Form 4: Cadence Design Systems SVP & General Counsel Reports Stock Sale
SEC Filing
Karna Nisewaner, SVP & General Counsel of Cadence Design Systems, sold 600 shares of common stock on April 1, 2024, at a price of $310.46 per share.
Summary
- Karna Nisewaner, a Senior Vice President and General Counsel at Cadence Design Systems Inc. (CDNS), reported a transaction involving the company's common stock.
- On April 1, 2024, Nisewaner sold 600 shares of common stock at a price of $310.46 per share.
- Following the transaction, Nisewaner directly owns 21,080 shares of Cadence Design Systems Inc.
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 9, 2023.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a routine disclosure of an insider transaction under a pre-arranged trading plan.
Industry Context
This is a routine disclosure of an insider transaction. It is common for executives to have pre-arranged trading plans to avoid accusations of trading on inside information.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a relatively small sale by an executive under a pre-arranged trading plan.
Key Dates
| Date | Description |
|---|---|
| 2023/08/09 | Date of adoption of Rule 10b5-1 Trading Plan |
| 2024/04/01 | Date of stock sale transaction |
| 2024/04/03 | Date of Form 4 filing |
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