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CDNS CADENCE DESIGN SYSTEMS INC Insider Trading

Latest: President and CEO Sold $30.8M of Shares · Jun 2026

Multiple insiders have been active at CADENCE DESIGN SYSTEMS INC (CDNS): 6 distinct insiders account for 1 buy filing and 34 sell filings as of Jul 2026. Its highest-significance filing in the last 90 days: President and CEO Anirudh Devgan sold $30.8M, transaction dated Jun 2026.

35 filings analyzed · Latest 2026-07-17

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Buys
1
Sells
34
Insiders
6
Direction
Net selling

CADENCE DESIGN SYSTEMS INC leadership

CEO
Anirudh Devgan — CHIEF EXECUTIVE OFFICER
CFO
John M. Wall — CHIEF FINANCIAL OFFICER
General Counsel
Marc Taxay — Senior Vice President, General Counsel and Corporate Secretary
Chair
Ml Krakauer — Board Chair

Historically, stocks have lagged the S&P 500 by a median ~3% over the 90 days after a low insider sell (n ≈ 1,162, 2024-2026). Past results don't predict the future. How we measure this ↗

July 2026
2026-07-17 10b5-1 Plan
low
Sr. Vice President
2,000 shares
$766,720
@ $383.36
Significance 3

SVP Paul Cunningham sold 2,000 CDNS shares at $383.36 via pre-arranged 10b5-1 plan; stock down 20.8% from 52-week high.

Paul Cunningham, Sr. Vice President at Cadence Design Systems, sold 2,000 shares (totaling $766,720.00) on 2026-07-15 at $383.36 per share under a pre-arranged 10b5-1 trading plan, reducing his non-derivative holdings from 127.6K to 125.6K shares. The transaction is scheduled rather than discretionary, so it does not reflect timing-based decision-making. The stock has declined 20.8% from its 52-week high of $416.69 and is down 15.3% over the past 30 days, though it is up 6.1% over 90 days. His prior sale at CDNS on 2026-06-15 showed a -5.0% 30-day return, and his broader insider trading track record (1 prior sell across all tickers) averaged -5.0% 30-day returns. Cunningham retains 8,328 non-qualified stock options, maintaining an equity interest in the company.

June 2026
2026-06-24 10b5-1 Plan
low
Sr. Vice President
4,500 shares
$1,731,970
@ $384.88
Significance 4

Sr. VP Chin-Chi Teng sells 4,500 shares for $1.7M under 10b5-1 plan at CDNS; retains 145.3K shares

Chin-Chi Teng executed 11 separate sales totaling 4,500 shares for $1,731,970.00 on 2026-06-22 under a pre-arranged 10b5-1 trading plan, reducing his non-derivative holdings from 149,781 shares to 145,281 shares. The blended average price was $384.88, and the current price stands at $372.40, placing the stock -10.6% from the 52-week high of $416.69. As a scheduled transaction, this sale does not reflect discretionary timing decisions. Teng retains 145,281 non-derivative shares plus 10,668 shares in non-qualified stock options, maintaining a material position in the company.

2026-06-17 10b5-1 Plan
low
Sr. Vice President
2,000 shares
$782,000
@ $391.00
Significance 3

SVP Paul Cunningham sold 2,000 CDNS shares at $391.00 under 10b5-1 plan; retains 126,586 non-derivative shares plus 9,328 options.

Paul Cunningham executed a 2,000-share sale of CDNS at $391.00 on 2026-06-15 as part of a pre-arranged 10b5-1 trading plan, reducing his non-derivative holdings by 1.6% to 126,586 shares while maintaining an additional 9,328 non-qualified stock options. This is a scheduled transaction, not a discretionary trade, so it reflects an established plan rather than a real-time response to market conditions. The $782,000.00 sale occurred when the stock was at -6.5% from its 52-week high of $416.69, and Cunningham retains a substantial non-derivative position plus option holdings, indicating no change in his underlying stake in the company. CDNS continues to post solid fundamentals with $1.5B quarterly revenue, +14.1% annual growth, and net income of $335.7M, though the elevated P/E of 91.67 reflects high valuation expectations in the market.

