SOHN YOUNG 4

What Happened
Sohn Young, a director of Cadence Design Systems (CDNS), was granted 714 restricted shares on May 7, 2026. The Form 4 reports the acquisition as 714 shares at $0.00 (a restricted stock award), so no purchase price was paid on the filing. This is a compensation grant rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-07; Filing date: 2026-05-11 (timely under Section 16 two-business-day rule).
• Transaction type/code: Award/Grant (A).
• Shares acquired: 714 restricted shares at $0.00 (reported value $0 on Form 4).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Award fully vests on the earlier of (i) the first anniversary of the grant date or (ii) the date of the next annual meeting of stockholders.
• No indication in the excerpt of a 10b5‑1 plan, tax withholding, or a cashless sale.

Context
Restricted stock awards to directors are common as part of compensation and vest over time; they are not the same signal as an open‑market purchase or sale. Because this was a grant (not a sale), it reflects standard compensation practice rather than an immediate trading view of company stock.