PLUMMER JAMES D 4

What Happened
James D. Plummer, a director of Cadence Design Systems (CDNS), was granted 714 restricted shares (reported as an award) and on the same day transferred 779 shares to the Plummer Family Trust (reported as a gift). Both the award and the gift were reported at $0.00 per share, so the reported transaction value is $0.

Key Details

• Transaction date: May 7, 2026 (Form 4 filed May 11, 2026).
• Award: 714 shares granted (Code A) at $0.00. Footnote F3: these restricted shares vest on the earlier of the first anniversary of the grant or the next annual meeting of stockholders.
• Gift/Transfer: 779 shares transferred from Plummer to the Plummer Family Trust (Codes G; one line shows disposed by the reporting person, another shows acquired by the trust). Footnotes: F1 = transferred from the reporting person; F2 = shares are held by the Plummer Family Trust.
• Amount owned following the transactions: not specified in the provided filing excerpt.
• No indication in the provided data of a 10b5-1 plan, tax withholding, or that the filing was late.

Context

• The 714-share award is a compensation-related restricted stock grant (not a market purchase) and will vest per the schedule in F3.
• The 779-share transfer is a gift to a family trust; gifts and intra-family transfers are typically administrative and do not necessarily indicate the insider’s view on the stock’s near-term prospects.
• These transactions are not purchases or open-market sales by the insider, so they provide limited information about personal bullish/bearish trading intent.