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

Director Alberto Sangiovanni-Vincentelli sold 1,500 shares of Cadence Design Systems Inc. common stock at a price of $309.09 per share on June 14, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On June 14, 2024, Alberto Sangiovanni-Vincentelli, a director of Cadence Design Systems Inc., sold 1,500 shares of common stock.
• The sale was executed at a price of $309.09 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted by the reporting person on September 13, 2023.
• Following the transaction, Sangiovanni-Vincentelli beneficially owns 48,051 shares of Cadence Design Systems Inc.

Sentiment

Score: 5

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

Industry Context

Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any recent non-public information.

Stakeholder Impact

• The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on their individual investment strategies and perceptions of insider activity.

Key Dates