Form 4: Cadence SVP Sells Shares Under 10b5-1 Plan
Insider Transaction Report
Cadence Design Systems Senior Vice President Chin-Chi Teng executed a planned sale of company stock following option exercises.
Summary
- Chin-Chi Teng, Senior Vice President of Cadence Design Systems Inc. (CDNS), reported transactions involving company common stock.
- On November 6, 2025, Teng acquired 2,000 shares of common stock by exercising non-qualified stock options at an exercise price of $78.76 per share.
- On the same date, Teng acquired an additional 400 shares of common stock by exercising non-qualified stock options at an exercise price of $138.02 per share.
- Also on November 6, 2025, Teng disposed of 5,800 shares of common stock through a sale at a price of $324.94 per share.
- All reported transactions were conducted pursuant to a Rule 10b5-1 Trading Plan adopted on March 7, 2025.
- Following these transactions, Teng directly beneficially owns 123,381 shares of common stock.
- Remaining derivative holdings include 3,000 non-qualified stock options with an exercise price of $78.76 and an expiration date of February 14, 2027.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine insider transaction executed under a pre-arranged 10b5-1 plan, which is a common practice for executive compensation and personal financial management. It does not reflect new information about the company's operational performance or strategic direction.
Positives
- The transactions were executed under a pre-arranged Rule 10b5-1 Trading Plan, indicating planned personal financial management rather than a reaction to new company developments.
Negatives
- The net effect of the transactions was a reduction in the reporting person's direct beneficial ownership of common stock by 3,400 shares (5,800 sold 2,000 acquired 400 acquired).
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This Form 4 filing details an individual executive's stock transactions and does not provide information related to broader industry trends or competitive landscape for Cadence Design Systems Inc.
Stakeholder Impact
- Shareholders: Minimal impact as these are routine, pre-planned insider transactions that do not signal new information about the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 2020-03-14 | Start date for vesting of 2,000 non-qualified stock options (1/48th per month). |
| 2021-03-25 | Start date for vesting of 400 non-qualified stock options (1/48th per month). |
| 2025-03-07 | Date Rule 10b5-1 Trading Plan was adopted by the Reporting Person. |
| 2025-11-06 | Date of all reported stock option exercises and common stock disposition. |
| 2025-11-07 | Signature date of the Form 4 filing. |
| 2027-02-14 | Expiration date for 3,000 remaining non-qualified stock options. |
| 2028-02-25 | Expiration date for 400 non-qualified stock options that were fully exercised. |
Keywords
Cadence Design Systems, CDNS, Insider Trading, Form 4, Stock Options, Rule 10b5-1, Executive Stock Sale
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