Cadence (CDNS) Director Alberto Sangiovanni-Vincentelli Sells Shares

What Happened

• Alberto Sangiovanni-Vincentelli, a director of Cadence Design Systems (CDNS), sold a total of 1,250 shares in multiple open-market transactions on August 25, 2026, generating about $401,094 in proceeds. The sales were reported on Form 4 filed August 27, 2026, and were effected pursuant to a Rule 10b5-1 trading plan adopted May 12, 2026. These were outright sales (not purchases), which are commonly routine or planned transactions.

Key Details

• Transaction date: 2026-08-25; Form 4 filed: 2026-08-27 (timely)
• Individual sales reported:
  • 280 shares @ $318.33 (proceeds $89,133) — weighted avg; prices ranged $317.695–$318.535
  • 240 shares @ $319.31 (proceeds $76,634)
  • 380 shares @ $321.16 (proceeds $122,042) — weighted avg; prices ranged $320.97–$321.185
  • 309 shares @ $323.54 (proceeds $99,974) — weighted avg; prices ranged $323.13–$323.97
  • 41 shares @ $324.66 (proceeds $13,311) — weighted avg; prices ranged $324.41–$324.93
• Total: 1,250 shares sold for approximately $401,094
• Shares owned after transaction: not specified in the information provided in this summary
• Notable footnotes: Transaction executed under a 10b5-1 plan (adopted 5/12/2026); several lines report weighted-average prices with specific intra-range breakdowns available on request to the issuer/SEC staff

Context

• This filing reports sales (code “S”), not purchases or option exercises, so it does not signal an increase in insider ownership. Because the trades were made under a pre-established 10b5-1 plan and the Form 4 was filed within the standard timeframe, these appear to be planned, routine dispositions rather than ad hoc trades.