Brennan Ita M 4
4 · CADENCE DESIGN SYSTEMS INC · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Cadence (CDNS) Director Ita M. Brennan Sells 180 Shares
What Happened Ita M. Brennan, a director of Cadence Design Systems (CDNS), sold a total of 180 shares in open-market transactions on March 17, 2026 for aggregate proceeds of approximately $53,105. The sales were executed in multiple lots at weighted-average prices reported per lot, ranging from about $293.53 to $300.29. The transactions were effected under a Rule 10b5-1 trading plan adopted by the reporting person on November 24, 2025, indicating prearranged sales rather than ad hoc trades.
Key Details
- Transaction date: March 17, 2026; Form 4 filed March 18, 2026 (appears timely).
- Lots sold (shares @ weighted-average price / approx. proceeds):
- 73 @ $293.53 = $21,428 (prices ranged $293.51–$294.47)
- 55 @ $295.11 = $16,231 (prices ranged $294.57–$295.56)
- 29 @ $296.07 = $8,586 (prices ranged $295.57–$296.56)
- 6 @ $297.03 = $1,782 (prices ranged $296.57–$297.41)
- 10 @ $298.13 = $2,981 (prices ranged $297.61–$298.54)
- 4 @ $299.04 = $1,196 (prices ranged $298.62–$299.53)
- 3 @ $300.29 = $901 (prices ranged $299.85–$300.56)
- Total: 180 shares sold for ~ $53,105 (overall weighted avg ≈ $295.03).
- Shares owned after transaction: not specified in the provided summary—see the full Form 4 for holdings.
- Notable footnotes: F1 confirms sales were made under a 10b5-1 plan (adopted 11/24/2025). Footnotes F2–F8 note that each reported price is a weighted average and provide the intra-lot price ranges; the filer can supply per-trade breakdowns on request.
Context
- Sales under a Rule 10b5-1 plan are typically pre-scheduled and common for insiders to diversify or meet liquidity needs; they do not necessarily indicate a change in view on the company.
- This is a routine insider sale (code S). No option exercises, gifts, or tax-withholding transactions are reported in the provided data.
- For full context (exact post-transaction holdings, whether other insider trades occurred, or per-share sale timing), consult the complete Form 4 filing (Accession No. 0000813672-26-000029).
Insider Transaction Report
Form 4
Brennan Ita M
Director
Transactions
- Sale
Common Stock
[F1][F2]2026-03-17$293.53/sh−73$21,428→ 7,577 total - Sale
Common Stock
[F1][F3]2026-03-17$295.11/sh−55$16,231→ 7,522 total - Sale
Common Stock
[F1][F4]2026-03-17$296.07/sh−29$8,586→ 7,493 total - Sale
Common Stock
[F1][F5]2026-03-17$297.03/sh−6$1,782→ 7,487 total - Sale
Common Stock
[F1][F6]2026-03-17$298.13/sh−10$2,981→ 7,477 total - Sale
Common Stock
[F1][F7]2026-03-17$299.04/sh−4$1,196→ 7,473 total - Sale
Common Stock
[F1][F8]2026-03-17$300.29/sh−3$901→ 7,470 total
Footnotes (8)
- [F1]The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 11/24/2025 by the Reporting Person.
- [F2]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $293.51 to $294.47, 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.
- [F3]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $294.57 to $295.56, 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.
- [F4]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $295.57 to $296.56, 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.
- [F5]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $296.57 to $297.41, 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.
- [F6]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $297.61 to $298.54, 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.
- [F7]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $298.62 to $299.53, 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.
- [F8]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $299.85 to $300.56, 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.
Signature
/s/ Ahalya Hildreth, Attorney-in-Fact for Ita M. Brennan|2026-03-18