Form 4: Cadence Design Director Sells Shares Under 10b5-1 Plan

Cadence Design Systems Director Ita M. Brennan sold 180 common shares on December 10, 2025, under a Rule 10b5-1 trading plan.

Summary

• Ita M. Brennan, a Director of Cadence Design Systems Inc. (CDNS), reported the sale of common stock.
• On December 10, 2025, a total of 180 shares of common stock were disposed of in multiple transactions.
• The shares were sold at weighted average prices ranging from $333.465 to $340.35 per share.
• Following these transactions, Ita M. Brennan beneficially owns 7,650 shares of Cadence Design Systems common stock.
• These transactions were executed pursuant to a Rule 10b5-1 Trading Plan adopted by the reporting person on December 12, 2024.

Sentiment

Score: 5

Explanation: The filing reports a routine insider stock sale executed under a pre-arranged 10b5-1 trading plan, which is a neutral event for the company's operational or financial performance.

Future Outlook

Not applicable. This filing reports a past transaction and does not contain forward-looking statements or guidance.

Industry Context

Not applicable. This filing is a routine insider transaction report and does not provide information related to broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in a director's direct ownership, which is a routine event and unlikely to have a material impact on other shareholders.

Key Dates

Recommendation

The reported transaction is a pre-scheduled sale of a small number of shares by a director, executed under a Rule 10b5-1 plan. This type of insider activity is generally considered routine personal financial management and does not typically signal a change in the company's fundamentals or warrant an alteration in investment strategy.

Keywords

Cadence Design Systems, CDNS, Insider Trading, Form 4, Stock Sale, Director, 10b5-1 Plan, Equity Transaction