Paul Scannell proposes sale of 10,500 CDNS shares (NASDAQ: CDNS)

Rhea-AI Filing Summary

Paul Scannell filed a Form 144 notifying a proposed sale of Common stock. The filing reports a 10b5-1 sale of 10,500 shares on 05/01/2026 for $3,559,500. It also lists securities to be sold including 955 Performance Stock Awards (05/06/2026) and 116 Restricted Stock Units (05/15/2026).

Insights

Insider Transactions Compliance Analyst

Routine affiliate sale disclosed under Form 144 via a 10b5-1 plan; appears administrative.

The filing documents a 10b5-1 sale of 10,500 shares reported on 05/01/2026

Such notices are regulatory disclosures of intended sales; cash-flow treatment and whether shares were sold on-market are not specified in the excerpt. Subsequent filings may show settlement details.

Key Figures

10b5-1 sale: 10,500 shares Proceeds reported: $3,559,500 Performance Stock Awards listed: 955 awards +1 more

4 metrics

10b5-1 sale 10,500 shares sale dated 05/01/2026

Proceeds reported $3,559,500 consideration for 10,500 shares on 05/01/2026

Performance Stock Awards listed 955 awards listed with date 05/06/2026

Restricted Stock Units listed 116 RSUs listed with date 05/15/2026

Key Terms

10b5-1, Form 144, Performance Stock Awards, Restricted Stock Units

4 terms

10b5-1 regulatory

"10b5-1 Sales for PAUL SCANNELL 2655 Seely Avenue"

A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.

Form 144 regulatory

"Filer Information | Issuer Information | Securities Information"

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 Stock Awards financial

"Securities To Be Sold | Performance Stock Awards | 955 | 05/06/2026"

Restricted Stock Units financial

"Securities To Be Sold | Restricted Stock Units | 116 | 05/15/2026"

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.

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

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	1071	371894.04	275816000	05/18/2026	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	05/06/2026	Performance Stock Awards	Issuer			955	05/06/2026	N/A
Common	05/15/2026	Restricted Stock Units	Issuer			116	05/15/2026	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	05/01/2026	10500	3559500.00

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 did the Form 144 for CDNS disclose?

It discloses a proposed 10b5-1 sale of 10,500 Common shares for $3,559,500 on 05/01/2026. The filing also lists 955 Performance Stock Awards dated 05/06/2026 and 116 Restricted Stock Units dated 05/15/2026 as securities to be sold.

Who is the selling person named in the filing for CDNS?

The filing names Paul Scannell as the reporting person associated with 10b5-1 sales. The document includes an address for the reporting person and shows the sale transaction dated 05/01/2026 with the proceeds shown as $3,559,500.

Does the Form 144 show how the shares were sold on the market?

The excerpt shows a 10b5-1 sale executed on 05/01/2026 but does not detail the trading venue or settlement method. The filing lists quantities and dollar amount only; specific broker or execution method is not included in the provided excerpt.

What securities beyond common shares are listed in the Form 144?

The filing lists 955 Performance Stock Awards dated 05/06/2026 and 116 Restricted Stock Units dated 05/15/2026. Those items are presented under "Securities To Be Sold" with their respective dates in the excerpt.