Form 4: Cadence Design Systems Director Transfers Shares to Family Trust
SEC Filing Form 4
Director Mark Adams transferred shares of Cadence Design Systems Inc. to the Adams Family Trust.
Summary
- Mark Adams, a director of Cadence Design Systems Inc. (CDNS), filed a Form 4 with the SEC.
- The form reports changes in beneficial ownership of securities.
- On May 2, 2025, Adams transferred 868 shares of common stock to the Adams Family Trust dated October 27, 2000.
- The transfer was a gift, and the price per share was $0.
- Following the transaction, Adams directly owns 0 shares and indirectly owns 12,148 shares through the trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding a share transfer to a family trust, indicating a neutral sentiment.
Industry Context
This is a routine disclosure related to insider transactions and doesn't necessarily reflect a change in the company's outlook or performance.
Related Party Transactions
- The transfer of shares to the Adams Family Trust constitutes a related party transaction.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a transfer of shares to a family trust and does not represent a sale on the open market.
Key Dates
| Date | Description |
|---|---|
| 10/27/2000 | Date of the Adams Family Trust |
| 05/02/2025 | Date of the share transfer to the Adams Family Trust |
| 05/06/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Beneficial Ownership, Cadence Design Systems, CDNS, Mark Adams, Adams Family Trust, Share Transfer, Director
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