Form 4: Cadence Design Systems Executive Paul Cunningham Reports Stock Sale
SEC Form 4 Filing
Senior Vice President Paul Cunningham of Cadence Design Systems reports selling 650 shares of common stock at a price of $292.32 per share on February 3, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Paul Cunningham, a Senior Vice President at Cadence Design Systems, filed a Form 4 on February 5, 2025, reporting a transaction involving the company's common stock.
- On February 3, 2025, Cunningham sold 650 shares of common stock at a price of $292.32 per share.
- The sale was executed under a Rule 10b5-1 trading plan adopted on March 12, 2024.
- Following the reported transaction, Cunningham beneficially owns 58,773 shares of Cadence Design Systems.
- This amount includes 112 shares acquired through the Employee Stock Purchase Plan on January 31, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing reporting a stock sale by an insider. It doesn't inherently convey positive or negative sentiment, as it's simply a factual disclosure.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. The use of a 10b5-1 trading plan suggests the insider's trading was pre-planned.
Key Dates
| Date | Description |
|---|---|
| 2024-03-12 | Date of adoption of Rule 10b5-1 Trading Plan |
| 2025-01-31 | Date of acquisition of 112 shares through Employee Stock Purchase Plan |
| 2025-02-03 | Date of stock sale transaction |
| 2025-02-05 | Date of Form 4 filing |
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