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Cadence Design Systems (CDNS) SVP sells 7,081 shares after option exercise

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CADENCE DESIGN SYSTEMS INC senior vice president Paul Scannell exercised stock options and sold shares in a planned transaction. He exercised options to acquire 7,081 shares of common stock at $285.19 per share, then sold 7,081 shares at $393.91 per share in an open‑market sale.

Following these transactions, Scannell directly holds 32,181 shares of Cadence Design Systems common stock. The filing notes that the activity was carried out under a Rule 10b5-1 trading plan adopted on September 9, 2025, indicating the trades were pre-scheduled.

Positive

  • None.

Negative

  • None.
Insider Scannell Paul
Role Sr. Vice President
Sold 7,081 shs ($2.79M)
Type Security Shares Price Value
Exercise Non-Qualified Stock Option (right to buy) 7,081 $0.00 --
Exercise Common Stock 7,081 $285.19 $2.02M
Sale Common Stock 7,081 $393.91 $2.79M
Holdings After Transaction: Non-Qualified Stock Option (right to buy) — 7,082 shares (Direct, null); Common Stock — 39,262 shares (Direct, null)
Footnotes (1)
  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. Option vests at a rate of 1/48th per month.
Shares sold 7,081 shares Open-market sale of common stock on June 1, 2026
Sale price $393.91 per share Price received for 7,081 common shares sold
Options exercised 7,081 shares Common stock acquired via option exercise on June 1, 2026
Option exercise price $285.19 per share Conversion or exercise price of non-qualified stock option
Post-transaction holdings 32,181 shares Common stock directly owned after reported transactions
Option expiration May 6, 2031 Expiration date of non-qualified stock option grant
10b5-1 plan adoption date September 9, 2025 Date Scannell adopted Rule 10b5-1 Trading Plan
Rule 10b5-1 Trading Plan regulatory
"The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 9/9/2025"
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.
Non-Qualified Stock Option (right to buy) financial
"security_title: "Non-Qualified Stock Option (right to buy)""
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
vests at a rate of 1/48th per month financial
"Option vests at a rate of 1/48th per month."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Sr. Vice President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/01/2026M7,081(1)A$285.1939,262D
Common Stock06/01/2026S7,081(1)D$393.9132,181D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Non-Qualified Stock Option (right to buy)$285.1906/01/2026M7,081 (2)05/06/2031Common Stock7,081$07,082D
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.
2. Option vests at a rate of 1/48th per month.
Remarks:
/s/ Ahalya Hildreth, Attorney-in-Fact for Paul Scannell06/03/2026
** Signature of Reporting PersonDate
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 insider transactions did Cadence Design Systems (CDNS) report for Paul Scannell?

Cadence Design Systems reported that senior vice president Paul Scannell exercised options for 7,081 shares and sold 7,081 shares of common stock. These transactions occurred on June 1, 2026 and were executed under a pre-established Rule 10b5-1 trading plan.

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

Paul Scannell sold 7,081 shares of Cadence Design Systems common stock at $393.91 per share. The sale was classified as an open-market transaction and formed part of a broader plan that also included exercising stock options for the same number of shares.

What stock options did Paul Scannell exercise in the latest Cadence Design Systems (CDNS) Form 4?

Scannell exercised a non-qualified stock option covering 7,081 shares of Cadence Design Systems common stock at a conversion or exercise price of $285.19 per share. The option vests at a rate of 1/48th per month and carries an expiration date of May 6, 2031.

How many Cadence Design Systems (CDNS) shares does Paul Scannell own after these transactions?

After the June 1, 2026 transactions, Paul Scannell directly holds 32,181 shares of Cadence Design Systems common stock. This figure reflects his ownership following the option exercise and subsequent sale of 7,081 shares reported in the Form 4 filing.

Were Paul Scannell’s Cadence Design Systems (CDNS) trades made under a Rule 10b5-1 plan?

Yes. A footnote states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on September 9, 2025. Such plans allow insiders to pre-schedule trades, helping separate personal portfolio decisions from ongoing company developments.

What is the nature of the derivative security in Paul Scannell’s Cadence Design Systems (CDNS) filing?

The derivative security is a non-qualified stock option giving Scannell the right to buy 7,081 shares of Cadence Design Systems common stock at $285.19 per share. It features monthly vesting at 1/48th per month and expires on May 6, 2031.