TENG CHIN-CHI 4

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.