Cadence Design Systems (CDNS) SVP Chin-Chi Teng exercises options, sells shares
Rhea-AI Filing Summary
Cadence Design Systems senior vice president Chin-Chi Teng reported an option exercise and share sale in Cadence Design Systems common stock. On 01/08/2026, Teng exercised a non-qualified stock option for 3,000 shares at $78.76 per share and acquired 3,000 shares of common stock. On the same day, Teng sold 6,319 shares of common stock at $317.96 per share. After these transactions, Teng directly owned 116,762 shares of Cadence Design Systems common stock. The filing notes that the transactions were carried out under a Rule 10b5-1 trading plan adopted on 08/07/2025 and that the option vests at a rate of 1/48th per month.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non- Qualified Stock Option (right to buy) | 3,000 | $0.00 | -- |
| Exercise | Common Stock | 3,000 | $78.76 | $236K |
| Sale | Common Stock | 6,319 | $317.96 | $2.01M |
Footnotes (1)
- The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 8/7/2025 by the Reporting Person. Option vests at a rate of 1/48th per month.
FAQ
What insider transactions did Cadence Design Systems (CDNS) report for Chin-Chi Teng?
The filing reports that Sr. Vice President Chin-Chi Teng exercised a non-qualified stock option for 3,000 shares of Cadence Design Systems common stock at $78.76 per share and sold 6,319 shares of common stock at $317.96 per share on 01/08/2026.
Was the Cadence Design Systems (CDNS) insider transaction made under a Rule 10b5-1 plan?
Yes. The filing states that the transactions reported were effected pursuant to a Rule 10b5-1 trading plan adopted on 08/07/2025 by the reporting person.
What type of derivative security did Cadence Design Systems (CDNS) report for Chin-Chi Teng?
The filing lists a non-qualified stock option (right to buy) with an exercise price of $78.76 per share, covering 3,000 underlying shares of Cadence Design Systems common stock and an expiration date of 02/14/2027.
How does the reported stock option for Cadence Design Systems (CDNS) vest for Chin-Chi Teng?
The filing explains that the option held by Chin-Chi Teng vests at a rate of 1/48th per month, indicating gradual monthly vesting over the option’s term.
What is Chin-Chi Teng’s role at Cadence Design Systems (CDNS) according to the filing?
According to the filing, Chin-Chi Teng is an officer of Cadence Design Systems, serving as Sr. Vice President, and is not listed as a director or 10% owner.