SANGIOVANNI VINCENTELLI ALBERTO 4

What Happened

• Sangiovanni Vincentelli Alberto, a director of Cadence Design Systems, was granted 714 restricted shares on 2026-05-07. The shares were issued at a $0 per-share acquisition price (total reported value $0) as an award rather than an open-market purchase or sale. This is a grant of restricted stock (award), not a sale — such awards are typically part of compensation or retention programs rather than an immediate market buy/sell signal.

Key Details

• Transaction date: 2026-05-07; Form 4 filed: 2026-05-11.
• Transaction type/code: A (award/grant); amount: 714 shares; price per share reported: $0.00; total reported value: $0.
• Vesting: Per the filing footnote, the restricted stock 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.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Timeliness: The Form 4 was filed four days after the reported grant date; Form 4s are normally required within two business days of the transaction (review the SEC filing for any stated reasons or exemptions).

Context

• This was a restricted stock award to a board director — awards are common for director compensation and retention and do not necessarily indicate the director is buying shares on the open market.
• Because the award vests over time (or by the next annual meeting), the recipient cannot freely sell the shares until vesting conditions are met.