SOHN YOUNG 4

What Happened

Sohn Young, a director of Cadence Design Systems (CDNS), reported gifting 72 shares of Cadence common stock on May 6, 2026. The shares are listed at $354.90 each, for a notional value of $25,553. The transaction is coded as a gift (G) and is recorded as a disposition — not an open-market sale.

Key Details

• Transaction date and price: 2026-05-06, 72 shares at $354.90 per share.
• Total value disclosed: $25,553 (notional for the gifted shares).
• Transaction type: Gift (SEC code G); footnote F1 states the shares were transferred as a charitable gift.
• Filing date: 2026-05-08 (filed within the typical two-business-day Form 4 window).
• Shares owned after the transaction: Not specified in the provided filing details.
• No indication of a 10% owner, 10b5-1 plan, tax-withholding sale, or option exercise in this filing.

Context

Gifts by insiders are disposals but do not necessarily reflect the insider’s view of the company’s prospects; they often relate to personal or charitable planning. Because this was a charitable transfer (not an open-market sale), it’s typically less informative about market sentiment than purchases by insiders.