Brennan Ita M 4

What Happened

• Brennan Ita, a director of Cadence Design Systems (CDNS), was granted 714 shares as a restricted stock award on May 7, 2026. The award was issued at $0.00 per share (no cash paid), total reported value $0. This transaction is reported under grant/award (code A) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-07; Filing date: 2026-05-11 (Form 4 filed within the required two business days).
• Price paid: $0.00 per share; total reported value $0.
• Shares granted: 714 restricted shares.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: The restricted stock 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.
• Transaction code: A (award/grant).

Context

• This is a compensation-related grant to a director, common for board compensation; such awards are routine and do not necessarily signal the insider’s view of the stock. The award vests on a short schedule (within about one year or at the next annual meeting), so shares may become freely tradable after vesting.