Alberto Sangiovanni - Jan 12, 2024 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role
Director
Signature
Ahalya Hildreth, Attorney-in-Fact for Alberto Sangiovanni-Vincentelli
Stock symbol
CDNS
Transactions as of
Jan 12, 2024
Transactions value $
-$2,940,105
Form type
4
Date filed
1/17/2024, 05:47 PM
Previous filing
Dec 21, 2023
Next filing
Jan 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Options Exercise $138K +10K +16.48% $13.81* 70.7K Jan 12, 2024 Direct F1
transaction CDNS Common Stock Sale -$3.08M -11.5K -16.27% $267.67 59.2K Jan 12, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CDNS Non Qualified Stock Option (right to buy) Options Exercise $0 -10K -100% $0.00* 0 Jan 12, 2024 Common Stock 10K $13.81 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 9/13/2023 by the Reporting Person.