Cadence Design (CDNS) SVP granted 46,396 shares, 3,546 withheld

Rhea-AI Filing Summary

CADENCE DESIGN SYSTEMS INC Senior Vice President Chin-Chi Teng reported equity compensation changes involving performance-based restricted stock units that converted into common stock. On March 18, he acquired 39,032 and 7,364 shares of common stock at $0 per share as awards after performance criteria were met. A portion of these units will vest in three equal annual installments on the first, second, and third anniversaries of the grant date, subject to continued service. To cover tax obligations from the vesting, 3,546 shares were disposed of at $289.64 per share through share withholding rather than a market sale. Following these transactions, Teng directly held 152,281 shares of common stock.

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

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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^*

TENG CHIN-CHI

(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)
03/18/2026

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	03/18/2026		A		39,032(1)	A	$0	148,463	D
Common Stock	03/18/2026		A		7,364(2)	A	$0	155,827	D
Common Stock	03/18/2026		F		3,546(3)	D	$289.64	152,281	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. Represents Performance-Based Restricted Stock Units that have met the performance criteria.

2. Represents Performance-Based Restricted Stock Units that have met the performance criteria, which vest in three equal annual installments on the first, second and third anniversaries of the grant date subject to continued service.

3. Shares withheld to satisfy tax obligations arising out of vesting of Performance-Based Restricted Stock Units that have met the performance criteria.

Remarks:

	/s/ Ahalya Hildreth, Attorney-in-Fact for Chin-Chi Teng	03/20/2026
	** 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)

FAQ

What does the latest Form 4 for CADENCE DESIGN SYSTEMS (CDNS) show for Chin-Chi Teng?

The filing shows Senior Vice President Chin-Chi Teng received performance-based stock awards and had shares withheld for taxes. These awards followed achievement of performance criteria and increased his direct common stock holdings while using share withholding to satisfy tax obligations from vesting.

How many Cadence (CDNS) shares did Chin-Chi Teng acquire in this Form 4?

Chin-Chi Teng acquired 39,032 and 7,364 shares of common stock as equity awards at no purchase price. These awards resulted from performance-based restricted stock units meeting their criteria and added substantially to his directly held Cadence Design Systems common stock position.

Why were 3,546 Cadence Design (CDNS) shares disposed of in Teng’s Form 4?

3,546 shares were withheld to satisfy tax obligations arising from the vesting of performance-based restricted stock units. This tax-withholding disposition is not an open-market sale; it is a standard mechanism where shares are delivered back to cover required tax liabilities on vested awards.

What are the vesting terms of Chin-Chi Teng’s new Cadence (CDNS) awards?

Part of Teng’s performance-based restricted stock units vest in three equal annual installments on the first, second, and third anniversaries of the grant date. Vesting remains subject to continued service, aligning a portion of his compensation with longer-term employment and company performance.

How many Cadence Design (CDNS) shares does Chin-Chi Teng hold after these transactions?

After the reported award grants and tax withholding, Chin-Chi Teng directly holds 152,281 shares of Cadence Design Systems common stock. This figure reflects his position following the share awards and the 3,546-share tax-withholding disposition related to vesting of performance-based restricted stock units.

Were Chin-Chi Teng’s Cadence (CDNS) transactions open-market stock purchases or sales?

The transactions are equity awards and tax withholding, not open-market trades. Teng received common stock at no purchase price as performance-based grants, and shares were withheld at $289.64 per share solely to pay taxes triggered by the vesting of those stock unit awards.