Cadence Design Systems SVP Paul Cunningham Sells Shares Worth $767K
Paul Cunningham, Senior Vice President of Cadence Design Systems (NASDAQ:CDNS), sold 2,000 shares on July 15, 2026 for a total value of approximately $767,000. The transaction was disclosed via an SEC Form 4 filing and occurred at a weighted average price per share of $383.36. Cunningham still holds over 125,586 shares directly valued at around $46.66 million as of the date of sale. The stock closed at $371.50 on July 15 and had delivered a total return of about 17% in the preceding year. The shares sold were part of options that began vesting monthly from March 2021, with Cunningham still holding over 8,000 derivative securities. Cadence Design Systems reported trailing twelve-month revenue of $5.5 billion and net income of $1.2 billion as of July 2026. The sale appears to be part of a Rule 10b5-1 trading plan, suggesting it was pre-planned rather than reactive. Analysts note that the relatively small portion of his holdings sold—around 2%—indicates continued confidence in Cadence’s long-term prospects.
Tickers: $CDNS