Paul Cunningham - Feb 1, 2024 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Signature
Ahalya Hildreth, Attorney-in-Fact for Paul Cunningham
Stock symbol
CDNS
Transactions as of
Feb 1, 2024
Transactions value $
-$289,500
Form type
4
Date filed
2/5/2024, 07:19 PM
Previous filing
Jan 4, 2024
Next filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Sale -$290K -1K -1.16% $289.50 85.4K Feb 1, 2024 Direct F1, F2
* 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 2/22/2023 by the Reporting Person.
F2 Amount of securities beneficially owned includes 125 shares acquired by the Reporting Person through the Employee Stock Purchase Plan on January 31, 2024.