TENG CHIN-CHI 4
4 · CADENCE DESIGN SYSTEMS INC · Filed Jun 24, 2026
Research Summary
AI-generated summary of this filing
Cadence SVP Teng Chin-Chi Exercises Options, Sells Shares
What Happened
Teng Chin‑Chi, Senior Vice President at Cadence Design Systems (CDNS), exercised 1,000 shares of derivative awards on 2026-06-22 at $202.94 per share (cost ≈ $202,940) and sold a total of 4,500 shares in multiple open-market transactions the same day, producing aggregate proceeds of approximately $1,731,970. The filing also shows a 1,000-share derivative disposition at $0 (reported as a derivative disposition), which typically reflects shares withheld or surrendered in connection with an option exercise/settlement.
Key Details
- Transaction date: 2026-06-22 (Form 4 filed 2026-06-24). Filing appears timely.
- Exercise: 1,000 shares acquired at $202.94 each (≈ $202,940).
- Sales: 11 sell blocks totaling 4,500 shares; block prices reported as weighted averages for trades executed across price ranges roughly $378.54 to $391.37. Total sale proceeds ≈ $1,731,970.
- Additional derivative line: 1,000 shares reported disposed at $0 (derivative) in the same report.
- Footnotes: Transactions were effected under a Rule 10b5-1 trading plan adopted 2/20/2026. Multiple weighted‑average price footnotes disclose that sales occurred in many separate trades at prices within the listed ranges. Option vesting noted at 1/48th per month (per footnote).
- Shares owned after transaction: not specified in the information provided here (check the full Form 4 for post-transaction holdings).
Context
- This is an exercise-plus-sale activity often used to cover exercise costs, tax withholding, or for liquidity. The presence of a 10b5-1 plan indicates the sales were pre‑arranged under an automated trading plan. These kinds of routine insider sales do not, by themselves, indicate management sentiment; purchases are generally considered more informative about bullish outlooks.
Insider Transaction Report
Form 4
TENG CHIN-CHI
Sr. Vice President
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-06-22$202.94/sh+1,000$202,940→ 149,781 total - Sale
Common Stock
[F1][F2]2026-06-22$379.18/sh−200$75,837→ 149,581 total - Sale
Common Stock
[F1][F3]2026-06-22$379.92/sh−280$106,376→ 149,301 total - Sale
Common Stock
[F1][F4]2026-06-22$381.28/sh−400$152,512→ 148,901 total - Sale
Common Stock
[F1][F5]2026-06-22$382.35/sh−998$381,590→ 147,903 total - Sale
Common Stock
[F1][F6]2026-06-22$383.36/sh−160$61,338→ 147,743 total - Sale
Common Stock
[F1][F7]2026-06-22$384.39/sh−241$92,639→ 147,502 total - Sale
Common Stock
[F1][F8]2026-06-22$385.85/sh−240$92,603→ 147,262 total - Sale
Common Stock
[F1][F9]2026-06-22$387.43/sh−1,281$496,295→ 145,981 total - Sale
Common Stock
[F1][F10]2026-06-22$388.88/sh−220$85,553→ 145,761 total - Sale
Common Stock
[F1][F11]2026-06-22$389.63/sh−320$124,680→ 145,441 total - Sale
Common Stock
[F1][F12]2026-06-22$390.92/sh−160$62,547→ 145,281 total - Exercise/Conversion
Non- Qualified Stock Option (right to buy
[F13]2026-06-22−1,000→ 10,668 totalExercise: $202.94Exp: 2030-03-15→ Common Stock (1,000 underlying)
Footnotes (13)
- [F1]The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 2/20/2026 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 $388.39 to $389.05, 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 $389.42 to $390.11, 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 $390.48 to $391.37, 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]Option vests at a rate of 1/48th per month.
- [F2]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $378.54 to $379.41, 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 $379.56 to $380.44, 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 $380.91 to $381.88, 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 $381.96 to $382.91, 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 $383.08 to $383.76, 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 $384.22 to $385.03, 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 $385.57 to $386.37, 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 $387.28 to $388.11, 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 Chin-Chi Teng|2026-06-24