Cadence Executives Sell Off Billions in Shares Under 10b5-1 Plan

Cadence Design Systems Inc. (CDNS), a U.S. semiconductor design-automation company, saw its key executives sell shares in quick succession between May 1 and May 5 under prearranged Rule 10b5-1 trading plans.

On May 1, Senior Vice President Paul Scannell sold 10,500 shares at approximately $339 per share, cashing out about $3.56 million (roughly KRW 4.8 billion). That same day, Senior Vice President Paul Cunningham sold shares worth about $337,000 (around KRW 500 million).

On May 5, Chief Financial Officer John M. Wall executed a block sale of 5,000 shares in the open market, securing approximately $1.74 million (about KRW 2.4 billion). All three executives remain significant shareholders even after these sales.

Cadence’s recently announced first-quarter 2026 results showed roughly $1.5 billion in revenue and a net profit margin in the low-20 percent range, prompting an upward revision of the full-year guidance and highlighting expanding demand for AI-based design. (cadence.com)

The company is also extending its solutions into physical simulation and system design through next-generation AI-chip design collaboration with TSMC and partnerships with NVIDIA and autonomous-driving LiDAR firm Aeva. (cadence.com)

Headquartered in San Jose, California, Cadence is a leading provider of electronic-design-automation software and semiconductor IP, offering design and verification tools and IP spanning chip, package, board, and system levels. (stockanalysis.com)

In the global EDA market, Cadence ranks among the top three alongside Synopsys and Siemens EDA, and is viewed as a primary beneficiary of rising design complexity driven by increased AI and high-performance computing investments. (en.wikipedia.org)