Cadence SVP has 937 shares withheld for taxes

Cadence Design Systems’ senior vice president reported a small share withholding to cover taxes on RSU vesting, with over thirty thousand shares still held directly.

Rhea-AI Filing Summary

CADENCE DESIGN SYSTEMS INC (CDNS) reported that Sr. Vice President Paul Scannell had 937 shares of common stock withheld on September 17, 2026 to satisfy tax obligations arising from the vesting of a Restricted Stock Unit award. After this tax-withholding disposition, he directly holds 30,783 shares of Cadence common stock.

Insider Trade Summary

Tax Withholding: 937 shares

Tax Withholding 1 txn

Insider Scannell Paul

Role Sr. Vice President

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	937	$280.76	$263K

Holdings After Transaction: Common Stock — 30,783 shares (Direct)

Footnotes (1)

1. F1. Shares withheld to satisfy tax obligations arising out of vesting of Restricted Stock Unit.

Key Figures

Shares withheld for taxes: 937 shares Per-share value for withholding: $280.76 per share Shares held after transaction: 30,783 shares

3 metrics

Shares withheld for taxes 937 shares Common stock withheld on September 17, 2026 to satisfy tax obligations from RSU vesting

Per-share value for withholding $280.76 per share Value used for the 937 shares withheld on September 17, 2026

Shares held after transaction 30,783 shares Direct holdings of Cadence common stock by Paul Scannell following the September 17, 2026 transaction

Key Terms

Restricted Stock Unit, tax obligations, withheld

3 terms

Restricted Stock Unit financial

"arising out of vesting of Restricted Stock Unit"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

tax obligations financial

"Shares withheld to satisfy tax obligations arising out of vesting"

withheld 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 transaction did CDNS report for Paul Scannell on September 17, 2026?

Cadence Design Systems reported that Sr. Vice President Paul Scannell had 937 shares of common stock withheld on September 17, 2026 to pay tax obligations arising from the vesting of a Restricted Stock Unit award.

Was the September 17, 2026 CDNS insider transaction a market sale or tax withholding?

The September 17, 2026 transaction for Cadence Design Systems was a tax-withholding disposition, where 937 shares were withheld to satisfy tax liabilities from RSU vesting, not an open-market sale.

How many CDNS shares does Paul Scannell hold after this reported transaction?

After the September 17, 2026 tax-withholding transaction, Sr. Vice President Paul Scannell directly holds 30,783 shares of Cadence Design Systems common stock.

What price per share was used for the CDNS tax-withholding transaction?

The tax-withholding disposition for Cadence Design Systems on September 17, 2026 used a value of $280.76 per share for the 937 shares withheld to satisfy tax obligations from RSU vesting.

Was the CDNS insider transaction reported under a Rule 10b5-1 trading plan?

No. The filing indicates that the Rule 10b5-1 checkbox is not affirmed, and the transaction is described instead as shares withheld to satisfy tax obligations from the vesting of a Restricted Stock Unit.

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

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Available on EDGAR 09/21/2026 - 05:23 PM Accepted by SEC EDGAR 09/21/2026 - 05:22 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).

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)

	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)
09/17/2026

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	09/17/2026		F		937(1)	D	$280.76	30,783	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. Shares withheld to satisfy tax obligations arising out of vesting of Restricted Stock Unit.

Remarks:

	/s/ Ahalya Hildreth, Attorney-in-Fact for Paul Scannell	09/21/2026
	** 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)