Cadence (NASDAQ: CDNS) SVP gets RSU grant, shares withheld for tax

Q: How many Cadence shares were granted to Chin-Chi Teng in March 2026?

Chin-Chi Teng received a grant of 13,386 Restricted Stock Units of Cadence common stock on March 16, 2026. The grant is reported at a stated price of $0.00 per share , reflecting a compensation award rather than a market purchase.

Q: How many Cadence shares were withheld for Chin-Chi Teng’s tax obligations?

A total of 20,787 Cadence shares were withheld to cover tax obligations from vesting awards. This includes 16,598 and 1,827 shares on March 16, 2026, and 2,362 shares on March 17, 2026, all reported as tax-withholding dispositions.

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Cadence Design Systems Sr. Vice President Chin-Chi Teng reported equity compensation activity and related tax withholding in company stock. On March 16, 2026, he received a grant of 13,386 Restricted Stock Units at a stated price of $0.00 per share.

To cover taxes from vesting of performance-based and other restricted stock awards, 20,787 shares of common stock were withheld in three transactions: 16,598 and 1,827 shares at $292.72 on March 16, and 2,362 shares at $293.75 on March 17. After these transactions, Teng directly holds 109,431 Cadence shares, which includes 70 shares acquired through the employee stock purchase plan on January 30, 2026. These dispositions were tax-withholding events, not open-market sales.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider TENG CHIN-CHI

Role Sr. Vice President

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	2,362	$293.75	$694K
Tax Withholding	Common Stock	16,598	$292.72	$4.86M
Tax Withholding	Common Stock	1,827	$292.72	$535K
Grant/Award	Common Stock	13,386	$0.00	--

Holdings After Transaction: Common Stock — 109,431 shares (Direct)

Footnotes (1)

Shares withheld to satisfy tax obligations arising out of vesting of Performance-Based Restricted Stock Units that have met the performance criteria. Amount of securities beneficially owned includes 70 shares acquired by the Reporting Person through the Employee Stock Purchase Plan on January 30, 2026. Shares withheld to satisfy tax obligations arising out of vesting of Performance-Based Incentive Stock Awards. Grant of Restricted Stock Units. Shares withheld to satisfy tax obligations arising out of vesting of Restricted Stock Units.

Form 4 Insider Transactions: What Each Field Means →

03/18/2026 - 07:55 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^*

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)
03/16/2026

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	03/16/2026		F		16,598⁽¹⁾	D	$292.72	100,234⁽²⁾	D
Common Stock	03/16/2026		F		1,827⁽³⁾	D	$292.72	98,407	D
Common Stock	03/16/2026		A		13,386⁽⁴⁾	A	$0	111,793	D
Common Stock	03/17/2026		F		2,362⁽⁵⁾	D	$293.75	109,431	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. Shares withheld to satisfy tax obligations arising out of vesting of Performance-Based Restricted Stock Units that have met the performance criteria.

2. Amount of securities beneficially owned includes 70 shares acquired by the Reporting Person through the Employee Stock Purchase Plan on January 30, 2026.

3. Shares withheld to satisfy tax obligations arising out of vesting of Performance-Based Incentive Stock Awards.

4. Grant of Restricted Stock Units.

5. Shares withheld to satisfy tax obligations arising out of vesting of Restricted Stock Units.

Remarks:

	/s/ Ahalya Hildreth, Attorney-in-Fact for Chin-Chi Teng	03/18/2026
	** 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 Chin-Chi Teng report in this Form 4?

Chin-Chi Teng reported a grant of restricted stock units and related tax-withholding share dispositions. The filing shows equity awards vesting and a new grant, with shares withheld to satisfy tax obligations rather than sold in open-market transactions.

How many Cadence shares were granted to Chin-Chi Teng in March 2026?

Chin-Chi Teng received a grant of 13,386 Restricted Stock Units of Cadence common stock on March 16, 2026. The grant is reported at a stated price of $0.00 per share, reflecting a compensation award rather than a market purchase.

How many Cadence shares were withheld for Chin-Chi Teng’s tax obligations?

A total of 20,787 Cadence shares were withheld to cover tax obligations from vesting awards. This includes 16,598 and 1,827 shares on March 16, 2026, and 2,362 shares on March 17, 2026, all reported as tax-withholding dispositions.

Were Chin-Chi Teng’s reported Cadence stock transactions open-market trades?

The reported transactions were not open-market trades. They consist of a restricted stock unit grant and tax-withholding dispositions, where shares were withheld to satisfy tax liabilities from vesting performance-based and other restricted stock awards, rather than voluntarily bought or sold in the market.

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

After the March 2026 grant and tax-withholding events, Chin-Chi Teng directly holds 109,431 shares of Cadence common stock. This total includes 70 shares acquired through the company’s employee stock purchase plan on January 30, 2026, as noted in the footnotes.

What do the footnotes reveal about Chin-Chi Teng’s Cadence equity awards?

The footnotes explain that shares were withheld to satisfy tax obligations from vesting performance-based restricted stock units, performance-based incentive stock awards, and other restricted stock units. They also state that Teng’s beneficially owned amount includes 70 shares from the employee stock purchase plan.