Form 4: Cadence Design Systems CEO Anirudh Devgan Reports Stock Sale

Anirudh Devgan, CEO of Cadence Design Systems, reported the sale of 10,737 shares of common stock at $310 per share on May 2, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Anirudh Devgan, the President and CEO of Cadence Design Systems, Inc. (CDNS), filed a Form 4 with the SEC.
• The report details a transaction where 10,737 shares of common stock were disposed of on May 2, 2025, at a price of $310 per share.
• This transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 6, 2024.
• Following the reported transaction, Devgan directly owns 209,548 shares of Cadence Design Systems.
• The filing was signed by Ahalya Hildreth, Attorney-in-Fact for Anirudh Devgan, on May 6, 2025.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock sale by the CEO under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock. This provides transparency to the market and ensures compliance with securities regulations. The use of a 10b5-1 trading plan allows insiders to sell shares at predetermined times and prices, avoiding accusations of insider trading.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Anirudh Devgan, Cadence Design Systems, CDNS, Stock Sale, Rule 10b5-1 Trading Plan, SEC Filing, Beneficial Ownership