CADENCE DESIGN SYSTEMS INC 4

President and CEO Anirudh Devgan exercised 25,000 options at $78.76 and sold 51,887 Cadence Design Systems (CDNS) shares around $370 per share on May 22, 2026 under a Rule 10b5-1 plan.

On May 22, 2026, Cadence Design Systems President and CEO Anirudh Devgan exercised 25,000 non-qualified stock options at $78.76 per share, acquiring 25,000 shares of common stock for approximately $1.97 million, and on the same day sold 51,887 shares of common stock at about $370 per share for roughly $19.20 million under a pre-arranged Rule 10b5-1 trading plan adopted in 2024 and amended in 2025. These options, which vest at 1/48th per month, had an exercise reported at zero remaining derivative holdings for that grant post-transaction, while his direct common stock ownership after the sale stands at 303,525 shares. Using the current market price of about $373.61, his post-transaction common stock holdings are worth an estimated $113 million, indicating that despite the sizable sale, he continues to hold a substantial equity position in the company.

Filing Facts

CIK

813672

Ticker

CDNS

Form

4

Source Type

sec

Accession

0000813672-26-000071

Alert Tier

9