Insider trade

CEO sold ~$19.2M of CDNS shares in the open market

Traded May 22, 2026 · Filed May 28, 2026

~$19.2M
Reported value · 52K sh @ $370.00: 304K
Holds after · shares reported: -6.1%
stock since the trade · S&P 500 +2.5%, $373.59 → $350.73 on Oct 1

Why it stands out

The boss of Cadence Design Systems sold $19.2M 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: May 22, 2026
Reporting period: Not applicable
Filed with the SEC: May 28, 2026

CEO$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$19,198,190

Shares × reported transaction price

Timing vs results

25 days after results of Apr 27, 2026, 66 days before results of Jul 27, 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 $373.59 on May 22, 2026, at its 52-week high, after a 41% rise over the previous 30 trading days

52-week range $265.66 (Apr 10, 2026) to $373.59 (May 22, 2026), 100% of the way up, from 251 adjusted closes. 30 trading days earlier: $265.66 on Apr 10, 2026. 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	+10.1%	+0.3%	+9.8%
30 days	-0.3%	-1.8%	+1.5%
90 days	-10.5%	+1.5%	-12.0%

Past results only. Not a forecast.

Source receipt

Record ID: 0000813672-26-000071
Filed / recorded: May 28, 2026, 2:08 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: May 22, 2026
Transaction code: S
Shares / units: 51,887
Price per share: $370.00
Acquired / disposed: Disposed (D)
Shares owned after: 303,525
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.