CDNS Vice President Paul Cunningham Sells 2,000 Shares on July 15, Reducing Holdings to 125,586 Shares

Cadence Design Systems (CDNS) Senior Vice President Paul Cunningham exercised 1,000 stock options at $138.02 per share on July 15 and then sold 2,000 common shares at $383.36 per share on the same day[2]. As a result, Cunningham’s net holdings decreased by 1,000 shares to 125,586 shares, and the sale was executed under a 10b5-1 plan[2].

This option exercise involved the exercise of 1,000 Non-Qualified Stock Options, resulting in the acquisition of 1,000 common shares at a total exercise cost of $138,020[2]. The open-market sale of 2,000 common shares on the same day was reported at $383.36 per share, totaling $766,720[2]. Consequently, Cunningham increased his holdings by 1,000 shares through the exercise and then sold 2,000 shares, resulting in a net decrease of 1,000 shares[2].

Following the transactions, Cunningham directly holds 125,586 shares of Cadence common stock, with the reported estimated remaining holding value at approximately $4,813,327[2]. The exercised options are part of grants vesting monthly at a rate of 1/48 beginning March 25, 2021[2]. The sale was disclosed as executed under a pre-established 10b5-1 trading plan[2].

On June 22, another Senior Vice President at the same company, Tung Chinchi, exercised 1,000 Non-Qualified Stock Options at $202.94 per share to acquire 1,000 shares and then sold 3,299 common shares on the same day in multiple tranches at a weighted-average price of approximately $379–391 per share[1]. Through this series of 10b5-1 plan sales, about $1.26 million in proceeds were realized, and Tung Chinchi now reports holding 145,281 shares of Cadence common stock[1].

The main transaction details for both executives are as follows.

Category	Executive	Date	Type	Quantity (Shares)	Price (USD)	Transaction Amount (USD)	Notes
Option Exercise	Paul Cunningham	2026-07-15	Option Exercise	1,000	138.02	138,020	Non-Qualified Option[2]
Common Stock Sale	Paul Cunningham	2026-07-15	Sale	2,000	383.36	766,720	10b5-1 Plan[2]
Option Exercise	Tung Chinchi	2026-06-22	Option Exercise	1,000	202.94	202,940	Non-Qualified Option[1]
Common Stock Sale Total	Tung Chinchi	2026-06-22	Sale (Multiple Tranches)	3,299	approx. 379–391	approx. 1,260,000	10b5-1 Plan[1]

Both Cunningham and Tung Chinchi secured liquidity through simultaneous option exercises and sales while continuing to hold 125,586 shares and 145,281 shares of Cadence common stock, respectively, as confirmed in the filings[1][2].