Cadence Design (NASDAQ: CDNS) director Lewis Chew receives 714-share stock award

Rhea-AI Filing Summary

CADENCE DESIGN SYSTEMS INC director Lewis Chew received a stock grant, increasing his direct holdings. On this Form 4, Chew reported an acquisition of 714 shares of common stock as a grant or award at a stated price of $0.00 per share. Following the award, his direct ownership rose to 9,131 common shares. According to the footnote, this restricted stock award fully vests on the earlier of the first anniversary of the grant date or the next Annual Meeting of Stockholders after the grant date, tying the compensation to a defined service and governance period.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider CHEW LEWIS

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	714	$0.00	--

Holdings After Transaction: Common Stock — 9,131 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares granted: 714 shares Grant price: $0.00 per share Post-transaction holdings: 9,131 shares +1 more

4 metrics

Shares granted 714 shares Restricted stock award of common stock

Grant price $0.00 per share Stated transaction price for the stock award

Post-transaction holdings 9,131 shares Total direct common stock owned after the award

Transaction date May 7, 2026 Date of the restricted stock grant

Key Terms

Restricted stock award, Annual Meeting of Stockholders, grant, award, or other acquisition

3 terms

Restricted stock award financial

"Restricted stock award fully vests on the earlier to occur of (i) the first anniversary..."

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.

Annual Meeting of Stockholders financial

"the date of the next Annual Meeting of Stockholders that follows the Grant Date."

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

Form 4 Insider Transactions: What Each Field Means →

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^*

CHEW LEWIS

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

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	05/07/2026		A		714(1)	A	$0	9,131	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. Restricted stock award fully vests on the earlier to occur of (i) the first anniversary of the Grant Date and (ii) the date of the next Annual Meeting of Stockholders that follows the Grant Date.

Remarks:

	/s/ Ahalya Hildreth, Attorney-in-Fact for Lewis Chew	05/11/2026
	** 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)

FAQ

What insider transaction did CADENCE DESIGN SYSTEMS (CDNS) report for Lewis Chew?

CADENCE DESIGN SYSTEMS reported that director Lewis Chew received a grant of 714 shares of common stock. The shares were awarded at a stated price of $0.00 per share, classified as a grant or award acquisition rather than an open-market purchase or sale.

How many CADENCE DESIGN SYSTEMS (CDNS) shares does Lewis Chew hold after this Form 4?

After the reported grant, Lewis Chew directly owns 9,131 shares of CADENCE DESIGN SYSTEMS common stock. This total reflects his holdings following the 714-share restricted stock award disclosed in the Form 4 insider filing for the transaction dated May 7, 2026.

What is the vesting schedule for Lewis Chew’s new CADENCE DESIGN SYSTEMS (CDNS) restricted shares?

The restricted stock award fully vests on the earlier of the first anniversary of the grant date or the date of the next Annual Meeting of Stockholders after the grant date. This schedule links Chew’s compensation to continued board service and the company’s annual meeting cycle.

Was Lewis Chew’s CADENCE DESIGN SYSTEMS (CDNS) transaction an open-market buy or sell?

The filing classifies the transaction as a grant, award, or other acquisition, not an open-market trade. The 714 shares of common stock were acquired at a reported price of $0.00 per share as part of equity compensation, rather than through market buying or selling.

What does transaction code "A" mean in the CADENCE DESIGN SYSTEMS (CDNS) Form 4?

Transaction code "A" in this Form 4 indicates a grant, award, or other acquisition of securities. For Lewis Chew, it reflects a 714-share restricted stock award of CADENCE DESIGN SYSTEMS common stock, received as compensation instead of a cash transaction in the open market.