Anirudh Devgan - Nov 4, 2021 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role: President, Director
Signature: Alinka Flaminia, Attorney-in-Fact for Anirudh Devgan
Stock symbol: CDNS
Transactions as of: Nov 4, 2021
Transactions value $: -$3,705,350
Form type: 4
Date filed: 11/8/2021, 05:13 PM
Previous filing: Aug 24, 2021
Next filing: Nov 18, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CDNS	Common Stock	Options Exercise	$770K	+25K	+11.13%	$30.79^*	250K	Nov 4, 2021	Direct	F1
transaction	CDNS	Common Stock	Sale	-$4.48M	-25K	-10.02%	$179.00	225K	Nov 4, 2021	Direct	F1, F2

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	-25K	-33.33%	$0.00	50K	Nov 4, 2021	Common Stock	75K	$30.79	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person.
F2	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $179.00 to $179.01, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Content

The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person.

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $179.00 to $179.01, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.