Form 144: Proposed sale of 4,000 shares; 14,232 PSUs

Issuer: Morgan Stanley Smith Barney LLC (broker/intermediary listed) and related executing parties submitted a Form 144 notice showing proposed dispositions of Common Stock.

Rhea-AI Filing Summary

Issuer: Morgan Stanley Smith Barney LLC (broker/intermediary listed) and related executing parties submitted a Form 144 notice showing proposed dispositions of Common Stock. The filing lists a proposed sale tied to an exercise of stock options for 4,000 shares on 05/22/2026 and proposed disposition of 14,232 performance stock units dated 08/25/2023.

The filing records numeric values including 6,535,442.72 and 275,816,000 (present in the excerpt) and identifies NASDAQ as the market. The document is a routine notice of intended sale under federal rules and does not state execution details or cash‑flow recipients beyond the labeled methods.

Insights

Insider Transactions Analyst

Routine Form 144 notice showing proposed dispositions tied to option exercise and vested PSUs.

The excerpt lists a proposed sale of 4,000 shares associated with an exercise of stock options dated 05/22/2026 and 14,232 performance stock units dated 08/25/2023. A Form 144 is a pre-sale notice; it signals intent to sell but not that trades have executed.

Execution details, proceeds recipients, and any 10b5-1 plan notation are not present in the provided excerpt; subsequent filings or broker reports would show settlement details if sales occur.

Key Figures

Proposed sale (option exercise): 4,000 shares Performance Stock Units listed: 14,232 units Value listed in excerpt: 6,535,442.72 +1 more

4 metrics

Proposed sale (option exercise) 4,000 shares Exercise of Stock Options dated <date>05/22/2026</date>

Performance Stock Units listed 14,232 units Performance Stock Units dated <date>08/25/2023</date>

Value listed in excerpt <money>6,535,442.72</money> Numeric value present in the filing excerpt

Other numeric item 275,816,000 Number present in the excerpt (context not fully specified)

Key Terms

Form 144, Performance Stock Units, Exercise of Stock Options

3 terms

Form 144 regulatory

"Filer Information ... 144: Filer 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 Units financial

"Performance Stock Units | Issuer | | | 14232 | 08/25/2023"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

Exercise of Stock Options financial

"Common | 05/22/2026 | Exercise of Stock Options | Issuer | | | 4000"

FAQ

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

What does the CDNS Form 144 disclose?

It discloses proposed dispositions of Common Stock totaling 4,000 shares from an option exercise and 14,232 PSUs. The filing is a notice of intent to sell; it does not confirm completed trades or sale proceeds.

Does the Form 144 show the sale was completed for CDNS?

No, the Form 144 lists proposed sales rather than executed trades. It records intended dispositions dated 05/22/2026 and 08/25/2023, without settlement or proceeds details in the excerpt.

How many shares are involved in the proposed dispositions?

The excerpt lists 4,000 shares tied to an option exercise and 14,232 performance stock units. Those counts are the discrete quantities shown in the provided content.

What market and numeric values are shown on the filing?

The filing references NASDAQ and includes numeric entries such as 6,535,442.72 and 275,816,000 within the excerpt. The document does not attach labels explaining each number in full detail.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/22/2026 - 04:35 PM Learn about SEC filing dates

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	0001751946
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	CHIN-CHI TENG
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	18232	6535442.72	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	05/22/2026	Exercise of Stock Options	Issuer			4000	05/22/2026	Cash
Common	08/25/2023	Performance Stock Units	Issuer			14232	08/25/2023	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

Nothing to Report

144: Remarks and Signature

Remarks	The securities to be sold were and will be received upon the exercise of stock options over the next three months. The dates of acquisition and payment were and will be the dates of exercise/sale. The securities to be sold were acquired upon the vesting of performance stock units during the period of 8/25/2023 through 9/15/2025.
Date of Notice	05/22/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	02/20/2026
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/ Chin-Chi Teng
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)