Form 4: Cadence Design Systems SVP Chin-Chi Teng Executes Stock Option and Sells Shares

Chin-Chi Teng, a Senior Vice President at Cadence Design Systems, exercised stock options and sold shares on July 1, 2024, according to a recent SEC Form 4 filing.

Summary

• On July 1, 2024, Chin-Chi Teng, a Senior Vice President at Cadence Design Systems, exercised non-qualified stock options to acquire 10,000 shares of common stock at a price of $78.76 per share.
• Simultaneously, Teng sold a total of 10,000 shares of common stock in multiple transactions at weighted average prices ranging from $304.761 to $307.75.
• These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 7, 2024.
• Following these transactions, Teng directly owns 95,408 shares of Cadence Design Systems common stock and 19,910 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't convey any specific positive or negative sentiment about the company's performance or future prospects.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a change in the company's outlook or performance. It is common for executives to exercise stock options and sell shares for personal financial management.

Key Dates