2026-06-03 10b5-1 Plan
medium
President and CEO
76,827 shares
$30,846,765
@ $401.51
Significance 5

CDNS CEO Devgan sold 76,827 shares for $30.8M under 10b5-1 plan (June 1-2)

Anirudh Devgan, President and CEO of Cadence Design Systems, executed 2 sales totaling 76,827 shares (76.8K shares) for $30,846,765.00 ($30.8M) via a pre-arranged 10b5-1 trading plan on June 1-2, 2026, at prices ranging from $395.00 to $415.00 (blended average: $401.51). This represents a -23.3% reduction in his non-derivative holdings, leaving 253,519 shares (253.5K shares) post-transaction. Since these sales are part of a scheduled 10b5-1 plan rather than discretionary trades, they do not reflect real-time market timing decisions. His prior trades at CDNS have shown mixed performance: his most recent sale on 2026-05-22 was followed by +12.5% gains over 30 and 90 days, though earlier 2025 sales (November and December) were followed by negative 90-day returns ranging from -11.8% to -19.1%. The current stock price of $408.00 is -2.1% from the 52-week high and +16.7% over the past 30 days; Cadence's latest financials show $1,474,220,000.00 ($1.5B) in quarterly revenue with +14.1% annual growth, though a 96.00 P/E multiple reflects elevated valuation.

2026-06-03 10b5-1 Plan
low
Sr. Vice President
7,081 shares
$2,789,277
@ $393.91
Significance 4

CDNS Sr. VP Paul Scannell sells 7,081 shares at $393.91 via scheduled 10b5-1 plan; retains 32,181 shares plus 7,082 option rights

Paul Scannell, Sr. Vice President of Cadence Design Systems, sold 7,081 shares on 2026-06-01 at $393.91 per share under a pre-arranged 10b5-1 trading plan, representing an 18.0% reduction of his non-derivative holdings from 39,262 to 32,181 shares. This sale occurred when CDNS stock has risen 36.1% over the prior 90 days and 16.7% over 30 days, well into its 52-week range. Critically, the transaction is scheduled rather than discretionary, so price action at execution time does not reflect timing judgment. Scannell retains meaningful equity exposure through both his remaining 32,181 common shares and 7,082 non-qualified stock option rights, indicating his substantial continuing stake in the company. His prior sales at CDNS show mixed outcomes—the most recent sale on 2026-05-01 was followed by 22.8% gains over 90 days, while several earlier 2025 sales preceded modest declines—a pattern insufficient to suggest conviction or concern about current fundamentals given the automated nature of this trade.

May 2026
2026-05-27 10b5-1 Plan
low
Sr. Vice President
4,500 shares
$1,662,087
@ $369.35
Significance 4

Sr. VP Chin-Chi Teng sells 4,500 shares at CDNS via 10b5-1 plan for $1,662,087.21; retains 148,781 shares plus 11,668 options

Chin-Chi Teng executed 12 separate sales totaling 4,500 shares for $1,662,087.21 under a pre-arranged 10b5-1 trading plan, a scheduled and non-discretionary transaction. His non-derivative holdings fall from 153,281 to 148,781 shares (-2.9%), while he retains 11,668 non-qualified stock options. At his prior sales at CDNS, 30-day returns averaged mixed results (ranging from -10.8% to +3.9%), and 90-day returns were consistently negative (ranging from -16.5% to -9.0%), providing a mixed historical context for timing at this ticker specifically. The stock is currently at $374.05, near its 52-week high of $383.24, and has gained +11.2% over 30 days and +25.7% over 90 days, reflecting strong recent momentum in the underlying shares.

2026-05-27 10b5-1 Plan
medium
President and CEO
51,887 shares
$19,198,190
@ $370.00
Significance 5

Anirudh Devgan sold 51,887 CDNS shares at $370.00 under 10b5-1 plan; retains 303,525 shares plus 26,821 options.

