Cadence Design Systems SVP Paul Cunningham Sells Shares Worth $767K
Paul Cunningham, Senior Vice President of Cadence Design Systems (CDNS), sold 2,000 shares on July 15, 2026 for approximately $767,000. The transaction was disclosed via an SEC Form 4 filing and occurred under a Rule 10b5-1 trading plan, suggesting it is part of routine portfolio management rather than signaling concern about the company's prospects. Cunningham still holds over 125,586 shares directly valued at $46.66 million as of July 15, representing a small insider ownership stake in Cadence’s $91 billion market cap. The stock closed at $371.50 on the day of sale and had delivered an approximate 17% total return over the previous year. Cadence reported trailing twelve-month revenue of $5.5 billion, net income of $1.2 billion, with a workforce of 13,800 employees as of July 2026.
Tickers: $CDNS
Topics: Cadence Design Systems executive sale stock ownership