Cunningham Paul 4

What Happened
Paul Cunningham, Senior Vice President at Cadence Design Systems (CDNS), sold 1,000 shares on February 2, 2026 at $295.09 per share, generating proceeds of $295,090. The filing reports the sale was effected under a Rule 10b5‑1 trading plan.

Key Details

• Transaction type: Sale (S), open-market transaction executed pursuant to a Rule 10b5‑1 plan (adopted 3/14/2025).
• Date & price: 2026-02-02 at $295.09 per share.
• Total proceeds: $295,090.
• Shares owned after transaction: Not specified in the provided filing; the filing notes beneficial ownership includes 70 shares acquired via the Employee Stock Purchase Plan on 2026-01-30.
• Filing timeliness: Form 4 filed 2026-02-04 for a 2026-02-02 transaction — appears timely (Form 4s are due within two business days).

Context
This was a sale under a pre-established 10b5‑1 plan, which typically schedules trades in advance and is often used to avoid questions about trading based on nonpublic information. The filing shows a routine open-market sale rather than an option exercise or gift; it is factual disclosure of insider activity and does not by itself indicate management sentiment.