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.