Cadence (CDNS) SVP Paul Scannell Sells 280 Shares

What Happened

• Paul Scannell, Senior Vice President at Cadence Design Systems (CDNS), sold 280 shares in an open-market transaction on August 26, 2026.
• The shares were sold at $339.00 per share for a total transaction value of $94,920. This was a sale (not a purchase), and such sales are often routine.

Key Details

• Transaction date and price: 2026-08-26 — 280 shares sold at $339.00 each.
• Total proceeds: $94,920.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnote: The sale was made pursuant to a Rule 10b5-1 trading plan adopted by Scannell on 2025-09-09 (prearranged trading plan).
• Filing timeliness: Report filed 2026-08-27 (next-day filing), indicating a timely Form 4 submission.

Context

• A 10b5-1 plan lets insiders execute pre-scheduled trades regardless of subsequent material nonpublic information; sales under such plans are generally viewed as pre-planned and not necessarily a directional signal.
• For retail investors, a single small sale like this ($94.9k) by a non-10% insider is routine; monitor for larger or repeated patterns of insider buying or selling for stronger signals.