Summary by Futu AI
Anirudh Devgan, CEO and Director of Cadence Design Systems, is set to sell 5,920 shares of common stock on 01/02/2025. The transaction has an estimated market value of $1,799,928.05, based on current stock prices.The shares to be sold were originally acquired on 09/15/2024 as performance shares issued by the company. This planned sale was part of an instruction given on 09/06/2024, indicating a pre-arranged trading plan. The company reported no other securities sold by Devgan in the past three months.This transaction represents a portion of Devgan's holdings in Cadence Design Systems, though the exact percentage or remaining shares after the sale were not disclosed. The sale is scheduled approximately 3.5 months after the acquisition of these performance-based shares.