Scannell Paul 4/A

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 2026-05-15, 75 shares were withheld to satisfy tax obligations from a restricted stock vesting (75 shares @ $347.24 = $26,043). On 2026-05-18, he sold 1,071 shares in an open‑market sale (1,071 shares @ $345.06 = $369,559). Total proceeds across both actions were about $395,602. These were sales (routine dispositions), not purchases.

Key Details

• Transactions: 75 shares withheld for taxes (F) on 2026-05-15 @ $347.24; 1,071 shares sold open market (S) on 2026-05-18 @ $345.06.
• Reported values: $26,043 (tax withholding) and $369,559 (open‑market sale); combined ≈ $395,602.
• 10b5‑1 plan: The 1,071‑share sale was effected pursuant to a Rule 10b5‑1 trading plan adopted by the reporting person on 2025-09-09 (Footnote F3).
• Tax withholding: 75 shares were withheld to satisfy tax obligations from vesting of a Restricted Stock Award (Footnote F2).
• Filing status: This is an amended Form 4 and was filed late due to an inadvertent administrative oversight per the filer (Footnote F1). Transaction timeliness: L (late).
• Shares owned after the transactions: Not specified in the provided excerpt.

Context
Withholdings to cover tax on vesting are administrative and common; the larger open‑market sale was executed under a pre‑existing 10b5‑1 plan, which typically schedules trades in advance. Sales by insiders can be routine and do not by themselves indicate company outlook; this filing is informational and was amended/late for administrative reasons.