Cadence SVP sells shares, exercises options
CADENCE DESIGN SYSTEMS INC senior vice president Paul Cunningham reported routine equity transactions in company stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
CADENCE DESIGN SYSTEMS INC senior vice president Paul Cunningham reported routine equity transactions in company stock. He sold 2,000 shares of common stock at $391.00 per share in an open-market transaction and exercised 1,000 stock options at a strike price of $138.02 per share.
After these moves, he directly holds 126,586 shares of common stock and 9,328 remaining non-qualified stock options. The filing notes that the activity occurred under a pre-arranged Rule 10b5-1 Trading Plan, indicating the timing was set in advance rather than decided opportunistically.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Cunningham Paul
Role
Sr. Vice President
Sold
2,000 shs ($782K)
Approx. gross sale proceeds
$782K
Approx. exercise cost
$138K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non- Qualified Stock Option (right to buy) | 1,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,000 | $138.02 | $138K |
| Sale | Common Stock | 2,000 | $391.00 | $782K |
Holdings After Transaction:
Non- Qualified Stock Option (right to buy) — 9,328 contracts (Direct);
Common Stock — 126,586 shares (Direct)
Footnotes (2)
- F1. The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 3/16/2026 by the Reporting Person.
- F2. These options vested at a rate of 1/48th per month starting on March 25, 2021.
Key Figures
Shares sold: 2,000 shares
Sale price: $391.00 per share
Options exercised: 1,000 shares
+4 more
7 metrics
Shares sold
2,000 shares
Open-market sale of common stock
Sale price
$391.00 per share
Price for 2,000 common shares sold
Options exercised
1,000 shares
Non-qualified stock options converted to common stock
Option strike price
$138.02 per share
Exercise price of non-qualified stock options
Common shares after transactions
126,586 shares
Direct holdings following sale and exercise
Remaining stock options
9,328 options
Non-qualified stock options outstanding after exercise
Net share change
-2,000 shares
Net of sales versus purchases in transaction summary
Key Terms
Rule 10b5-1 Trading Plan, Non- Qualified Stock Option (right to buy), open-market sale, derivative exercise/conversion, +1 more
5 terms
Rule 10b5-1 Trading Plan regulatory
"The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 3/16/2026"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Non- Qualified Stock Option (right to buy) financial
"security_title: Non- Qualified Stock Option (right to buy)"
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion"
expiration date financial
"expiration_date: 2028-02-25T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CADENCE DESIGN SYSTEMS (CDNS) SVP Paul Cunningham report?
Paul Cunningham reported selling 2,000 shares of CADENCE DESIGN SYSTEMS common stock and exercising 1,000 stock options. The sale was an open-market transaction, while the option exercise converted derivative rights into additional shares at a preset strike price.
At what prices did the CADENCE DESIGN SYSTEMS (CDNS) insider transactions occur?
Cunningham sold 2,000 CADENCE DESIGN SYSTEMS shares at $391.00 each and exercised 1,000 stock options with a strike price of $138.02 per share. These figures show the gap between his option grant price and the current trading level.
Were the CADENCE DESIGN SYSTEMS (CDNS) insider trades made under a Rule 10b5-1 plan?
Yes. The Form 4 footnote states the transactions were executed pursuant to a Rule 10b5-1 Trading Plan adopted on March 16, 2026. Such pre-arranged plans schedule trades in advance, reducing the significance of short-term market timing.
What kind of derivative security did the CADENCE DESIGN SYSTEMS (CDNS) SVP exercise?
Cunningham exercised non-qualified stock options covering 1,000 CADENCE DESIGN SYSTEMS shares at a $138.02 strike price. After this exercise, 9,328 options remain outstanding, continuing to give him rights to buy additional shares before their 2028 expiration.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates