[144] Cadence Design Systems SEC Filing

Rhea-AI Filing Summary

Form 144 filing for Cadence Design Systems (CDNS) shows a proposed sale of 1,000 common shares to be executed on 09/02/2025 through Morgan Stanley Smith Barney LLC on NASDAQ for an aggregate market value of $343,950. The filing identifies that the 1,000 shares were acquired from the issuer as equity awards during 2023: 45 performance shares on 09/15/2023, 231 restricted shares on 07/15/2023, and 724 performance shares on 08/25/2023. The filer previously sold 1,000 shares on each of 06/13/2025, 07/01/2025, and 08/01/2025, generating gross proceeds of $302,000; $306,350; and $358,720 respectively. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information about the issuer.

Insights

Securities Analyst

TL;DR: Insider proposes a routine sale of 1,000 shares; prior monthly sales suggest ongoing liquidity events rather than a single large disposition.

The filing documents a planned sale of 1,000 shares valued at $343,950 on 09/02/2025 through Morgan Stanley Smith Barney LLC. The shares were acquired as equity awards in 2023 and mirror three recent sales of 1,000 shares each in June, July, and August 2025 generating roughly $302k–$359k per sale. From a trading-impact perspective, these are relatively small blocks versus total outstanding shares (272,490,000 reported), implying limited direct market pressure. However, repeated monthly sales by the same insider could attract investor attention to insider liquidity patterns.

Corporate Governance Expert

TL;DR: Pattern of scheduled disposals from equity awards appears consistent with personal liquidity; governance disclosure is standard but merits monitoring.

The report shows the seller disposing of equity award shares that were granted in 2023. The filing includes the mandatory certification about absence of undisclosed material adverse information. There is no indication of unusual transfer mechanisms or related-party purchasers. While these are lawful, recurring 1,000-share sales over several months warrant attention for stakeholders tracking insider behavior, but the transaction sizes are immaterial relative to the issuer's share count.

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	1000	343950.00	272490000	09/02/2025	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	09/15/2023	Performance Shares	ISSUER			45	09/15/2023	Not Applicable
Common	07/15/2023	Restricted Stock	ISSUER			231	07/15/2023	Not Applicable
Common	08/25/2023	Performance Shares	ISSUER			724	08/25/2023	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
PAUL A CUNNINGHAM 2655 Seely Avenue San Jose CA 95134	Common	08/01/2025	1000	358720.00
PAUL A CUNNINGHAM 2655 Seely Avenue San Jose CA 95134	Common	07/01/2025	1000	306350.00
PAUL A CUNNINGHAM 2655 Seely Avenue San Jose CA 95134	Common	06/13/2025	1000	302000.00

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)