Cadence director receives 714-share stock award

Brennan Ita M reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Brennan Ita M reported acquisition or exercise transactions in this Form 4 filing.

CADENCE DESIGN SYSTEMS INC director Ita M. Brennan reported receiving a grant of 714 shares of common stock as a restricted stock award. The shares were awarded at no cash cost and increase Brennan’s direct holdings to 8,184 shares.

The restricted stock fully vests on the earlier of one year from the grant date or the next Annual Meeting of Stockholders, making this a routine equity compensation award rather than an open-market purchase.

Insider Trade Summary

Grant/Award: 714 shares

Grant/Award 1 txn

Insider Brennan Ita M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	714	$0.00	$0.00

Holdings After Transaction: Common Stock — 8,184 shares (Direct)

Footnotes (1)

1. F1. Restricted stock award fully vests on the earlier to occur of (i) the first anniversary of the Grant Date and (ii) the date of the next Annual Meeting of Stockholders that follows the Grant Date.

Key Figures

Restricted stock grant: 714 shares Grant price: $0.0000 per share Shares after transaction: 8,184 shares

3 metrics

Restricted stock grant 714 shares Common Stock awarded to director Ita M. Brennan

Grant price $0.0000 per share Restricted stock award, no cash paid

Shares after transaction 8,184 shares Total common stock beneficially owned following grant

Key Terms

Restricted stock award, Annual Meeting of Stockholders, Grant Date, beneficially owned

4 terms

Restricted stock award financial

"Restricted stock award fully vests on the earlier to occur of (i) the first anniversary"

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

Annual Meeting of Stockholders financial

"the date of the next Annual Meeting of Stockholders that follows the Grant Date"

Grant Date financial

"the first anniversary of the Grant Date and (ii) the date of the next Annual Meeting"

The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.

beneficially owned financial

"total_shares_following_transaction": "8184.0000"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

FAQ

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

What insider transaction did CADENCE DESIGN SYSTEMS (CDNS) report for Ita M. Brennan?

CADENCE DESIGN SYSTEMS reported that director Ita M. Brennan received a grant of 714 shares of common stock as a restricted stock award. This is an equity compensation grant, not an open-market purchase or sale.

How many CADENCE DESIGN SYSTEMS (CDNS) shares does Ita M. Brennan hold after this Form 4?

After the reported grant, Ita M. Brennan directly holds 8,184 shares of CADENCE DESIGN SYSTEMS common stock. The Form 4 shows this total as the number of shares beneficially owned following the transaction.

Was cash paid for the 714 CADENCE DESIGN SYSTEMS (CDNS) shares granted to Ita M. Brennan?

No cash was paid for the 714 shares. The Form 4 lists a transaction price per share of 0.0000, indicating these were granted as a restricted stock award, typical of director compensation.

When do the restricted CADENCE DESIGN SYSTEMS (CDNS) shares granted to Ita M. Brennan vest?

The restricted stock award fully vests on the earlier of one year from the grant date or the next Annual Meeting of Stockholders. This vesting schedule comes from the footnote in the Form 4.

Is Ita M. Brennan’s CADENCE DESIGN SYSTEMS (CDNS) transaction a buy or a grant?

The transaction is classified as a grant or award acquisition, not a market buy. The Form 4 uses code “A” and describes it as a grant, award, or other acquisition of common stock.

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

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Accepted by SEC EDGAR 05/11/2026 - 05:22 PM EDT 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^*

Brennan Ita M

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

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	05/07/2026		A		714(1)	A	$0	8,184	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. Restricted stock award fully vests on the earlier to occur of (i) the first anniversary of the Grant Date and (ii) the date of the next Annual Meeting of Stockholders that follows the Grant Date.

Remarks:

	/s/ Ahalya Hildreth, Attorney-in-Fact for Ita M. Brennan	05/11/2026
	** 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)