ANIRUDH DEVGAN - 04 Nov 2021 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role: President, Director
Signature: Alinka Flaminia, Attorney-in-Fact for Anirudh Devgan
Issuer symbol: CDNS
Transactions as of: 04 Nov 2021
Net transactions value: -$3,705,350
Form type: 4
Filing time: 08 Nov 2021, 17:13:30 UTC
Previous filing: 24 Aug 2021
Next filing: 18 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CDNS	Common Stock	Options Exercise	$769,750	+25,000	+11%	$30.79^*	249,596	04 Nov 2021	Direct	F1
transaction	CDNS	Common Stock	Sale	$4,475,100	-25,000	-10%	$179.00	224,596	04 Nov 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	-25,000	-33%	$0.000000	50,000	04 Nov 2021	Common Stock	75,000	$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.