Summary by Moomoo AI
Anirudh Devgan, President and CEO of Cadence Design Systems, executed a stock transaction on 01/06/2025. Devgan exercised 93,151 shares of Common Stock at $56.57 per share through a derivative security conversion. Subsequently, he sold the same number of shares at $310.00 each in an open market transaction.The total value of the disposed shares amounted to $28,876,810. Following these transactions, Devgan's direct ownership in Cadence Design Systems decreased to 55,874 shares. The transactions were completed on the same day, indicating a planned exercise-and-sell strategy commonly used by executives for liquidity or diversification purposes.
