Cadence Design Systems (CDNS) SVP granted RSUs; shares withheld for taxes

Rhea-AI Filing Summary

Cadence Design Systems Sr. Vice President Paul Scannell reported routine equity compensation activity. On March 16, 2026, he acquired 13,943 shares of Cadence Design Systems common stock as a grant of Restricted Stock Units, with no cash paid per share. On March 17, 2026, 1,610 shares were withheld at $293.75 per share to cover tax obligations arising from RSU vesting, a non-market disposition rather than an open-market sale. Following these transactions, he directly holds 32,612 shares of common stock, indicating a compensation-driven change in holdings rather than a directional market trade.

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

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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)
03/16/2026

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	03/16/2026		A		13,943(1)	A	$0	34,222	D
Common Stock	03/17/2026		F		1,610(2)	D	$293.75	32,612	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. Grant of Restricted Stock Units.

2. Shares withheld to satisfy tax obligations arising out of vesting of Restricted Stock Units.

Remarks:

	/s/ Ahalya Hildreth, Attorney-in-Fact for Paul Scannell	03/18/2026
	** 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 transactions did Cadence Design Systems (CDNS) report for Paul Scannell?

Paul Scannell received RSUs and had shares withheld for taxes. He was granted 13,943 shares of common stock as Restricted Stock Units, and 1,610 shares were later withheld to satisfy tax obligations tied to that vesting.

Was the Cadence Design Systems (CDNS) Form 4 a buy or sell by the executive?

The Form 4 reflects compensation and tax withholding, not open-market trading. Scannell acquired shares through an RSU grant, and a smaller portion was disposed of solely to cover tax liabilities from the vesting.

How many Cadence Design Systems (CDNS) shares does Paul Scannell hold after these transactions?

Paul Scannell holds 32,612 shares of common stock after the transactions. This figure reflects the RSU grant and subsequent tax withholding, showing his remaining direct ownership position following the March 2026 updates.

What does the tax withholding transaction mean in the Cadence Design Systems (CDNS) filing?

The tax withholding is a non-market disposition of shares. Cadence retained 1,610 shares, valued at $293.75 each, to satisfy Scannell’s tax obligations from RSU vesting, rather than him selling shares in the open market.

What is the significance of the RSU grant to Cadence Design Systems (CDNS) executive Paul Scannell?

The RSU grant increases Scannell’s equity-based compensation stake. He received 13,943 common shares as Restricted Stock Units, aligning part of his compensation with Cadence’s stock performance through additional direct share ownership.