Cadence Design Systems (CDNS) executive exercises 1,000 options, sells 4,500 shares
Rhea-AI Filing Summary
Cadence Design Systems Sr. Vice President Teng Chin-Chi exercised a non-qualified stock option for 1,000 shares at $202.94 per share on May 22, 2026, then sold 4,500 common shares in multiple open-market trades. The transactions were made under a Rule 10b5-1 trading plan adopted on February 20, 2026, with sale prices reported as weighted averages across ranges from $361.88 to $380.77 per share. After these trades, Teng directly held 148,781 Cadence common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
14 txns
Insider
TENG CHIN-CHI
Role
Sr. Vice President
Sold
4,500 shs ($1.66M)
Approx. gross sale proceeds
$1.66M
Approx. exercise cost
$203K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non- Qualified Stock Option (right to buy | 1,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,000 | $202.94 | $203K |
| Sale | Common Stock | 2,117 | $361.8808 | $766K |
| Sale | Common Stock | 40 | $363.05 | $15K |
| Sale | Common Stock | 40 | $364.69 | $15K |
| Sale | Common Stock | 80 | $369.405 | $30K |
| Sale | Common Stock | 462 | $373.7269 | $173K |
| Sale | Common Stock | 360 | $374.5744 | $135K |
| Sale | Common Stock | 200 | $375.242 | $75K |
| Sale | Common Stock | 120 | $376.2833 | $45K |
| Sale | Common Stock | 280 | $377.8299 | $106K |
| Sale | Common Stock | 440 | $378.8409 | $167K |
| Sale | Common Stock | 321 | $379.7504 | $122K |
| Sale | Common Stock | 40 | $380.7575 | $15K |
Holdings After Transaction:
Non- Qualified Stock Option (right to buy — 11,668 shares (Direct);
Common Stock — 148,781 shares (Direct)
Footnotes (12)
- F1. The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 2/20/2026 by the Reporting Person.
- F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $361.88 to $361.92, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $368.95 to $369.86, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $373.10 to $374.00, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $374.11 to $374.81, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F6. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $375.17 to $375.28, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F7. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $376.21 to $376.35, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F8. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $377.34 to $378.06, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F9. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $378.34 to $379.17, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F10. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $379.53 to $380.33, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F11. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $380.74 to $380.77, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F12. Option vests at a rate of 1/48th per month.
Key Figures
Shares sold: 4500 shares
Option shares exercised: 1000 shares
Option exercise price: $202.9400 per share
+3 more
6 metrics
Shares sold
4500 shares
Total Cadence common shares sold on May 22, 2026 in reported open-market transactions
Option shares exercised
1000 shares
Cadence common shares acquired through exercise of a non-qualified stock option on May 22, 2026
Option exercise price
$202.9400 per share
Exercise price for the non-qualified stock option converted into 1,000 Cadence common shares
Sale price range
$361.88 to $380.77 per share
Weighted-average sale prices across multiple transactions as described in the footnotes
Post-transaction holdings
148,781 shares
Direct Cadence common stock position held by Teng Chin-Chi after the reported transactions
Option expiration date
2030-03-15
Expiration date of the non-qualified stock option that was exercised
Key Terms
Rule 10b5-1 Trading Plan, weighted average price, Non- Qualified Stock Option, vests at a rate of 1/48th per month
4 terms
Rule 10b5-1 Trading Plan regulatory
"The transaction reported was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 2/20/2026"
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Non- Qualified Stock Option financial
"Non- Qualified Stock Option (right to buy Cadence Design Systems common stock)"
vests at a rate of 1/48th per month financial
"Option vests at a rate of 1/48th per month, according to the footnote disclosure"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Cadence Design Systems (CDNS) report for Teng Chin-Chi?
Cadence reported that Sr. Vice President Teng Chin-Chi exercised 1,000 options at $202.94 per share and then sold 4,500 common shares on May 22, 2026 in multiple open-market trades under a Rule 10b5-1 trading plan.
Did Teng Chin-Chi’s CDNS trades occur under a Rule 10b5-1 plan?
Yes. A footnote states the transactions were effected pursuant to a Rule 10b5-1 Trading Plan adopted on February 20, 2026, indicating the trades were pre-arranged under that plan rather than discretionary on the trade date.
What stock option exercise did Teng Chin-Chi report for CDNS?
Teng Chin-Chi exercised a non-qualified stock option1,000 Cadence common shares at an exercise price of $202.94 per share on May 22, 2026. The option is noted as vesting at 1/48th per month and expiring on March 15, 2030.