Cadence (NASDAQ: CDNS) SVP has 181 shares withheld for taxes

Q: Did Paul Scannell sell CADNS shares in the open market?

No, the Form 4 shows no open-market sale . Instead, 181 shares of CDNS common stock were withheld by the company solely to satisfy tax obligations from a vesting Restricted Stock Award.

Q: What was the price used for the 181 CDNS shares withheld for taxes?

The 181 withheld CDNS shares were valued at $323.47 per share for reporting purposes. This price is used to calculate the value of shares applied toward Scannell’s tax obligations from the Restricted Stock Award vesting.

Q: Was the CADNS Form 4 transaction under a Rule 10b5-1 trading plan?

No, the filing’s Rule 10b5-1 checkbox is not marked . The transaction is described as shares withheld to satisfy tax obligations from Restricted Stock Award vesting, not as a pre-arranged trading-plan sale.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

CADENCE DESIGN SYSTEMS INC (CDNS) reported that Sr. Vice President Paul Scannell had 181 shares of common stock withheld on 2026-08-17 to satisfy tax obligations arising from the vesting of a Restricted Stock Award. The shares were treated as a disposition for reporting purposes. After this tax-withholding event, Scannell directly holds 32,000 shares of Cadence common stock.

Insider Trade Summary

Net Seller: 181 shares

Net Sell 1 txn

Insider Scannell Paul

Role Sr. Vice President

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock ^F1	181	$323.47	$59K

Holdings After Transaction: Common Stock — 32,000 shares (Direct)

Footnotes (1)

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

Key Figures

Shares withheld for taxes: 181 shares Per-share value for withholding: $323.47 per share Post-transaction holdings: 32,000 shares

3 metrics

Shares withheld for taxes 181 shares Common stock withheld on 2026-08-17 to satisfy tax obligations from Restricted Stock Award vesting

Per-share value for withholding $323.47 per share Reporting price applied to the 181 withheld shares

Post-transaction holdings 32,000 shares Direct CDNS common stock held by Paul Scannell following the transaction

Key Terms

Restricted Stock Award, tax obligations, Form 4

3 terms

Restricted Stock Award financial

"vesting of Restricted Stock Award"

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

tax obligations financial

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

Form 4 regulatory

"as reflected in a Form 4 filing"

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

What insider transaction did CADENCE DESIGN SYSTEMS (CDNS) report for Paul Scannell?

CADENCE DESIGN SYSTEMS reported that Sr. Vice President Paul Scannell had 181 CDNS shares withheld on 2026-08-17 to cover tax obligations from a Restricted Stock Award vesting, as reflected in a Form 4 filing.

Did Paul Scannell sell CADNS shares in the open market?

No, the Form 4 shows no open-market sale. Instead, 181 shares of CDNS common stock were withheld by the company solely to satisfy tax obligations from a vesting Restricted Stock Award.

How many CADNS shares does Paul Scannell hold after the reported transaction?

After the tax-withholding transaction, Paul Scannell directly holds 32,000 shares of CADENCE DESIGN SYSTEMS (CDNS) common stock, according to the Form 4’s post-transaction holdings figure for his direct ownership.

What was the price used for the 181 CDNS shares withheld for taxes?

The 181 withheld CDNS shares were valued at $323.47 per share for reporting purposes. This price is used to calculate the value of shares applied toward Scannell’s tax obligations from the Restricted Stock Award vesting.

Was the CADNS Form 4 transaction under a Rule 10b5-1 trading plan?

No, the filing’s Rule 10b5-1 checkbox is not marked. The transaction is described as shares withheld to satisfy tax obligations from Restricted Stock Award vesting, not as a pre-arranged trading-plan sale.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/19/2026 - 07:20 PM Accepted by SEC EDGAR 08/19/2026 - 07:20 PM

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)
08/17/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/17/2026		F		181⁽¹⁾	D	$323.47	32,000	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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

Remarks:

	/s/ Ahalya Hildreth, Attorney-in-Fact for Paul Scannell	08/19/2026
	** 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)

Source: View Original Filing on SEC EDGAR