[Form 4] CADENCE DESIGN SYSTEMS INC Insider Trading Activity

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Cadence Design Systems Sr. Vice President Paul Scannell sold 10,500 shares of Common Stock in an open-market transaction. The sale occurred on May 1, 2026 at a price of $339.00 per share. After the transaction, he continues to hold 33,946 shares directly.

The filing notes that this transaction was effected pursuant to a Rule 10b5-1 Trading Plan adopted on September 9, 2025, indicating the sale was pre-arranged under that plan rather than newly decided at the time of execution.

Insights

Cadence SVP’s planned sale trims holdings but remains a moderate stake.

The Form 4 shows Sr. Vice President Paul Scannell executed an open-market sale of 10,500 Cadence Design Systems shares at $339.00 on May 1, 2026. Following the sale, he still directly owns 33,946 shares, indicating he retains a meaningful equity position.

The filing specifies the sale was made under a Rule 10b5-1 Trading Plan adopted on September 9, 2025. Such plans schedule trades in advance, so the timing is more mechanical than opportunistic. With only one sale and no derivative exercises disclosed, this appears as a routine liquidity event rather than a shift in overall insider exposure.

Insider Trade Summary 10b5-1

Net Seller: 10,500 shares ($3,559,500)

Net Sell 1 txn

Insider Scannell Paul

Role Sr. Vice President

Sold 10,500 shs ($3.56M)

Type	Security	Shares	Price	Value
Sale	Common Stock	10,500	$339.00	$3.56M

Holdings After Transaction: Common Stock — 33,946 shares (Direct, null)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

05/05/2026 - 05:13 PM

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^*

Scannell Paul

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Sr. Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/01/2026		S		10,500⁽¹⁾	D	$339	33,946	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 9/9/2025 by the Reporting Person.

Remarks:

	/s/ Ahalya Hildreth, Attorney-in-Fact for Paul Scannell	05/05/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Cadence (CDNS) executive Paul Scannell report in this Form 4?

Paul Scannell, a Sr. Vice President at Cadence Design Systems, reported an open-market sale of 10,500 shares of Common Stock. The shares were sold at $339.00 each on May 1, 2026, and the sale was made under a Rule 10b5-1 Trading Plan.

How many Cadence (CDNS) shares did Paul Scannell sell and at what price?

He sold 10,500 shares of Cadence Design Systems Common Stock at a price of $339.00 per share. The transaction was categorized as an open-market sale and took place on May 1, 2026, according to the Form 4 filing data provided.

How many Cadence (CDNS) shares does Paul Scannell hold after this transaction?

After the reported transaction, Paul Scannell directly holds 33,946 shares of Cadence Design Systems Common Stock. This post-transaction balance is disclosed in the Form 4 and reflects his remaining direct ownership following the 10,500-share open-market sale on May 1, 2026.

Was the Cadence (CDNS) insider sale made under a Rule 10b5-1 trading plan?

Yes. A footnote states the transaction was effected pursuant to a Rule 10b5-1 Trading Plan adopted on September 9, 2025. This means the sale followed a pre-established plan, rather than being initiated at the last moment in response to then-current market conditions.

Who is the insider involved in this Cadence (CDNS) Form 4 filing and what is his role?

The reporting person is Paul Scannell, identified as a Sr. Vice President of Cadence Design Systems. The Form 4 shows he is an officer but not a director or 10% owner. The disclosed transaction involves only his directly held Common Stock, not derivative securities.