Cadence (NASDAQ: CDNS) SVP has 619 shares withheld for tax obligations

Rhea-AI Filing Summary

CADENCE DESIGN SYSTEMS INC senior vice president Paul Scannell reported a routine tax-related share disposition. On May 6, 2026, 619 shares of common stock were withheld at $354.90 per share to satisfy tax obligations from the vesting of a Performance Stock Award. After this withholding, he directly owned 33,327 shares of Cadence common stock. This was not an open-market purchase or sale, but an automatic mechanism to cover taxes triggered by equity compensation vesting.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Scannell Paul

Role Sr. Vice President

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	619	$354.90	$220K

Holdings After Transaction: Common Stock — 33,327 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares withheld for taxes: 619 shares Withholding price per share: $354.90 per share Shares owned after transaction: 33,327 shares

3 metrics

Shares withheld for taxes 619 shares Tax-withholding disposition on May 6, 2026

Withholding price per share $354.90 per share Common stock used to satisfy tax obligations

Shares owned after transaction 33,327 shares Direct holdings following tax-withholding disposition

Key Terms

Performance Stock Award, tax obligations, tax-withholding disposition

3 terms

Performance Stock Award financial

"vesting of Performance Stock Award"

tax obligations financial

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

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

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^*

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)
05/06/2026

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	05/06/2026		F		619(1)	D	$354.9	33,327	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 Performance Stock Award.

Remarks:

	/s/ Ahalya Hildreth, Attorney-in-Fact for Paul Scannell	05/08/2026
	** 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 Paul Scannell?

CADENCE DESIGN SYSTEMS reported that senior vice president Paul Scannell had 619 shares withheld to cover taxes from a vesting Performance Stock Award. This is recorded as a tax-withholding disposition, not an open-market stock sale or purchase.

Was the CDNS Form 4 transaction an open-market sale of shares?

No, the CDNS Form 4 shows no open-market sale. Instead, 619 shares of common stock were withheld by the company to satisfy tax obligations arising from the vesting of a Performance Stock Award granted to senior vice president Paul Scannell.

How many CADENCE DESIGN SYSTEMS shares were withheld for taxes in this filing?

The filing shows that 619 shares of CADENCE DESIGN SYSTEMS common stock were withheld at $354.90 per share. These shares covered tax obligations linked to the vesting of a Performance Stock Award rather than being sold into the open market.

What is Paul Scannell’s CDNS shareholding after the reported tax withholding?

After the tax-withholding disposition, senior vice president Paul Scannell directly held 33,327 shares of CADENCE DESIGN SYSTEMS common stock. This figure reflects his position following the 619 shares withheld to satisfy equity award-related tax obligations.

What does transaction code F mean in the CDNS Form 4?

Transaction code F indicates a disposition of shares to pay an exercise price or tax liability. In this CDNS filing, 619 shares were withheld to satisfy taxes from a Performance Stock Award vesting, rather than being voluntarily sold on the open market.