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sellWeak cluster of 710b5-1 plan

Anirudh Devgan sold $6.8M of CDNS

President and CEO at CADENCE DESIGN SYSTEMS INC. 20,000 shares at an average of $340.00, traded Dec 5, 2025, filed Dec 9, 2025.

Warning score
30
Value
$6.8M
20,000 shares
Holdings after
195,844
-9% from before
From 52-week low
+46%
low $231.64, close $337.53
From 52-week high
-10%
high $373.37, as of Dec 5, 2025

Score components

  • Role
    CEO
    +25
  • Trade size
    $6.8M at market
    +25
  • Share of holdings sold
    Sold 9.3% of holdings
    0
  • Cluster
    7 insiders selling within 14 days
    +15
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m -4.9%, 3m -12.5%, 6m +16.7%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

CDNSOct 9, 2026 · close 352.84
Since filing Dec 9, 2025: +5.3%SPY +15.1% · excess -9.8%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0000813672-25-000160, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Dec 5, 2025MOption exercise
Common Stock10b5-1
+20,000$78.76$1.6M215,844Dec 9, 2025
Dec 5, 2025SOpen-market sale
Common Stock10b5-1
-20,000$340.00$6.8M195,844Dec 9, 2025
Dec 5, 2025MOption exercise
Non Qualified Stock Option (right to buy)derivative10b5-1
-20,000$0.00$051,821Dec 9, 2025

Related signals

Other insiders at CADENCE DESIGN SYSTEMS INC and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
12Weak
CDNSsell10b5-1
CADENCE DESIGN SYSTEMS INC
Vincentelli Alberto Sangiovanni
director
$438k
1,250 shares
-3%
7Weak
CDNSsell 210b5-1
CADENCE DESIGN SYSTEMS INC
Paul Cunningham
Sr. Vice President
$554k
2,000 shares
-2%
10Weak
CDNSsell 210b5-1
CADENCE DESIGN SYSTEMS INC
Ita M Brennan
director
$51k
180 shares
-2%
26Weak
CDNSsell 410b5-1
CADENCE DESIGN SYSTEMS INC
Vincentelli Alberto Sangiovanni
director
$401k
1,250 shares
-3%
20Weak
CDNSsell 410b5-1
CADENCE DESIGN SYSTEMS INC
Paul Scannell
Sr. Vice President
$95k
280 shares
-1%
20Weak
CDNSsell 410b5-1
CADENCE DESIGN SYSTEMS INC
Chin-Chi Teng
Sr. Vice President
$1.5M
4,732 shares
-3%
15Weak
CDNSsell 410b5-1
CADENCE DESIGN SYSTEMS INC
Paul Cunningham
Sr. Vice President
$647k
2,000 shares
-2%
13Weak
CDNSsell 210b5-1
CADENCE DESIGN SYSTEMS INC
Chin-Chi Teng
Sr. Vice President
$1.5M
4,500 shares
-3%
10Weak
CDNSsell 210b5-1
CADENCE DESIGN SYSTEMS INC
Paul Cunningham
Sr. Vice President
$767k
2,000 shares
-2%
20Weak
CDNSsell 410b5-1
CADENCE DESIGN SYSTEMS INC
Chin-Chi Teng
Sr. Vice President
$1.7M
4,500 shares
-3%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Anirudh Devgan sold $6.8M of CDNS | InsiderTell