Chin-Chi Teng, a senior vice president at Cadence Design Systems (CDNS), has been a consistent seller of company stock over the past year, with Form 4 filings showing 87 total transactions and no open-market purchases. The aggregate sell value across all filings reached approximately $33.1 million, while acquired value stood at zero, indicating a clear one-directional pattern of disposition. Recent activity reinforces this trend: in the three most recent monthly filing cycles (May through July 2026), Teng executed 23 sales totaling roughly $3.4 million, with the largest single transaction on July 22, 2026, valued at $667,258.
The transaction structure reveals a mechanical rhythm rather than opportunistic timing. Each monthly batch—May 22, June 22, and July 22—includes a mix of option exercises (coded "M") and corresponding sales (coded "S"), with the exercise value consistently at $202,940 per month. This pairing suggests the sales are tied to option exercises, where shares are acquired and immediately sold, a common pattern for executives monetizing vested equity. The sale values within each batch vary widely, from roughly $27,000 to over $667,000, reflecting sales at different price points or in different tranches on the same day.
Notably, Teng has not engaged in any open-market purchases (code "P") during the covered period, and there are no recent buy transactions whatsoever. The absence of buys, combined with the steady monthly sell cadence, points to a systematic liquidation of holdings rather than a discretionary response to market conditions. All activity is confined to CDNS, with no diversification across other tickers, and the total sell value of $33.1 million represents a substantial reduction in the executive's stake over the filing window.
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