Scannell Paul 4

What Happened
Paul Scannell, Senior Vice President at Cadence Design Systems (CDNS), sold 10,500 shares in an open-market transaction on May 1, 2026. The shares were disposed at $339.00 each for a total proceeds of $3,559,500. The Form 4 reporting this sale was filed on May 5, 2026.

Key Details

• Transaction date and price: May 1, 2026 — 10,500 shares sold at $339.00 per share.
• Total value: $3,559,500.
• Transaction type/code: Sale (S) — open market or private sale as reported.
• Footnote: The sale was effected under a Rule 10b5-1 trading plan adopted by the reporting person on September 9, 2025 (per footnote F1).
• Shares owned after transaction: Not specified in the provided filing summary.
• Filing: Form 4 filed May 5, 2026 (reported period: May 1, 2026). Form 4s are typically due within two business days of the transaction; this filing appears to be timely based on the dates shown.

Context
Sales made under pre-established 10b5-1 plans are routine and generally executed according to a predetermined schedule or formula; they do not, by themselves, indicate a change in the insider’s view of the company. As with any insider sale, retail investors should consider this data point alongside other fundamentals and insider activity before drawing conclusions.