Cadence (CDNS) affiliate files Form 144 to resell performance and exercised shares

Rhea-AI Filing Summary

Cadence Design Systems affiliate files a Form 144 proposing resale of common shares. The filing lists proposed sales tied to performance shares awarded on 03/17/2025 (21,560 shares) and 03/15/2026 (5,327 shares), and a stock option exercise on 05/22/2026 (25,000 shares) with cash consideration noted for the exercise.

Insights

Securities Counsel

Form 144 notifies of proposed affiliate resale of awarded shares and an exercised option.

The filing lists proposed resales of performance shares dated 03/17/2025 (21,560 shares) and 03/15/2026 (5,327 shares), plus a stock option exercise dated 05/22/2026 (25,000 shares). The exercise is shown with cash as the method.

These entries are procedural notices required before resales by affiliates; actual sale timing and proceeds depend on subsequent execution and compliance with Rule 144 conditions.

Key Figures

Performance shares (03/17/2025): 21,560 shares Performance shares (03/15/2026): 5,327 shares Stock option exercise (05/22/2026): 25,000 shares

3 metrics

Performance shares (03/17/2025) 21,560 shares award date 03/17/2025

Performance shares (03/15/2026) 5,327 shares award date 03/15/2026

Stock option exercise (05/22/2026) 25,000 shares exercise dated 05/22/2026; method: Cash

Key Terms

Form 144, Performance Shares, Stock Option Exercise

3 terms

Form 144 regulatory

"144: Securities To Be Sold"

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.

Performance Shares financial

"Common | 03/17/2025 | Performance Shares"

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

"Common | 05/22/2026 | Stock Option Exercise"

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.

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	51887	19198190.00	275816000	05/22/2026	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	03/17/2025	Performance Shares	ISSUER			21560	03/17/2025	Not Applicable
Common	03/15/2026	Performance Shares	ISSUER			5327	03/15/2026	Not Applicable
Common	05/22/2026	Stock Option Exercise	ISSUER			25000	05/22/2026	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

Nothing to Report

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 CDNS Form 144 disclose about shares to be sold?

It discloses proposed resales of awarded and exercised shares: 21,560 and 5,327 performance shares, and 25,000 shares from a stock option exercise dated 05/22/2026.

Do the Form 144 entries mean CDNS will immediately sell those shares?

No. The filing is a notice of proposed resale by an affiliate. Actual sales require execution and compliance with transfer restrictions and Rule 144 conditions before shares are sold.

What transaction method is shown for the exercised options in the CDNS filing?

The stock option exercise dated 05/22/2026 is shown with cash as the method, indicating cash payment was used to effect the exercise.

Are the performance-share dates and quantities in the filing significant?

They identify the grant or award dates and quantities: 03/17/2025 for 21,560 shares and 03/15/2026 for 5,327, which are the specific lots referenced for proposed resale.