Cadence CEO has 3,779 shares withheld for taxes

CADENCE DESIGN SYSTEMS INC (CDNS) reported that President and CEO Anirudh Devgan had 3,779 shares of common stock withheld on September 17, 2026 to satisfy tax obligations arising from the vesting of a Restricted Stock Unit award.

Available on EDGAR 09/21/2026 - 05:22 PM EDT Accepted by SEC EDGAR 09/21/2026 - 05:22 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

CADENCE DESIGN SYSTEMS INC (CDNS) reported that President and CEO Anirudh Devgan had 3,779 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 247,201 shares of Cadence common stock.

Insider Trade Summary

Tax Withholding: 3,779 shares

Tax Withholding 1 txn

Insider DEVGAN ANIRUDH

Role President and CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	3,779	$280.76	$1.06M

Holdings After Transaction: Common Stock — 247,201 shares (Direct)

Holdings Before and After: Common Stock, 250,980 to 247,201 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: 3,779 shares Per-share value for withholding: $280.76 per share Shares directly held after transaction: 247,201 shares

3 metrics

Shares withheld for taxes 3,779 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 applied to the 3,779 CDNS shares withheld for tax obligations

Shares directly held after transaction 247,201 shares Cadence CEO’s direct CDNS common stock holdings after the September 17, 2026 transaction

Key Terms

Restricted Stock Unit, tax obligations, Form 4

3 terms

Restricted Stock Unit financial

"tax obligations 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"

Form 4 regulatory

"This insider transaction is reported on Form 4 for CDNS"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did CDNS report for Anirudh Devgan on September 17, 2026?

The report shows 3,779 CDNS shares of common stock were withheld on September 17, 2026 to satisfy tax obligations arising from vesting of a Restricted Stock Unit award.

How many CDNS shares does the Cadence CEO hold after this Form 4 transaction?

After the reported tax-withholding disposition, Cadence President and CEO Anirudh Devgan directly holds 247,201 shares of CDNS common stock.

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

It was a tax withholding transaction. 3,779 shares were withheld to satisfy tax obligations from the vesting of a Restricted Stock Unit, rather than being sold in the open market.

Did Cadence indicate a Rule 10b5-1 trading plan for this CDNS Form 4 filing?

No. The filing’s Rule 10b5-1 checkbox is not marked, and the footnote explains the shares were withheld for taxes on RSU vesting, not traded under a pre-arranged plan.

What price per share is associated with the CDNS tax-withholding transaction?

The transaction reflects a value of $280.76 per share for the 3,779 shares of CDNS common stock withheld to cover tax obligations from the Restricted Stock Unit vesting.

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

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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^*

DEVGAN ANIRUDH

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

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		3,779(1)	D	$280.76	247,201	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 Anirudh Devgan	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)