Insider trade

CEO sold ~$475K of CDNS shares in the open market

Traded Nov 5, 2025 · Filed Nov 8, 2025

~$475K
Reported value · 1,442 sh @ $329.18: 197K
Holds after · shares reported: +7.9%
stock since the trade · S&P 500 +14.3%, $327.63 → $353.48 on Oct 5

Why it stands out

The boss of Cadence Design Systems sold $475K of Cadence Design Systems shares. It was planned long ago, so it says very little.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Nov 5, 2025
Reporting period: Not applicable
Filed with the SEC: Nov 8, 2025

CEO$100K–$500KPre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$474,679

Shares × reported transaction price

Timing vs results

9 days after results of Oct 27, 2025, 104 days before results of Feb 17, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $327.63 on Nov 5, 2025, 41% above its 52-week low and 12% below its high, after an 8% drop over the previous 30 trading days

52-week range $231.64 (Apr 8, 2025) to $373.37 (Sep 22, 2025), 68% of the way up, from 250 adjusted closes. 30 trading days earlier: $356.96 on Sep 24, 2025. Describes the past only, not a forecast

Planned / mechanical clue

Footnote references a pre-arranged trading plan (Rule 10b5-1)

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	−5.4%	−2.3%	−3.1%
30 days	+2.8%	+0.9%	+1.9%
90 days	−11.5%	+1.8%	−13.4%
180 days	+10.7%	+8.5%	+2.2%

Past results only. Not a forecast.

Source receipt

Record ID: 0000813672-25-000151
Filed / recorded: Nov 8, 2025, 3:31 AM UTC
Added to OQRO: Oct 2, 2026, 12:27 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: CADENCE DESIGN SYSTEMS INC
Issuer CIK: 813672
Ticker: CDNS
Reporting person: Anirudh Devgan
Relationship: Director, Officer
Officer title: President and CEO
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Nov 5, 2025
Transaction code: S
Shares / units: 1,442
Price per share: $329.18
Acquired / disposed: Disposed (D)
Shares owned after: 196,776
Ownership form: Direct
Amendment: No

Footnotes from the filing

The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 9/6/2024 and first amended on 8/6/2025 by the Reporting Person.
The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $328.74 to $329.64, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Around the same time

Officer sold ~$313K of Cadence Design Systems

Scheduled in advance10mo ago

159Shares · @ $311.29

11mo ago

Routine share withholding; mechanical by default.

More Official record

2,000Shares · @ $78.76

11mo ago

Derivative exercise or conversion — not an open-market buy.

More Official record