Adams Mark 4

What Happened

• Mark Adams, a director of Cadence Design Systems (CDNS), had three Form 4 transactions reported for May 7, 2026: a restricted stock award of 714 shares (code A) acquired at $0, and a gift transfer of 779 shares (code G) disposed by Adams and acquired by the Adams Family Trust (also recorded as a gift at $0). All transactions show $0 per share (award/gift), so no cash changed hands in an open-market trade.

Key Details

• Transaction date: May 7, 2026; Form 4 filed May 11, 2026 (accession 0000813672-26-000065). The excerpt does not state any late-filing flag.
• Prices/values: All entries recorded at $0.00 per share (award/gift); total reported cash value $0.
• Shares after transaction: Not specified in the provided excerpt.
• Footnotes:
  • F1: Shares transferred to the Adams Family Trust dated 10/27/2000.
  • F2: Shares held by the Adams Family Trust dated 10/27/2000.
  • F3: The restricted stock award fully vests on the earlier of (i) the first anniversary of the grant date and (ii) the date of the next annual meeting of stockholders after the grant.
• Transaction codes involved: A = award/grant (restricted stock award); G = gift (transfer to related trust).

Context

• Gifts and transfers to a family trust are typically estate-planning or personal moves and are not a direct buy/sell signal about the insider’s market view. The restricted stock award will vest per the schedule in F3; because it was granted at $0, this is a compensation/benefit event rather than an open-market purchase.