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

Signature
Ahalya Hildreth, Attorney-in-Fact for Karna Nisewaner
Stock symbol
CDNS
Transactions as of
Aug 15, 2024
Transactions value $
-$465,075
Form type
4
Date filed
8/19/2024, 07:06 PM
Previous filing
Jul 2, 2024
Next filing
Sep 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Tax liability -$126K -450 -2.33% $280.12 18.8K Aug 15, 2024 Direct F1
transaction CDNS Common Stock Sale -$339K -1.21K -6.44% $279.49 17.6K Aug 16, 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 Restricted Stock Award.
F2 The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 8/9/2023 by the Reporting Person.