Aneel Zaman - Feb 26, 2024 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Signature
Ahalya Hildreth, Attorney-in-Fact for Aneel Zaman
Stock symbol
CDNS
Transactions as of
Feb 26, 2024
Transactions value $
-$726,376
Form type
4
Date filed
2/28/2024, 06:21 PM
Previous filing
Feb 6, 2024
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Tax liability -$360K -1.18K -1.86% $303.69 62.4K Feb 26, 2024 Direct F1
transaction CDNS Common Stock Sale -$367K -1.21K -1.94% $303.90 61.2K Feb 27, 2024 Direct 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 Shares withheld to satisfy tax obligations arising out of vesting of Performance Stock Award.
F2 The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on May 2, 2023 by the Reporting Person.