Cadence SVP exercises options and sells 7,081 shares
CADENCE DESIGN SYSTEMS INC senior vice president Paul Scannell exercised stock options and sold shares in a planned transaction.
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 Trade Summary 10b5-1
Exercise and Sale: 7,081 shares ($770K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Scannell Paul
Role
Sr. Vice President
Sold
7,081 shs ($2.79M)
Approx. gross sale proceeds
$2.79M
Approx. exercise cost
$2.02M
Approx. pre-tax spread
$770K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (right to buy) | 7,081 | $0.00 | $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 contracts (Direct);
Common Stock — 32,181 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. Option vests at a rate of 1/48th per month.
Key Figures
Shares sold: 7,081 shares
Sale price: $393.91 per share
Options exercised: 7,081 shares
+4 more
7 metrics
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
Key Terms
Rule 10b5-1 Trading Plan, Non-Qualified Stock Option (right to buy), derivative security, open-market sale, +1 more
5 terms
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."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
