CADENCE DESIGN SYSTEMS INC 4

Sr. Vice President Paul Scannell exercised 7,081 Cadence Design Systems stock options at $285.19 and sold 7,081 common shares at $393.91 on June 1, 2026 under a Rule 10b5-1 plan.

On June 1, 2026, Cadence Design Systems Inc. Senior Vice President Paul Scannell exercised 7,081 non-qualified stock options for common stock at an exercise price of $285.19 per share and, on the same date, sold 7,081 shares of common stock at an average price of $393.91 per share under a Rule 10b5-1 trading plan adopted on September 9, 2025. The option exercise, which carried no reported transaction price in the derivative line itself, is economically equivalent to paying $285.19 per share, implying an exercise cost of roughly $2.0 million, while the sale generated proceeds of approximately $2.79 million, effectively monetizing vested options without changing his net economic exposure dramatically beyond the cash-out. Following these transactions, Scannell directly owned 32,181 shares of Cadence common stock, which, using the disclosed sale price as a proxy for market value, are worth an estimated $12.7 million, and he continues to hold derivative option interests as indicated by the remaining derivative holdings disclosed in the filing.

Filing Facts

CIK

813672

Ticker

CDNS

Form

4

Source Type

sec

Accession

0000813672-26-000076

Alert Tier

8