Thomas P. Beckley - Feb 15, 2024 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Signature
Stephanie Wells, Attorney-in-Fact for Thomas Beckley
Stock symbol
CDNS
Transactions as of
Feb 15, 2024
Transactions value $
-$17,275,402
Form type
4
Date filed
2/20/2024, 08:44 PM
Previous filing
Sep 19, 2023
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 -$2.84M -9.59K -5.21% $295.74 175K Feb 15, 2024 Direct F1, F2, F3
transaction CDNS Common Stock Sale -$2.41M -8.12K -4.65% $296.70 166K Feb 15, 2024 Direct F1, F4
transaction CDNS Common Stock Sale -$2.1M -7.07K -4.25% $297.66 159K Feb 15, 2024 Direct F1, F5
transaction CDNS Common Stock Sale -$401K -1.34K -0.84% $298.60 158K Feb 15, 2024 Direct F1, F6
transaction CDNS Common Stock Sale -$210K -700 -0.44% $299.55 157K Feb 15, 2024 Direct F1, F7
transaction CDNS Common Stock Sale -$120K -400 -0.25% $300.41 157K Feb 15, 2024 Direct F1, F8
transaction CDNS Common Stock Sale -$178K -589 -0.38% $302.23 156K Feb 15, 2024 Direct F1, F9
transaction CDNS Common Stock Sale -$60.6K -200 -0.13% $302.84 156K Feb 15, 2024 Direct F1, F10
transaction CDNS Common Stock Options Exercise $2.11M +37.3K +23.86% $56.57 193K Feb 15, 2024 Direct F1
transaction CDNS Common Stock Sale -$3.78M -12.8K -6.6% $295.73 181K Feb 15, 2024 Direct F1, F11
transaction CDNS Common Stock Sale -$2.97M -10K -5.54% $296.65 171K Feb 15, 2024 Direct F1, F12
transaction CDNS Common Stock Sale -$3.07M -10.3K -6.05% $297.64 160K Feb 15, 2024 Direct F1, F13
transaction CDNS Common Stock Sale -$596K -2K -1.25% $298.58 158K Feb 15, 2024 Direct F1, F14
transaction CDNS Common Stock Sale -$257K -856 -0.54% $299.68 157K Feb 15, 2024 Direct F1, F15
transaction CDNS Common Stock Sale -$90.1K -300 -0.19% $300.37 157K Feb 15, 2024 Direct F1, F16
transaction CDNS Common Stock Sale -$237K -783 -0.5% $302.35 156K Feb 15, 2024 Direct F1, F17
transaction CDNS Common Stock Sale -$72.4K -239 -0.15% $303.01 156K Feb 15, 2024 Direct F1, F18

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 -37.3K -100% $0.00* 0 Feb 15, 2024 Common Stock 37.3K $56.57 Direct F19
* 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 October 25, 2023 by the Reporting Person.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $295.21 to $296.19, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Amount of securities beneficially owned includes 125 shares acquired by the Reporting Person through the Employee Stock Purchase Plan on January 31, 2024.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $296.22 to $297.21, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $297.215 to $298.19, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $298.22 to $299.06, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $299.24 to $300.21, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $300.27 to $300.54, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F9 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $301.57 to $302.37, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F10 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $302.77 to $302.90, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F11 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $295.19 to $296.16, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F12 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $296.19 to $297.16, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F13 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $297.19 to $298.17, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F14 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $298.20 to $299.14, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F15 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $299.27 to $300.23, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F16 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $300.27 to $300.42, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F17 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $301.515 to $302.5, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F18 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $302.77 to $303.33, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F19 These options vested at a rate of 1/48th per month starting on March 22, 2019.