Cadence (CDNS) insider Anirudh Devgan sells 103,709 shares in two transactions

Rhea-AI Filing Summary

CDNS insider reported share dispositions. Form 144 entries show Anirudh Devgan sold 51,822 shares on 06/01/2026 for $20,469,690 and 51,887 shares on 05/22/2026 for $19,198,190. The filing also lists 3,440 restricted shares dated 03/17/2026 and 21,565 performance shares dated 03/17/2025 as securities to be sold.

Insights

Corporate Governance Analyst

Insider sales reported by Anirudh Devgan across two dates, with listed restricted and performance shares pending.

Anirudh Devgan reported dispositions of 51,822 shares on 06/01/2026 and 51,887 shares on 05/22/2026 with disclosed gross proceeds of $20,469,690 and $19,198,190 respectively. The filings identify 3,440 restricted shares (03/17/2026) and 21,565 performance shares (03/17/2025) listed as securities to be sold.

The cash‑flow treatment and whether sales were brokered by Morgan Stanley Smith Barney LLC are stated in the excerpt; timing and any Rule 10b5‑1 plan details are not included in the provided lines. Subsequent public filings may provide further context on whether the listed restricted and performance shares were later sold.

Key Figures

Disposition on 06/01/2026: 51,822 shares Disposition on 05/22/2026: 51,887 shares Restricted Stock listed: 3,440 shares +1 more

4 metrics

Disposition on 06/01/2026 51,822 shares sold on 06/01/2026 for <money>$20,469,690</money>

Disposition on 05/22/2026 51,887 shares sold on 05/22/2026 for <money>$19,198,190</money>

Restricted Stock listed 3,440 shares Restricted Stock dated <date>03/17/2026</date>

Performance Shares listed 21,565 shares Performance Shares dated <date>03/17/2025</date>

Key Terms

Form 144, Restricted Stock, Performance Shares

3 terms

Form 144 regulatory

"Form 144 entries show Anirudh Devgan sold 51,822 and 51,887 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

"Common | 03/17/2026 | Restricted Stock | ISSUER | | | 3440"

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

"Common | 03/17/2025 | Performance Shares | ISSUER | | | 21565"

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.

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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	25005	10377075.00	275816000	06/02/2026	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			3440	03/17/2026	Not Applicable
Common	03/17/2025	Performance Shares	ISSUER			21565	03/17/2025	Not Applicable

* 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	06/01/2026	51822	20469690.00
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 Form 144 transactions were reported for CDNS?

The filing shows Anirudh Devgan sold 51,822 shares on 06/01/2026 for $20,469,690 and 51,887 shares on 05/22/2026 for $19,198,190. The entries list these as reported dispositions on those dates.

Which securities does the excerpt list as available to sell for CDNS?

The excerpt lists 3,440 Restricted Stock dated 03/17/2026 and 21,565 Performance Shares dated 03/17/2025 as securities to be sold by the reporting party.

Who appears as the broker or filing intermediary in these CDNS entries?

The excerpt names Morgan Stanley Smith Barney LLC, 1 New York Plaza as the broker/intermediary associated with the securities information in the filing excerpt.

Do the Form 144 lines disclose net proceeds or tax withholdings for CDNS sales?

The provided lines disclose gross proceeds for each disposition ($20,469,690 and $19,198,190) but do not state net proceeds, tax withholdings, or post‑transaction holdings in the excerpt.