Cadence (CDNS) director’s family trust sells 1,511 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CADENCE DESIGN SYSTEMS INC director James D. Plummer reported an indirect sale of common stock and updated his holdings. On June 11, 2026, the Plummer Family Trust sold 1,511 shares in an open-market transaction at $381.34 per share, executed under a pre-arranged Rule 10b5-1 Trading Plan adopted on March 12, 2026. After this sale, the trust held 23,264 shares indirectly. A separate holding entry shows 3,120 shares held directly by Plummer.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,511 shares ($576,205)
Net Sell
2 txns
Insider
PLUMMER JAMES D
Role
null
Sold
1,511 shs ($576K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,511 | $381.34 | $576K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 23,264 shares (Indirect, Held by Trust);
Common Stock — 3,120 shares (Direct, null)
Footnotes (1)
- The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 3/12/2026 by the Reporting Person. Shares held by the Plummer Family Trust.
Key Figures
Shares sold: 1,511 shares
Sale price: $381.34 per share
Indirect holdings after sale: 23,264 shares
+2 more
5 metrics
Shares sold
1,511 shares
Open-market sale on June 11, 2026
Sale price
$381.34 per share
Price for 1,511 shares sold
Indirect holdings after sale
23,264 shares
Plummer Family Trust position after transaction
Direct holdings reported
3,120 shares
Directly held common stock as a holding entry
Net share change
-1,511 shares
Net buy/sell shares in this Form 4
Key Terms
Rule 10b5-1 Trading Plan, open-market sale, indirect, Plummer Family Trust, +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 3/12/2026"
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.
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.
indirect financial
"direct_or_indirect: I, nature_of_ownership: Held by Trust"
Plummer Family Trust financial
"Shares held by the Plummer Family Trust."
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did CADENCE DESIGN SYSTEMS (CDNS) director James D. Plummer report?
James D. Plummer reported an indirect open-market sale of 1,511 shares of Cadence Design Systems common stock. The shares were sold on June 11, 2026 at $381.34 per share by the Plummer Family Trust.
Was the CADENCE DESIGN SYSTEMS (CDNS) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the transaction was effected pursuant to a Rule 10b5-1 Trading Plan adopted on March 12, 2026. Such plans pre-schedule trades, making the timing more routine and less about short-term market views.