Karna Nisewaner - 17 Mar 2025 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role
SVP & General Counsel
Signature
/s/ Ahalya Hildreth, Attorney-in- Fact for Karna Nisewaner
Issuer symbol
CDNS
Transactions as of
17 Mar 2025
Net transactions value
-$1,583,914
Form type
4
Filing time
19 Mar 2025, 18:39:18 UTC
Previous filing
20 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Sale $455,562 -1,850 -12% $246.25 13,514 17 Mar 2025 Direct F1
transaction CDNS Common Stock Tax liability $443,126 -1,737 -13% $255.11 11,777 17 Mar 2025 Direct F2
transaction CDNS Common Stock Award $0 +9,900 +84% $0.000000 21,677 17 Mar 2025 Direct F3
transaction CDNS Common Stock Tax liability $59,186 -232 -1.1% $255.11 21,445 17 Mar 2025 Direct F4
transaction CDNS Common Stock Award $0 +4,950 +23% $0.000000 26,395 17 Mar 2025 Direct F3
transaction CDNS Common Stock Tax liability $626,040 -2,454 -9.3% $255.11 23,941 17 Mar 2025 Direct F4
* 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 9/12/2024 by the Reporting Person.
F2 Shares withheld to satisfy tax obligations arising out of vesting of Performance-Based Incentive Stock Awards.
F3 Represents Performance-Based Restricted Stock Units that have met the performance criteria.
F4 Shares withheld to satisfy tax obligations arising out of vesting of Performance-Based Restricted Stock Units that have met the performance criteria.