale date: August 26, 2026

Gross proceeds $94,920.00 Reported sale of 280 shares on August 26, 2026

Key Terms

Rule 10b5-1, Restricted Stock Units, Performance Stock Awards

3 terms

Rule 10b5-1 regulatory

"Date of Plan Adoption ... If Relying on Rule 10b5-1"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

Restricted Stock Units financial

"Nature of Acquisition Transaction: Restricted Stock Units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Performance Stock Awards financial

"Nature of Acquisition Transaction: Performance Stock Awards"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many CDNS shares did Paul Scannell report for sale?

Paul Scannell reported a proposed sale of 2,401 common shares, with an aggregate market value of $768,127.92 and an approximate sale date of November 9, 2026. The notice lists September 9, 2025 as the Rule 10b5-1 plan adoption date.

How many CDNS shares did Paul Scannell sell in the prior three months?

The reported prior-three-month sale was 280 shares on August 26, 2026, for gross proceeds of $94,920.00.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0002031609
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	CADENCE DESIGN SYSTEMS, INC.
SEC File Number	000-15867
Address of Issuer	2655 Seely Avenue, Building 5, San Jose CALIFORNIA 95134
Phone	4089431234
Name of Person for Whose Account the Securities are To Be Sold	PAUL SCANNELL
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	2401	768127.92	274379000	11/09/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/17/2026	Restricted Stock Units	Issuer			1446	09/17/2026	N/A
Common	11/06/2026	Performance Stock Awards	Issuer			955	11/06/2026	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for PAUL SCANNELL 2655 Seely Avenue, Building 5, San Jose CA 95134	Common	08/26/2026	280	94920.00

144: Remarks and Signature

Remarks
Date of Notice	11/09/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	09/09/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Paul Scannell
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)