Anirudh Devgan to sell 51,822 shares of Cadence (NASDAQ: CDNS) via MS Smith Barney

Rhea-AI Filing Summary

Anirudh Devgan filed a Form 144 proposing the sale of 51,822 shares of Common Stock. The notice lists the broker as Morgan Stanley Smith Barney LLC and identifies securities sourced from restricted stock (3,441 shares, 03/17/2026), performance shares (21,560 shares, 03/17/2025) and shares from a stock option exercise (26,821 shares, 06/01/2026).

Insights

Securities Compliance Analyst

Form 144 notifies a proposed affiliated sale; it is procedural, not a completed trade.

The filing records a proposed sale of 51,822 shares through Morgan Stanley Smith Barney LLC. The notice itemizes sources: 3,441 restricted shares (03/17/2026), 21,560 performance shares (03/17/2025), and 26,821 from a stock option exercise (06/01/2026).

Timing and execution details are not included in the excerpt; subsequent transaction confirmations will appear in trade reports or amended filings if and when the sales occur.

Key Figures

Proposed sale: 51,822 shares Restricted stock: 3,441 shares Performance shares: 21,560 shares +3 more

6 metrics

Proposed sale 51,822 shares Form 144 notice

Restricted stock 3,441 shares dated <date>03/17/2026</date>

Performance shares 21,560 shares dated <date>03/17/2025</date>

Stock option exercise 26,821 shares dated <date>06/01/2026</date>

Recent past sale listed 51,887 shares sale dated <date>05/22/2026</date> (entry in the excerpt)

Aggregate value listed $19,198,190.00 associated with the past sale entry in the excerpt

Key Terms

Form 144, Restricted Stock, Performance Shares, Stock Option Exercise

4 terms

Form 144 regulatory

"filed a Form 144 proposing the sale of 51,822 shares"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Restricted Stock financial

"Restricted Stock 3,441 03/17/2026"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Performance Shares financial

"Performance Shares 21,560 03/17/2025"

Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.

Stock Option Exercise financial

"Stock Option Exercise 26,821 06/01/2026"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

Relationship to Issuer

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	51822	20469690.00	275816000	06/01/2026	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	03/17/2026	Restricted Stock	ISSUER			3441	03/17/2026	Not Applicable
Common	03/17/2025	Performance Shares	ISSUER			21560	03/17/2025	Not Applicable
Common	06/01/2026	Stock Option Exercise	ISSUER			26821	06/01/2026	Cash

* 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
ANIRUDH DEVGAN 2655 Seely Avenue Building 5 San Jose CA 95134	Common	05/22/2026	51887	19198190.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed for CDNS mean?

It notifies a proposed sale by an affiliate and permits broker-assisted disposition of shares. The filing lists 51,822 shares and names Morgan Stanley Smith Barney LLC as the broker.

How many shares does Anirudh Devgan propose to sell in the filing for CDNS?

The filing lists a proposed sale of 51,822 shares of Common Stock. It breaks the sources into restricted stock, performance shares, and option-exercised shares with specific counts.

What types of securities are included in the proposed sale?

The notice lists three sources: restricted stock (3,441 shares, 03/17/2026), performance shares (21,560 shares, 03/17/2025), and a stock option exercise (26,821 shares, 06/01/2026).

Has the proposed sale already occurred for CDNS according to this filing?

No. The Form 144 is a notice of a proposed sale by an affiliate; it does not confirm execution. Completed sales would be reported separately in trade records or amended filings.