Form 4: Cadence Design Systems Director, Young Sohn, Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Young Sohn reports acquiring 868 shares of Cadence Design Systems common stock on May 2, 2024.
Summary
- On May 2, 2024, Young Sohn, a director of Cadence Design Systems Inc., acquired 868 shares of common stock.
- The acquisition was a direct transaction.
- Following the transaction, Sohn directly owns 13,941 shares of Cadence Design Systems Inc. common stock.
- The shares were acquired at a price of $0.
Sentiment
Score: 5
Explanation: This is a routine filing; the sentiment is neutral as it simply reports a transaction.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 05/02/2024 | Date of transaction: Acquisition of common stock |
| 05/06/2024 | Date of signature on the report |
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