Taxay Marc 4

What Happened

• Marc Taxay, SVP & General Counsel of Cadence Design Systems (CDNS), had shares withheld to satisfy tax obligations arising from the vesting of equity awards. Two withholding dispositions occurred on May 15, 2026: 1,384 shares and 1,415 shares, each at $347.24, representing cash value of $480,580 and $491,345 respectively (combined ≈ $971,925). This is a tax-withholding disposition tied to vesting—not an open-market sale motivated by a trade decision.

Key Details

• Transaction dates and prices: May 15, 2026 — 1,384 shares @ $347.24 and 1,415 shares @ $347.24.
• Total shares withheld: 2,799; total value ≈ $971,925.
• Transaction code: F — shares withheld to satisfy tax withholding on vesting.
• Footnotes: F1 = withheld for Performance Stock Award taxes; F2 = withheld for Restricted Stock Award taxes.
• Shares owned after the transaction: not specified in the provided summary — see the full Form 4 for post-transaction holdings.
• Filing: Form 4 filed May 19, 2026 (covers May 15 transaction); filing date matches the Form 4 submission on May 19, 2026.

Context

• This was a tax-withholding (cashless) disposition following vesting of equity awards, a routine administrative step that reduces the number of shares issued to the insider to cover taxes. Such withholdings are common and do not necessarily indicate a personal decision to sell shares on the open market. For full details (post-transaction holdings and exact award terms), consult the filed Form 4 (Accession No. 0000813672-26-000068).