Cadence Design Systems SVP Paul Cunningham Sells $648K in Shares Under 10b5-1 Plan

Transaction Overview

On October 15, 2026, Paul Cunningham, Senior Vice President of Cadence Design Systems Inc ($CDNS), executed transactions involving common stock under a pre-arranged Rule 10b5-1 trading plan adopted on March 16, 2026.

• Option Exercise: Exercised non-qualified stock options to acquire 1,000 shares of common stock at an exercise price of $138.02 per share.
• Open Market Sale: Sold 2,000 shares of common stock at a weighted average price of $324.13 per share, yielding total gross proceeds of approximately $648,260.00.
• Post-Transaction Holdings: Direct beneficial ownership stands at 119,612 shares, with 5,328 derivative options remaining under the exercised tranche.

Significance & Market Impact

The trading significance is assessed as Low for several key reasons:

1. Rule 10b5-1 Plan: The disposition was scheduled in advance via a Rule 10b5-1 plan adopted seven months prior, mitigating concerns of opportunistic insider timing.
2. Holding Size: The 2,000 shares sold represent less than 2% of the insider's total beneficial holdings, showing continued substantial alignment with shareholder value.
3. Routine Liquidity: The sale pairs with routine option exercise activity as part of executive compensation monetization.