Cadence CEO has 2,539 shares withheld for taxes

Cadence Design Systems’ CEO had shares withheld to cover taxes from a vested Performance Stock Award, with a substantial direct holding remaining.

Rhea-AI Filing Summary

CADENCE DESIGN SYSTEMS INC (CDNS) reported that President and CEO Anirudh Devgan had 2,539 shares of common stock withheld on September 15, 2026 to cover tax obligations from the vesting of a Performance Stock Award. After this tax-withholding disposition, he directly holds 250,980 shares of Cadence common stock.

Insider Trade Summary

Tax Withholding: 2,539 shares

Tax Withholding 1 txn

Insider DEVGAN ANIRUDH

Role President and CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	2,539	$273.96	$696K

Holdings After Transaction: Common Stock — 250,980 shares (Direct)

Footnotes (1)

1. F1. Shares withheld to satisfy tax obligations arising out of vesting of Performance Stock Award.

Key Figures

Shares disposed for tax withholding: 2,539 shares Per-share value for tax withholding: $273.96 per share Direct holdings after transaction: 250,980 shares +2 more

5 metrics

Shares disposed for tax withholding 2,539 shares Common stock withheld on September 15, 2026 to satisfy tax obligations on a Performance Stock Award vesting

Per-share value for tax withholding $273.96 per share Applied to 2,539 withheld shares of Cadence common stock

Direct holdings after transaction 250,980 shares Cadence common stock directly held by Anirudh Devgan after the September 15, 2026 transaction

Transactions reported 1 transaction One non-derivative tax-withholding disposition reported on this Form 4

Shares related to tax or exercise payments 2,539 shares Shares delivered or withheld for payment of tax liability as summarized in the filing

Key Terms

Performance Stock Award, tax obligations, withheld to satisfy

3 terms

Performance Stock Award financial

"arising out of vesting of Performance Stock Award"

tax obligations financial

"Shares withheld to satisfy tax obligations arising out of vesting"

withheld to satisfy financial

"Shares withheld to satisfy tax obligations arising out of vesting"

FAQ

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

What transaction did CDNS President and CEO Anirudh Devgan report on this Form 4?

He reported a disposition of 2,539 shares of Cadence common stock on September 15, 2026, due to shares being withheld to satisfy tax obligations arising from the vesting of a Performance Stock Award.

How many CDNS shares does the CEO hold after this reported transaction?

After the tax-withholding disposition, Anirudh Devgan directly holds 250,980 shares of Cadence Design Systems common stock, as reported in the Form 4.

Was the CDNS CEO’s Form 4 transaction an open-market sale?

No. The Form 4 describes the transaction as shares withheld to satisfy tax obligations from a vesting Performance Stock Award, not an open-market sale of Cadence Design Systems shares.

At what price per share were the CDNS shares withheld for tax obligations?

The shares withheld to satisfy tax obligations were valued at $273.96 per share, applied to the 2,539 shares of Cadence common stock reported in the Form 4.

Was the CDNS CEO’s tax-withholding transaction under a Rule 10b5-1 plan?

The Form 4’s Rule 10b5-1 trading plan checkbox is not affirmatively checked, and there is no footnote stating the transaction was made under a Rule 10b5-1 plan.

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

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Available on EDGAR 09/17/2026 - 05:42 PM Accepted by SEC EDGAR 09/17/2026 - 05:42 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

DEVGAN ANIRUDH

(Last) (First) (Middle)

2655 SEELY AVENUE, BLDG. 5

(Street)

SAN JOSE CALIFORNIA 95134

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CADENCE DESIGN SYSTEMS INC [ CDNS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/15/2026		F		2,539(1)	D	$273.96	250,980	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares withheld to satisfy tax obligations arising out of vesting of Performance Stock Award.

Remarks:

	/s/ Ahalya Hildreth, Attorney-in-Fact for Anirudh Devgan	09/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)