Karna Nisewaner - 15 Mar 2024 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role
SVP & General Counsel
Signature
Ahalya Hildreth, Attorney-in-Fact for Karna Nisewaner
Issuer symbol
CDNS
Transactions as of
15 Mar 2024
Net transactions value
-$374,150
Form type
4
Filing time
19 Mar 2024, 18:19:37 UTC
Previous filing
05 Mar 2024
Next filing
03 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Tax liability $277,251 -929 -5.3% $298.44 16,666 15 Mar 2024 Direct F1
transaction CDNS Common Stock Award $0 +5,336 +32% $0.000000 22,002 15 Mar 2024 Direct F2
transaction CDNS Common Stock Tax liability $96,899 -322 -1.5% $300.93 21,680 18 Mar 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) Award $0 +7,853 $0.000000 7,853 15 Mar 2024 Common Stock 7,853 $298.44 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to satisfy tax obligations arising out of vesting of Performance Stock Award.
F2 Grant of Performance-Based Incentive Stock Award.
F3 Option vests at a rate of 1/48th per month.