Cadence (CDNS) SVP sells 4,500 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cadence Design Systems senior vice president Chin-Chi Teng reported open-market stock sales and an option exercise. On June 22, 2026, he sold a total of 4,500 shares of Cadence common stock in multiple transactions at prices generally between the high $370s and just above $390 per share. These sales were made under a pre-arranged Rule 10b5-1 trading plan adopted on February 20, 2026.
On the same date, Teng exercised a stock option covering 1,000 shares of common stock at an exercise price of $202.94 per share. After the transactions, he directly held 149,781 shares of Cadence common stock and 10,668 non-qualified stock options as reflected in this filing, indicating that the reported activity involved only part of his overall equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 4,500 shares ($1,731,970)
Net Sell
13 txns
Insider
TENG CHIN-CHI
Role
Sr. Vice President
Sold
4,500 shs ($1.73M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non- Qualified Stock Option (right to buy | 1,000 | $0.00 | -- |
| Exercise | Common Stock | 1,000 | $202.94 | $203K |
| Sale | Common Stock | 200 | $379.184 | $76K |
| Sale | Common Stock | 280 | $379.9157 | $106K |
| Sale | Common Stock | 400 | $381.2788 | $153K |
| Sale | Common Stock | 998 | $382.3548 | $382K |
| Sale | Common Stock | 160 | $383.3611 | $61K |
| Sale | Common Stock | 241 | $384.3943 | $93K |
| Sale | Common Stock | 240 | $385.845 | $93K |
| Sale | Common Stock | 1,281 | $387.4281 | $496K |
| Sale | Common Stock | 220 | $388.8771 | $86K |
| Sale | Common Stock | 320 | $389.6263 | $125K |
| Sale | Common Stock | 160 | $390.9175 | $63K |
Holdings After Transaction:
Non- Qualified Stock Option (right to buy — 10,668 shares (Direct, null);
Common Stock — 149,781 shares (Direct, null)
Footnotes (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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $378.54 to $379.41, 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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $379.56 to $380.44, 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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $380.91 to $381.88, 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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $381.96 to $382.91, 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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $383.08 to $383.76, 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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $384.22 to $385.03, 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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $385.57 to $386.37, 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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $387.28 to $388.11, 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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $388.39 to $389.05, 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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $389.42 to $390.11, 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. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $390.48 to $391.37, 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. Option vests at a rate of 1/48th per month.
Key Figures
Shares sold: 4,500 shares
Highest reported sale price: $391.37/share
Lowest reported sale price: $378.54/share
+5 more
8 metrics
Shares sold
4,500 shares
Total open-market sales on June 22, 2026
Highest reported sale price
$391.37/share
Upper end of disclosed weighted-average price ranges
Lowest reported sale price
$378.54/share
Lower end of disclosed weighted-average price ranges
Options exercised
1,000 shares
Common stock acquired via option exercise on June 22, 2026
Option exercise price
$202.94/share
Non-qualified stock option strike price
Shares held after transactions
149,781 shares
Direct Cadence common stock ownership post-transaction
Options outstanding after exercise
10,668 options
Remaining non-qualified stock options
Option expiration
March 15, 2030
Non-qualified stock option expiration date
Key Terms
Rule 10b5-1 Trading Plan, weighted average price, Non- Qualified Stock Option, derivative security, +2 more
6 terms
Rule 10b5-1 Trading Plan regulatory
"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."
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 at prices ranging from $378.54 to $379.41, inclusive."
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 ... underlying security title Common Stock, underlying security shares 1000.0000."
derivative security financial
"Exercise or conversion of derivative security is the transaction code description for the option exercise."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
net-sell financial
"transactionSummary shows netBuySellDirection as net-sell with netBuySellShares of -4500."
vests at a rate of 1/48th per month financial
"Option vests at a rate of 1/48th per month, describing the stock option vesting schedule."
FAQ
What insider transactions did Cadence (CDNS) SVP Chin-Chi Teng report on June 22, 2026?
Chin-Chi Teng reported selling 4,500 shares of Cadence common stock in multiple open-market transactions and exercising a stock option for 1,000 shares at $202.94 per share, all on June 22, 2026.
Was the Cadence (CDNS) insider sale by Chin-Chi Teng made under a Rule 10b5-1 plan?
Yes. The filing states the transactions were effected under a Rule 10b5-1 trading plan adopted on February 20, 2026, indicating the sales were pre-arranged rather than timed discretionarily.
What stock option did Cadence (CDNS) SVP Chin-Chi Teng exercise in this Form 4?
He exercised a non-qualified stock option for 1,000 shares of Cadence common stock with a $202.94 exercise price per share. The option vests at a rate of 1/48th per month and expires on March 15, 2030.