Cadence (CDNS) SVP Teng Chin‑Chi Sells Shares and Exercises Options

What Happened

• Teng Chin‑Chi, Senior Vice President at Cadence Design Systems (CDNS), executed a combination of option exercises and an open‑market sale on 2026‑08‑21. He exercised 1,000 options at a strike of $202.94 (cost $202,940) and sold 4,732 shares in the open market at $314.49 each for proceeds of $1,488,167. The filing also reports a separate derivative line of 1,000 shares listed as disposed with $0 consideration.

Key Details

• Transaction date: 2026-08-21; Form 4 filed: 2026-08-25 (timely).
• Sales: 4,732 shares sold at $314.49 — total proceeds $1,488,167 (code S).
• Option exercise: 1,000 shares exercised at $202.94 — total exercise cost $202,940 (code M).
• Additional derivative entry: 1,000 shares reported as disposed at $0.00 (code M); the Form 4 does not explain the $0 consideration (could reflect internal settlement/netting or other mechanics, but not specified).
• Reported under a Rule 10b5‑1 trading plan adopted 2026‑02‑20 (footnote F1).
• Vesting detail on options: vests at 1/48th per month (footnote F2).
• Shares owned after the transactions: not provided in the supplied transaction summary.

Context

• The sale was executed under a pre‑arranged 10b5‑1 plan, which is a common mechanism for insiders to sell shares on a set schedule and is generally considered routine rather than a direct real‑time signal of sentiment. The same‑day exercise of options plus an open‑market sale can reflect routine option exercise and partial liquidation, but the filing itself is purely factual and does not state motivation.