Cadence CEO Anirudh Devgan Sells 3,779 Shares for $1.1 Million
Tax withholding obligations from restricted stock unit vesting drove the non-discretionary sale. Devgan retains 247,201 shares valued at $69.40 million.
Cadence Design Systems CEO Anirudh Devgan sold 3,779 shares of company stock in a non-discretionary disposition, according to a recent SEC Form 4 filing on September 17, 2026. The transaction value equated to a weighted average sale price of $280.76 per share, while the post-transaction value reflected the market close price of $280.76 on the same day.
Cadence Design Systems, a global leader in electronic design automation, employs 13,800 people and generated $5.8 billion in revenue for the trailing twelve months. The company's success is rooted in its integrated suite of verification and simulation tools, such as Xcelium, Palladium, and JasperGold, which tackle crucial bottlenecks in semiconductor design cycles.
With a market capitalization of $81.2 billion, Cadence plays a vital role as an infrastructure provider for the semiconductor industry, which is experiencing a surge in demand for advanced chip design capabilities.
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