| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CDNS | Common Stock | Tax liability | -$475K | -1.56K | -1.12% | $303.69 | 138K | Feb 26, 2024 | Direct | F1, F2 |
| transaction | CDNS | Common Stock | Sale | -$442K | -1.45K | -1.05% | $303.90 | 136K | Feb 27, 2024 | Direct | F3 |
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).
| Id | Content |
|---|---|
| F1 | Shares withheld to satisfy tax obligations arising out of vesting of Performance Stock Award. |
| F2 | Amount of securities beneficially owned includes 125 shares acquired by the Reporting Person through the Employee Stock Purchase Plan on January 31, 2024. |
| F3 | The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on June 14, 2023 and modified on September 13, 2023 by the Reporting Person. |