Cadence Design Systems officer proposes $372K sale

Accepted by SEC EDGAR 05/18/2026 - 04:31 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Cadence Design Systems, Inc. (CDNS) officer Paul Scannell gave notice of a proposed sale of 1,071 common shares, with an approximate aggregate market value of $371,894.04 and an approximate sale date of May 18, 2026. The notice lists 955 shares acquired through performance stock awards on May 6, 2026, and 116 shares acquired as restricted stock units on May 15, 2026. It also reports Scannell sold 10,500 common shares on May 1, 2026, for gross proceeds of $3,559,500 under a Rule 10b5-1 plan adopted September 9, 2025.

Key Figures

Proposed sale: 1,071 common shares Approximate aggregate market value: $371,894.04 Prior sale: 10,500 common shares +3 more

6 metrics

Proposed sale 1,071 common shares Approximate sale date: May 18, 2026

Approximate aggregate market value $371,894.04 For the proposed sale of 1,071 common shares

Prior sale 10,500 common shares Sold May 1, 2026

Gross proceeds $3,559,500 From the May 1, 2026 sale

Performance stock awards acquired 955 shares Acquired May 6, 2026

Restricted stock units acquired 116 shares Acquired May 15, 2026

Key Terms

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

3 terms

Performance Stock Awards financial

"Performance Stock Awards"

Restricted Stock Units financial

"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.

Rule 10b5-1 regulatory

"Date of Plan Adoption or Giving of Instruction, 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.

FAQ

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

How many CDNS shares did officer Paul Scannell propose to sell?

Paul Scannell reported a proposed sale of 1,071 common shares, with an approximate aggregate market value of $371,894.04 and an approximate sale date of May 18, 2026.

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

The notice reports that Scannell sold 10,500 common shares on May 1, 2026, for gross proceeds of $3,559,500. The sales were reported under a Rule 10b5-1 plan adopted September 9, 2025.

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	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	05/18/2026
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)