Cadence CFO and Senior VP Sells Millions in Company Stock Amid AI Rally

In May, senior executives at Cadence Design Systems Inc. (NASDAQ: CDNS), including the CFO and a senior vice president, sold company shares under pre-established Rule 10b5-1 trading plans.

Senior Vice President Paul Scannell sold part of his holdings on May 1, securing about $3.6 million (roughly 5 billion KRW). On May 5, CFO John M. Wall and on May 22, Senior VP Chin-Chi Teng each executed planned sales of mid-seven-figure stakes (around 2.5 billion KRW), while still retaining hundreds of millions of dollars in remaining shares.

On May 31, Cadence unveiled “Virtual Engineer,” a fully autonomous chip-design solution leveraging the NVIDIA platform. Earlier on May 28, it announced expanded collaboration with Samsung Foundry to certify memory and interface IP and design flows for 2 nm process and 3D-IC designs.

Headquartered in San Jose, California, Cadence provides electronic-design-automation and system-design software. In its first-quarter fiscal 2026 results, released April 27, the company reported revenue of approximately $1.47 billion—up about 19 percent year-over-year—driven by rising demand for AI and physical-AI applications.