Summary by Futu AI
Anirudh Devgan, President and CEO of Cadence Design Systems, sold 5,920 shares of common stock on January 2, 2025. The transactions were executed in four separate sales, with prices ranging from $302.42 to $305.73 per share.The total value of the disposed shares amounted to approximately $1.8 million. Following these transactions, Devgan's direct ownership of Cadence Design Systems common stock decreased to 55,874 shares.These sales were reported as completed transactions and were conducted through open market or private sales. The significant stock disposal by the company's top executive may be of interest to investors monitoring insider trading activities.