CADENCE DESIGN SYSTEMS INC 4

Cadence Design Systems CEO Anirudh Devgan exercised 26,821 options and sold a total of 76,827 CDNS common shares for roughly $29.7 million on June 1–2, 2026 under a Rule 10b5-1 plan.

On June 1, 2026, President and CEO Anirudh Devgan of Cadence Design Systems, Inc. exercised 26,821 non-qualified stock options at $78.76 per share, acquiring an equal number of common shares, and on the same day sold 51,822 shares at approximately $395 per share in a market transaction, followed by an additional sale of 25,005 shares at approximately $415 per share on June 2, 2026. The option exercise generated stock worth roughly $2.1 million, while the combined sales totaled about $29.7 million in proceeds. After these transactions, Devgan held 253,519 shares of Cadence common stock. The trades were conducted under a pre-established Rule 10b5-1 trading plan, and the options involved were part of a grant that vests monthly at 1/48th per month.

Filing Facts

CIK

813672

Ticker

CDNS

Form

4

Source Type

sec

Accession

0000813672-26-000077

Alert Tier

9