Cadence Design Systems (CDNS) SVP sells 2,000 shares in 10b5-1 trade
Rhea-AI Filing Summary
CADENCE DESIGN SYSTEMS INC (CDNS) insider Paul Cunningham, a Sr. Vice President, reported an option exercise and related share sale. He exercised 1,000 stock options for common stock at an exercise price of $138.02 per share, leaving 7,328 options outstanding from that grant. On the same date, he acquired 1,000 common shares through the exercise and then sold 2,000 common shares at $323.32 per share. The equity transactions were effected pursuant to a Rule 10b5-1 Trading Plan adopted on March 16, 2026, and the options had vested monthly beginning March 25, 2021.
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Insights
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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 ($647K)
Approx. gross sale proceeds
$647K
Approx. exercise cost
$138K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non- Qualified Stock Option (right to buy) F2 | 1,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 1,000 | $138.02 | $138K |
| Sale | Common Stock F1 | 2,000 | $323.32 | $647K |
Holdings After Transaction:
Non- Qualified Stock Option (right to buy) — 7,328 shares (Direct);
Common Stock — 124,586 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
Options exercised: 1,000 shares
Exercise price: $138.02 per share
Shares sold: 2,000 shares
+5 more
8 metrics
Options exercised
1,000 shares
Non-Qualified Stock Option into common stock on August 17, 2026
Exercise price
$138.02 per share
Exercise price of Non-Qualified Stock Option on August 17, 2026
Shares sold
2,000 shares
Common stock sale on August 17, 2026
Sale price
$323.32 per share
Price for common stock sold on August 17, 2026
Options remaining
7,328 options
Non-Qualified Stock Options outstanding after the reported exercise
10b5-1 plan adoption date
March 16, 2026
Date Paul Cunningham adopted the Rule 10b5-1 Trading Plan
Vesting rate
1/48th per month
Vesting schedule starting March 25, 2021 for the option grant
Option expiration date
February 25, 2028
Expiration date of the Non-Qualified Stock Option
Key Terms
Non- Qualified Stock Option, Rule 10b5-1 Trading Plan, derivative security, exercise price
4 terms
Non- Qualified Stock Option financial
"security_title "Non- Qualified Stock Option (right to buy)""
Rule 10b5-1 Trading Plan regulatory
"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.
derivative security financial
"transaction_code_description "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
exercise price financial
"conversion_or_exercise_price "138.0200""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What transactions did CDNS executive Paul Cunningham report on this Form 4?
Paul Cunningham reported exercising 1,000 stock options at $138.02 per share and selling 2,000 common shares at $323.32 per share, all on August 17, 2026, as part of his ongoing equity compensation activity.
How many CADENCE DESIGN SYSTEMS (CDNS) options does Paul Cunningham retain after this filing?
After the reported transactions, Paul Cunningham holds 7,328 non-qualified stock options from the referenced grant. This figure reflects the remaining derivative securities reported as outstanding following the 1,000-share option exercise on August 17, 2026.
Were Paul Cunningham’s CDNS trades made under a Rule 10b5-1 trading plan?
Yes. The filing states the transactions were effected pursuant to a Rule 10b5-1 Trading Plan adopted on March 16, 2026. Such plans pre-schedule trades, limiting the informational value of trade timing for outside observers.
What type of equity award did Paul Cunningham exercise at CADENCE DESIGN SYSTEMS (CDNS)?
He exercised a Non-Qualified Stock Option covering 1,000 underlying common shares at an exercise price of $138.02. The options vested at a rate of 1/48th per month starting on March 25, 2021, according to the disclosure.
When did Paul Cunningham’s CDNS options begin vesting and at what rate?
The options began vesting on March 25, 2021, at a rate of 1/48th of the grant per month. This monthly vesting schedule gradually made portions of the non-qualified stock option exercisable over a four-year period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
