Cadence exec exercises options, sells 2,000 shares

Cadence Design Systems’ Sr. Vice President exercised options and sold 2,000 CDNS shares under a pre-arranged Rule 10b5-1 trading plan.

Rhea-AI Filing Summary

CADENCE DESIGN SYSTEMS INC (CDNS) reported that Sr. Vice President Paul Cunningham exercised stock options and sold shares on September 15, 2026. He exercised 1,000 options at $138.02 per share into common stock, then sold 2,000 shares at $277.12 per share in an open-market or private transaction. An additional 793 shares were withheld to satisfy tax obligations from a vesting Performance Stock Award. The option exercise and related sale were effected under a Rule 10b5-1 Trading Plan adopted on March 16, 2026. Following the option exercise, 6,328 option shares of this grant remained outstanding.

Insider Trade Summary 10b5-1

Exercise and sale activity reported; no spread calculated

Exercise and Sale 4 txns

Insider Cunningham Paul

Role Sr. Vice President

Sold 2,000 shs ($554K)

Approx. gross sale proceeds $554K

Approx. exercise cost $138K

Type	Security	Shares	Price	Value
Exercise	Non- Qualified Stock Option (right to buy) F3	1,000	$0.00	$0.00
Tax Withholding	Common Stock F1	793	$273.96	$217K
Exercise	Common Stock F2	1,000	$138.02	$138K
Sale	Common Stock F2	2,000	$277.12	$554K

Holdings After Transaction: Non- Qualified Stock Option (right to buy) — 6,328 contracts (Direct); Common Stock — 121,793 shares (Direct)

Footnotes (3)

1. F1. Shares withheld to satisfy tax obligations arising out of vesting of Performance Stock Award.
2. F2. 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.
3. F3. These options vested at a rate of 1/48th per month starting on March 25, 2021.

Key Figures

Options exercised: 1,000 shares Option exercise price: $138.02 per share Shares sold: 2,000 shares +5 more

8 metrics

Options exercised 1,000 shares Non-qualified stock options exercised on September 15, 2026

Option exercise price $138.02 per share Exercise price of non-qualified stock option exercised into 1,000 shares

Shares sold 2,000 shares Common stock sale on September 15, 2026

Sale price $277.12 per share Price for 2,000 Cadence common shares sold

Shares withheld for taxes 793 shares Withheld to satisfy tax obligations from vesting Performance Stock Award

Remaining option shares of this grant 6,328 shares Total non-qualified stock option shares directly owned after the reported exercise

Option expiration date February 25, 2028 Expiration date of the exercised non-qualified stock option grant

Rule 10b5-1 plan adoption date March 16, 2026 Date the trading plan governing the exercise and sale was adopted

Key Terms

Non- Qualified Stock Option (right to buy), Rule 10b5-1 Trading Plan, Performance Stock Award, withheld to satisfy tax obligations

4 terms

Non- Qualified Stock Option (right to buy) financial

"security title is Non- Qualified Stock Option (right to buy)"

Rule 10b5-1 Trading Plan financial

"transaction was effected pursuant to a Rule 10b5-1 Trading Plan"

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.

Performance Stock Award financial

"vesting of Performance Stock Award"

withheld to satisfy tax obligations 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 insider transactions did CDNS executive Paul Cunningham report on September 15, 2026?

He exercised 1,000 stock options at $138.02 per share and sold 2,000 common shares at $277.12 per share, with 793 shares withheld to cover taxes from a vesting Performance Stock Award.

Was the September 15, 2026 CDNS stock sale by Paul Cunningham under a Rule 10b5-1 plan?

Yes. The filing states the transactions were effected under a Rule 10b5-1 Trading Plan adopted on March 16, 2026 by Paul Cunningham, indicating the trades were pre-arranged under that plan.

How many CDNS shares did Paul Cunningham sell and at what price?

He sold 2,000 shares of Cadence common stock on September 15, 2026 at a reported price of $277.12 per share in an open-market or private transaction.

How many CDNS shares were withheld for taxes in Paul Cunningham’s Form 4?

The Form 4 reports that 793 shares of Cadence common stock were withheld to satisfy tax obligations arising from the vesting of a Performance Stock Award.

What option grant did Paul Cunningham exercise in the latest CDNS Form 4?

He exercised 1,000 non-qualified stock options with an exercise price of $138.02 per share, expiring on February 25, 2028, receiving 1,000 shares of Cadence common stock upon exercise.

How many option shares remain after Paul Cunningham’s September 15, 2026 CDNS transaction?

After exercising 1,000 options, the filing reports 6,328 option shares of this non-qualified stock option grant remaining directly owned by Paul Cunningham.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/17/2026 - 05:42 PM Accepted by SEC EDGAR 09/17/2026 - 05:41 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).

X

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^*

Cunningham Paul

(Last) (First) (Middle)

2655 SEELY AVENUE

BUILDING 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)
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		793(1)	D	$273.96	122,793	D
Common Stock	09/15/2026		M		1,000(2)	A	$138.02	123,793	D
Common Stock	09/15/2026		S		2,000(2)	D	$277.12	121,793	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
Non- Qualified Stock Option (right to buy)	$138.02	09/15/2026		M			1,000	(3)	02/25/2028	Common Stock	1,000	$0	6,328	D

Explanation of Responses:

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

2. 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.

3. These options vested at a rate of 1/48th per month starting on March 25, 2021.

Remarks:

	/s/ Ahalya Hildreth, Attorney-in-Fact for Paul Cunningham	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)