WALL JOHN M 4

What Happened
John M. Wall, Senior Vice President and Chief Financial Officer of Cadence Design Systems (CDNS), sold 21,500 shares in an open-market transaction on April 16, 2026. The shares were sold at $309.45 each for a total proceeds of $6,653,175. This was a sale (not a purchase), which is commonly routine insider liquidity rather than a direct buy signal.

Key Details

• Transaction date and price: 2026-04-16 — 21,500 shares sold at $309.45 per share (total $6,653,175).
• Transaction type: Open-market sale (Form 4 code "S").
• Post-transaction holdings: Not specified in the provided filing excerpt.
• Footnote: Transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 2025-05-06.
• Filing date/timeliness: Form filed 2026-04-20 for a 2026-04-16 trade; this filing date aligns with the Form 4 two-business-day reporting requirement for that trade date.

Context
Because the sale was made under a pre-established 10b5-1 plan, it was likely prearranged and may reflect scheduled diversification or liquidity needs rather than a contemporaneous view on Cadence’s near-term prospects. Sales are common among executives for tax and personal planning; purchases generally carry stronger signals about insider conviction.