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.