Anirudh Devgan - Jan 6, 2025 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Signature
/s/ Ahalya Hildreth, Attorney-in-Fact for Anirudh Devgan
Stock symbol
CDNS
Transactions as of
Jan 6, 2025
Transactions value $
-$23,607,258
Form type
4
Date filed
1/8/2025, 06:52 PM
Previous filing
Jan 6, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Options Exercise $5.27M +93.2K +166.72% $56.57 149K Jan 6, 2025 Direct
transaction CDNS Common Stock Sale -$28.9M -93.2K -62.51% $310.00 55.9K Jan 6, 2025 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) Options Exercise $0 -93.2K -100% $0.00 0 Jan 6, 2025 Common Stock 93.2K $56.57 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 The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 9/6/2024 by the Reporting Person.
F2 These options vested at a rate of 1/48th per month starting on March 22, 2019.