TENG CHIN-CHI 4

What Happened

• Teng Chin‑Chi, Senior Vice President at Cadence Design Systems (CDNS), had shares withheld to cover tax obligations tied to vested awards and was also granted restricted stock units (RSUs). Disposals: 16,598 shares on 2026-03-16 at $292.72 ($4,858,567), 1,827 shares on 2026-03-16 at $292.72 ($534,799), and 2,362 shares on 2026-03-17 at $293.75 ($693,838). Grant: 13,386 RSUs awarded on 2026-03-16 (no cash paid).

Key Details

• Transaction dates and prices:
  • 2026-03-16: 16,598 shares disposed @ $292.72 = $4,858,567 (tax withholding)
  • 2026-03-16: 1,827 shares disposed @ $292.72 = $534,799 (tax withholding)
  • 2026-03-16: 13,386 RSUs granted @ $0.00 (award)
  • 2026-03-17: 2,362 shares disposed @ $293.75 = $693,838 (tax withholding)
• Total value of disposed shares ≈ $6,087,204; RSU grant had $0 cash value at issuance.
• Shares owned after the transactions are not specified in the excerpt; the filing notes beneficial ownership includes 70 shares acquired via the Employee Stock Purchase Plan (F2).
• Notable footnotes:
  • F1/F3/F5: shares were withheld to satisfy tax obligations arising from vesting of performance-based and other RSU/incentive awards.
  • F4: the 13,386-item line is a grant of restricted stock units.
  • F2: beneficial ownership figure (in filing) includes 70 ESPP shares acquired Jan 30, 2026.
• Timeliness: Form 4 was filed on 2026-03-18 for transactions on 2026-03-16–17 (filed within typical short reporting window; not marked late).

Context

• These disposals are tax-withholding actions (transaction code F), not open-market sales for investment purposes. That means shares were retained by the company or sold to cover taxes from vested awards — a routine administrative event rather than a directional bet.
• The filing also shows a grant of RSUs (code A/F4). For retail investors, purchases or open-market buys can be more informative; here the net activity reflects compensation vesting and associated tax withholding.