Anirudh Devgan (President and CEO) sold 51,887 shares on 2026-05-22 at $370.00, reducing non-derivative holdings by 14.6% to 303,525 shares (total value: $19,198,190.00). This transaction is part of a pre-arranged 10b5-1 trading plan, meaning it was scheduled rather than discretionary. The insider retains 303,525 non-derivative shares and 26,821 additional shares via non-qualified stock options, indicating he maintains material ownership. CDNS has posted strong recent fundamentals: latest-quarter revenue of $1,474,220,000.00, net income of $335,660,000.00, and annual revenue growth of +14.1%, though the stock's elevated P/E of 88.01 reflects market expectations. Over 30 days post-transaction, the stock has advanced 11.2%; over 90 days, it has advanced 25.7%; against this backdrop, his prior same-ticker sales at CDNS have consistently posted negative 90-day returns (ranging from -8.7% to -19.1%), suggesting limited predictive value from historical timing patterns at this specific ticker.

2026-05-07 10b5-1 Plan
medium
Sr. VP & CFO
5,000 shares
$1,743,564
@ $348.71
Significance 5

CDNS CFO John M Wall sells 5,000 shares for $1.74M as stock rallies from recent lows

John M Wall, the company's Senior VP and CFO, executed a substantial five-tranche sale totaling 5,000 shares on a single trading day, disposing of less than 3% of his holdings. The stock had recently surged significantly from its lows and continues trading near its cycle highs, providing favorable pricing for his exit. Wall has a mixed track record with prior sales in this stock: his most recent sale in April saw the stock rise afterward (poorly timed), while his December sales occurred before the stock subsequently declined (well-timed exits). The company itself remains solidly profitable with growing revenue, suggesting the sale is not driven by fundamental deterioration. What stands out is the timing: while the stock has recovered sharply from depressed levels, Wall is selling into strength rather than buying the dip—a pattern consistent with his history of consistent selling in this name over the past six months. The scale and single-day execution suggest deliberate capital allocation rather than a forced transaction, but the sequence of sales without corresponding buys raises questions about whether the CFO retains conviction in Cadence's near-term prospects.

2026-05-05 10b5-1 Plan
medium
Sr. Vice President
10,500 shares
$3,559,500
@ $339.00
Significance 5

Sr. VP Scannell sells 10,500 shares at $339 as stock climbs off lows; fifth consecutive open-market sale with mixed timing record.

Scannell Paul, Sr. Vice President at Cadence Design Systems, sold a meaningful block of shares representing roughly a quarter of his holdings, bringing his post-transaction stake to approximately 33,327 shares. The sale occurred as the stock traded well below its 52-week high despite a strong rally in the prior three months, signaling the executive was willing to trim exposure even amid positive price momentum. His track record at this stock shows a pattern worth noting: at the 30-day horizon, all four of his prior sales were followed by near-term declines, suggesting he has timed exits well in the short term; however, over a 90-day window, three of those four prior sales proved well-timed while one saw the stock recover, indicating his longer-term timing has been mixed. This is now his fifth consecutive open-market sale in three years, with no open-market purchases during that span—a consistent pattern of trimming rather than adding to his stake. The company itself remains fundamentally solid, growing revenue at double-digit rates and maintaining profitability, which makes this a measured reduction from a profitable company rather than a flight to safety.

April 2026
2026-04-20 10b5-1 Plan
low
Sr. VP & CFO
21,500 shares
$6,653,175
@ $309.45
Significance 3

CDNS CFO John M Wall sells 21,500 shares at $309.45 via pre-arranged 10b5-1 plan; retains 86,875 shares

Sr. VP & CFO John M Wall executed a sale of 21,500 shares at $309.45 on 2026-04-16 totaling $6,653,175.00, reducing his holdings from 108,375 shares to 86,875 shares (a -19.8% reduction in stake). The transaction is part of a pre-arranged 10b5-1 trading plan, meaning it was scheduled and not discretionary. Because the sale operates under a structured trading plan, it reflects administrative portfolio management rather than a response to current market conditions or company prospects. The executive retains significant direct ownership at 86,875 shares post-sale, indicating substantial ongoing alignment with shareholder interests.

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