STOCK TITAN

Cadence Design Systems (CDNS) executive exercises 1,000 options, sells 4,500 shares

(Very High)
(Negative)
Form Type
4

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 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)
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. 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.
  11. 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.
  12. F12. Option vests at a rate of 1/48th per month.
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
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.

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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.

How many CDNS shares did Teng Chin-Chi sell, and at what price range?

Teng Chin-Chi sold 4,500 common shares of CDNS in a series of trades. Footnotes state the reported prices are weighted averages for transactions executed within ranges from $361.88 to $380.77 per share on May 22, 2026.

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.

How many Cadence Design Systems (CDNS) shares does Teng Chin-Chi hold after these trades?

Following the reported option exercise and stock sales, Teng Chin-Chi directly held 148,781 common shares of Cadence Design Systems, according to the canonical post-transaction holdings disclosed for this insider position.

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.
SEC Form 4
FORM 4UNITED 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).
X
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*
TENG CHIN-CHI

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Sr. Vice President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/22/2026M1,000(1)A$202.94153,281D
Common Stock05/22/2026S2,117(1)D$361.8808(2)151,164D
Common Stock05/22/2026S40(1)D$363.05151,124D
Common Stock05/22/2026S40(1)D$364.69151,084D
Common Stock05/22/2026S80(1)D$369.405(3)151,004D
Common Stock05/22/2026S462(1)D$373.7269(4)150,542D
Common Stock05/22/2026S360(1)D$374.5744(5)150,182D
Common Stock05/22/2026S200(1)D$375.242(6)149,982D
Common Stock05/22/2026S120(1)D$376.2833(7)149,862D
Common Stock05/22/2026S280(1)D$377.8299(8)149,582D
Common Stock05/22/2026S440(1)D$378.8409(9)149,142D
Common Stock05/22/2026S321(1)D$379.7504(10)148,821D
Common Stock05/22/2026S40(1)D$380.7575(11)148,781D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Non- Qualified Stock Option (right to buy$202.9405/22/2026M1,000 (12)03/15/2030Common Stock1,000$011,668D
Explanation of Responses:
1. 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.
2. 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.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. 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.
9. 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.
10. 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.
11. 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.
12. Option vests at a rate of 1/48th per month.
Remarks:
/s/ Ahalya Hildreth, Attorney-in-Fact for Chin-Chi Teng05/27/2026
** Signature of Reporting PersonDate
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)