Scannell Paul 4

What Happened
Paul Scannell, Senior Vice President at Cadence Design Systems (CDNS), disposed of a total of 1,146 shares in mid‑May 2026. On May 18, 2026 he sold 1,071 shares in an open‑market transaction for about $369,559 (avg price $345.06). Separately, 75 shares were withheld on May 15, 2026 to satisfy tax obligations arising from the vesting of a Restricted Stock Award, valued at $26,043 (avg price $347.24).

Key Details

• Transaction dates and prices:
  • 2026-05-15: 75 shares withheld for taxes at $347.24 each (code F) — $26,043.
  • 2026-05-18: 1,071 shares sold open market at $345.06 each (code S) — $369,559.
• Footnotes:
  • F1: Shares withheld to satisfy tax obligations from RSU vesting.
  • F2: The May 18 sale was effected under a Rule 10b5-1 trading plan adopted by the reporting person on 2025-09-09.
• Shares owned after the transactions: not disclosed in the provided filing excerpt.
• Filing: Form 4 filed 2026-05-20 reporting the May 15 and May 18 transactions (no late‑filing flag shown in the provided data).

Context
The 75‑share action is a tax withholding related to an equity award (routine when RSUs vest), not an additional market sale. The 1,071‑share disposition was an open‑market sale executed under a prearranged 10b5‑1 plan (common for insiders to avoid questions about timing). Sales are often routine and do not necessarily signal negative sentiment; factual reporting is limited to the transactions and amounts disclosed.