Cadence (NASDAQ: CDNS) insider files to sell 6,319 shares under Rule 144
Rhea-AI Filing Summary
Cadence Design Systems insider plans to sell 6,319 common shares under Rule 144. The shares are to be sold through Morgan Stanley Smith Barney LLC on or after 01/08/2026 on the NASDAQ market, with an aggregate market value of $2,009,189.24. The filing notes that 272,201,000 common shares were outstanding. The seller acquired 3,319 shares as performance shares on 03/15/2024 and 3,000 shares via a stock option exercise paid in cash on 01/08/2026. In the prior three months, the same individual sold 5,977 and 5,800 common shares for gross proceeds of $2,020,166.23 and $1,884,652.00, respectively.
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FAQ
What does Cadence (CDNS) Form 144 disclose in this filing?
The notice discloses that an insider, Chin-Chi Teng, plans to sell 6,319 shares of Cadence common stock under Rule 144 through Morgan Stanley Smith Barney LLC on NASDAQ.
Which broker and exchange are used for this Cadence (CDNS) Form 144 sale?
The shares are to be sold through Morgan Stanley Smith Barney LLC, with trading on the NASDAQ exchange.