Brennan Ita M 4
4 · CADENCE DESIGN SYSTEMS INC · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Cadence (CDNS) Director Brennan Ita M Sells 180 Shares
What Happened
Brennan Ita M, a director of Cadence Design Systems (CDNS), sold a total of 180 shares in multiple open‑market transactions on June 10, 2026, generating approximately $69,740. Individual lots were sold at prices ranging roughly from $382.87 to $398.65 (reported as several weighted‑average prices across trades). The sales were effected under a Rule 10b5‑1 trading plan adopted on 11/24/2025, which typically indicates pre‑scheduled, routine disposition rather than trade timing based on inside information.
Key Details
- Transaction date: 2026-06-10; Form 4 filed: 2026-06-12 (two days after the trades).
- Total sold: 180 shares for about $69,740 (aggregate).
- Price info: multiple sales reported with weighted average prices and ranges (per footnotes) from about $382.87 up to $398.65; some line items use weighted‑average prices and list specific intra-range values in footnotes.
- Footnotes: F1 = trades executed under a 10b5‑1 plan (adopted 11/24/2025). F2–F13 = several weighted‑average price disclosures covering different lots; the filer offers to provide a full breakdown of prices on request.
- Shares owned after the transaction: not provided in the excerpt.
Context
This was a sale (not a purchase). Sales under an established 10b5‑1 plan are commonly routine disposals set in advance; they are not necessarily an indicator of the director’s view of the company’s outlook. Retail investors should note the small dollar size of this transaction relative to typical executive trades and consider insider activity along with other signals (filings, company fundamentals, and broader insider trends) before drawing conclusions.
Insider Transaction Report
Form 4
Brennan Ita M
Director
Transactions
- Sale
Common Stock
[F1][F2]2026-06-10$383.29/sh−21$8,049→ 8,163 total - Sale
Common Stock
[F1][F3]2026-06-10$384.69/sh−48$18,465→ 8,115 total - Sale
Common Stock
[F1][F4]2026-06-10$385.54/sh−23$8,867→ 8,092 total - Sale
Common Stock
[F1][F5]2026-06-10$386.57/sh−30$11,597→ 8,062 total - Sale
Common Stock
[F1][F6]2026-06-10$387.47/sh−13$5,037→ 8,049 total - Sale
Common Stock
[F1][F7]2026-06-10$388.63/sh−5$1,943→ 8,044 total - Sale
Common Stock
[F1][F8]2026-06-10$389.60/sh−3$1,169→ 8,041 total - Sale
Common Stock
[F1][F9]2026-06-10$391.26/sh−5$1,956→ 8,036 total - Sale
Common Stock
[F1][F10]2026-06-10$392.41/sh−4$1,570→ 8,032 total - Sale
Common Stock
[F1][F11]2026-06-10$394.86/sh−6$2,369→ 8,026 total - Sale
Common Stock
[F1][F12]2026-06-10$395.63/sh−11$4,352→ 8,015 total - Sale
Common Stock
[F1][F13]2026-06-10$396.67/sh−10$3,967→ 8,005 total - Sale
Common Stock
[F1]2026-06-10$398.65/sh−1$399→ 8,004 total
Footnotes (13)
- [F1]The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 11/24/2025 by the Reporting Person.
- [F10]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $391.98 to $392.71, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F11]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $394.23 to $395.22, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F12]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $395.27 to $396.14, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F13]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $396.27 to $397.18, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F2]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $382.87 to $383.75, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $384.01 to $384.95, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $385.08 to $385.99, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F5]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $386.10 to $387.09, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F6]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $387.11 to $387.95, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F7]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $388.17 to $389.12, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F8]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $389.32 to $390.16, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F9]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $390.74 to $391.47, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Signature
/s/ Ahalya Hildreth, Attorney-in-Fact for Ita M. Brennan|2026-06-12