Cadence Design Systems Officer Surrenders Shares for Tax Withholding

Executive Summary

On September 17, 2026, Cadence Design Systems, Inc. ($CDNS) filed a Form 4 detailing an equity disposition by Chin-Chi Teng, Senior Vice President. The transaction took place on September 15, 2026, involving the withholding of 793 shares of Common Stock at $273.96 per share to cover tax obligations from vesting performance stock awards.

Transaction Breakdown

• Insider: Chin-Chi Teng, Sr. Vice President
• Date of Transaction: September 15, 2026
• Shares Disposed: 793 shares
• Price per Share: $273.96
• Transaction Value: $217,250.28
• Transaction Code: F (Payment of exercise price or tax liability by delivering or withholding securities)
• Post-Transaction Beneficial Ownership: 137,256 direct shares

Market and Sentiment Impact

This filing represents a standard, non-discretionary tax withholding event resulting from the vesting of performance-based equity compensation. It does not reflect an open-market sale or an active investment decision by the executive. With direct ownership remaining substantial at 137,256 shares, this transaction carries low informational value for market sentiment.