TENG CHIN-CHI 4

What Happened

• Teng Chin‑Chi, Senior Vice President at Cadence (CDNS), received two grants of performance‑based restricted stock units (RSUs) on 2026-03-18 totaling 46,396 shares (39,032 and 7,364), granted at $0 purchase price.
• To satisfy tax withholding on the vested awards, 3,546 shares were withheld/treated as disposed at an attributed price of $289.64 per share, equal to $1,027,063. The awards themselves are not purchases or open‑market sales — they are compensation.

Key Details

• Transaction date: 2026-03-18; Form filed: 2026-03-20 (timely filing).
• Grants: 39,032 RSUs (F1) and 7,364 RSUs (F2). F2 notes these RSUs vest in three equal annual installments subject to continued service.
• Tax withholding: 3,546 shares withheld to satisfy taxes on vesting (F3); attributed price used for withholding = $289.64; total value withheld = $1,027,063.
• Shares owned after transaction: not disclosed in this Form 4.
• Transaction codes: A = Award/Grant; F = Payment of exercise price or tax liability (here, tax withholding).

Context

• These were performance‑based RSUs that met performance criteria; one grant has a multi‑year vesting schedule (three equal annual installments). The withheld 3,546 shares represent a common cashless tax withholding mechanism and are not an open‑market sale indicating a change in sentiment.
• This filing documents compensation vesting and associated tax withholding rather than a buy or investment sale by the insider.