Cadence (CDNS) SVP Teng Chin‑Chi Withholds 1,181 Shares for Taxes

What Happened
Teng Chin‑Chi, Senior Vice President at Cadence Design Systems (CDNS), had 1,181 shares withheld on September 17, 2026 to satisfy tax obligations arising from the vesting of restricted stock units (RSUs). The withholding was recorded at $280.76 per share, totaling approximately $331,578. This was a tax-withholding disposition (code F) tied to RSU vesting — not an open-market sale or purchase.

Key Details

• Transaction date: 2026-09-17; price per share: $280.76; total value of withheld shares: ~$331,578.
• Transaction type: F (shares withheld to satisfy tax liability on RSU vesting). Footnote F1 confirms withholding to cover tax obligations from RSU vesting.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing date: 2026-09-21 (filed 4 days after the transaction); the typical Form 4 deadline is within 2 business days of the transaction.

Context
Withholding shares to cover taxes on vested RSUs is a routine, administrative action and does not necessarily indicate the insider’s view on the company’s prospects. This was effectively a cashless tax withholding at vesting rather than a discretionary sale in the open market.