Form 4: Cadence Design Systems Executive Sells 650 Shares Under 10b5-1 Trading Plan

A Cadence Design Systems executive, Paul Cunningham, sold 650 shares of common stock at $304.84 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Paul Cunningham, a Senior Vice President at Cadence Design Systems, sold 650 shares of the company's common stock on January 2, 2025.
• The sale was executed at a price of $304.84 per share.
• This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on March 12, 2024.
• Following the transaction, Mr. Cunningham directly owns 59,311 shares of Cadence Design Systems stock.

Sentiment

Score: 5

Explanation: This is a routine transaction under a pre-arranged trading plan and does not indicate any significant positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to manage their stock sales and avoid accusations of trading on inside information.

Comparison to Industry Standards

• Many executives at publicly traded companies use 10b5-1 trading plans to manage their stock sales.
• The volume of shares sold is relatively small compared to the total outstanding shares of Cadence Design Systems.
• The price of the sale is consistent with the market price of the stock at the time of the transaction.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors due to the small volume of shares sold.

Key Dates

Keywords

Cadence Design Systems, insider trading, Form 4, stock sale, Rule 10b5-1, executive, Paul Cunningham, CDNS