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CDNS insider Teng reports option exercises and 5,800-share sale

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Cadence Design Systems (CDNS) senior vice president Chin‑Chi Teng reported insider activity on 11/06/2025. He exercised 2,000 stock options at an exercise price of $78.76 and 400 options at $138.02, then sold 5,800 common shares at a price of $324.94. Following these transactions, he directly owned 123,381 shares.

The filing notes the transactions were effected under a Rule 10b5‑1 trading plan adopted on 03/07/2025. The exercised options were non‑qualified awards, with original vesting schedules beginning on March 14, 2020 and March 25, 2021, respectively.

Positive

  • None.

Negative

  • None.
Insider TENG CHIN-CHI
Role Sr. Vice President
Sold 5,800 shs ($1.88M)
Type Security Shares Price Value
Exercise Non- Qualified Stock Option (right to buy) 2,000 $0.00 --
Exercise Non- Qualified Stock Option (right to buy) 400 $0.00 --
Exercise Common Stock 2,000 $78.76 $158K
Exercise Common Stock 400 $138.02 $55K
Sale Common Stock 5,800 $324.94 $1.88M
Holdings After Transaction: Non- Qualified Stock Option (right to buy) — 3,000 shares (Direct); Common Stock — 128,781 shares (Direct)
Footnotes (1)
  1. The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 3/7/2025 by the Reporting Person. Option vests at a rate of 1/48th per month starting on March 14, 2020. These options vested at a rate of 1/48th per month starting on March 25, 2021.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
TENG CHIN-CHI
(Last) (First) (Middle)
2655 SEELY AVENUE, BLDG. 5
(Street)
SAN JOSE CA 95134
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CADENCE DESIGN SYSTEMS INC [ CDNS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Sr. Vice President
3. Date of Earliest Transaction (Month/Day/Year)
11/06/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/06/2025 M 2,000(1) A $78.76 128,781 D
Common Stock 11/06/2025 M 400(1) A $138.02 129,181 D
Common Stock 11/06/2025 S 5,800(1) D $324.94 123,381 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non- Qualified Stock Option (right to buy) $78.76 11/06/2025 M 2,000 (2) 02/14/2027 Common Stock 2,000 $0 3,000 D
Non- Qualified Stock Option (right to buy) $138.02 11/06/2025 M 400 (3) 02/25/2028 Common Stock 400 $0 0 D
Explanation of Responses:
1. The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 3/7/2025 by the Reporting Person.
2. Option vests at a rate of 1/48th per month starting on March 14, 2020.
3. These options vested at a rate of 1/48th per month starting on March 25, 2021.
Remarks:
/s/ Ahalya Hildreth, Attorney-in-Fact for Chin-Chi Teng 11/07/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CDNS report on Form 4?

On 11/06/2025, SVP Chin‑Chi Teng exercised 2,000 options at $78.76 and 400 options at $138.02, and sold 5,800 CDNS shares at $324.94.

How many CDNS shares does the insider own after the transactions?

He directly owned 123,381 shares following the reported transactions.

Was the CDNS insider sale under a 10b5-1 plan?

Yes. The filing states the trades were made under a Rule 10b5‑1 trading plan adopted on 03/07/2025.

What options were exercised by the CDNS executive?

Non‑qualified stock options with exercise prices of $78.76 and $138.02, tied to vesting that began on March 14, 2020 and March 25, 2021.

What type of form is this and who filed it?

This is a Form 4 filed by Chin‑Chi Teng, a senior vice president of Cadence Design Systems.

Were any derivative holdings remaining after the exercises?

The table shows 3,000 options remaining from the $78.76 grant (expiring 02/14/2027) and 0 remaining from the $138.02 grant (expiring 02/25/2028).