Trade Summary

4 days ago, Scannell Paul, serving as Sr. Vice President at CADENCE DESIGN SYSTEMS INC (CDNS), sold 7,081 shares at $393.91 per share, for a total transaction value of $2,789,276.71. Following this transaction, Scannell Paul now holds 32,181 shares of CDNS.

This sale represents a 18.04% decrease in Scannell Paul's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Monday, June 1, 2026 and publicly disclosed via SEC Form 4 filing on Wednesday, June 3, 2026 at 7:25 PM ET, 2 days after the trade was made.

CADENCE DESIGN SYSTEMS INC operates in the TECHNOLOGY sector, specifically within the SOFTWARE - APPLICATION industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.