Cadence CEO Anirudh Devgan Sells 3,779 Shares for $1.1 Million
Tax withholding obligations from restricted stock unit vesting drove the non-discretionary sale. Devgan retains 247,201 shares valued at $69.40 million.
Overview
Anirudh Devgan, President and CEO of Cadence Design Systems, Inc.(NASDAQ:CDNS), reported a non-discretionary disposition of 3,779 shares on Sept. 17, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($280.76); post-transaction value based on Sept. 17, 2026, market close ($280.76).
Details
Cadence Design Systems operates as a market leader in electronic design automation, with a global footprint spanning 13,800 employees and generating $5.8 billion in TTM revenue. The company maintains a competitive advantage through its integrated suite of verification and simulation tools, including industry-standard platforms such as Xcelium, Palladium, and JasperGold, which address critical bottlenecks in semiconductor design cycles. With a market capitalization of $81.2 billion, Cadence is positioned as an essential infrastructure provider for the semiconductor industry during a period of accelerating demand for advanced chip design capabilities.
Source
Originally published at www.fool.com.