Form 4: Cadence Design Systems Inc: Officer Paul Scannell Reports Stock Sale

Paul Scannell, a Senior Vice President at Cadence Design Systems Inc, reported the sale of 4,710 shares of common stock at $300 per share on April 29, 2025, according to a pre-arranged Rule 10b5-1 trading plan.

Summary

• Paul Scannell, a Senior Vice President of Cadence Design Systems Inc, filed a Form 4 with the SEC.
• The report details a transaction where 4,710 shares of common stock were sold on April 29, 2025, at a price of $300 per share.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 13, 2024.
• Following the transaction, Scannell directly owns 28,442 shares of Cadence Design Systems Inc.
• The filing was signed by Ahalya Hildreth, Attorney-in-Fact for Paul Scannell, on May 1, 2025.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard insider transaction disclosure. The sale is pre-planned and doesn't necessarily reflect a negative outlook on the company.

Industry Context

This is a routine disclosure of an insider stock sale. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sale by a senior executive could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

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