Anirudh Devgan - Dec 5, 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
Dec 5, 2025
Transactions value $
-$5,224,800
Form type
4
Date filed
12/9/2025, 08:09 PM
Previous filing
Nov 7, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
DEVGAN ANIRUDH President and CEO, Director 2655 SEELY AVENUE, BLDG. 5, SAN JOSE /s/ Ahalya Hildreth, Attorney-in-Fact for Anirudh Devgan 2025-12-09 0001591933

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Options Exercise $1.58M +20K +10.21% $78.76 216K Dec 5, 2025 Direct
transaction CDNS Common Stock Sale -$6.8M -20K -9.27% $340.00 196K Dec 5, 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 -20K -27.85% $0.00 51.8K Dec 5, 2025 Common Stock 20K $78.76 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 and first amended on 8/6/2025 by the Reporting Person.
F2 These options vested at a rate of 1/48th per month.