Brennan Ita M 4

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).