Cadence CFO Sells $90 Million in Stock... Three Executives Dispose of Shares

Cadence Design Systems, Inc. (Nasdaq: CDNS) disclosed on April 16 that Chief Financial Officer John M. Wall sold 21,500 shares of the company’s common stock under a pre-established Rule 10b5-1 trading plan at an average price of approximately $309.45 per share, realizing about $6.65 million (roughly ₩9 billion). After the sale, Mr. Wall still holds approximately 86,875 shares, with the remaining stake valued at about $26.9 million (around ₩37 billion). On May 1, Senior Vice Presidents Paul Scannell and Paul Cunningham also executed pre-planned sales, disposing of 10,500 shares at about $339.00 per share and 1,000 shares at $337.49 per share, respectively, for proceeds of approximately $3.56 million (₩5 billion) and $330,000 (₩400 million). Both executives continue to hold equity stakes valued in the tens of millions of dollars (hundreds of billions of won).

In its first-quarter 2026 results announced on April 27, Cadence reported revenue of $1.474 billion and a record backlog of $8 billion, and raised its full-year 2026 revenue-growth forecast to about 17%. In March, the company unveiled accelerated engineering solutions for agentic AI chip and system design in collaboration with NVIDIA, and in February completed its acquisition of the design and engineering business from Sweden’s Hexagon—moves that expand its product lineup and partnerships in AI and multiphysics simulation.

Headquartered in California, Cadence Design Systems is a leading electronic-design-automation (EDA) software provider listed on Nasdaq. It supplies circuit-design, verification, and system-simulation tools to semiconductor and systems companies and ranks among the top global EDA firms alongside Synopsys and Siemens EDA. The company is also scaling its offering to meet rising demand in agentic AI-based design automation, high-performance computing, and automotive semiconductor applications.