Lip Bu Tan - May 20, 2022 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Signature
Stephanie Wells, Attorney-in-Fact for Lip-Bu Tan
Stock symbol
CDNS
Transactions as of
May 20, 2022
Transactions value $
-$5,750,803
Form type
4
Date filed
5/24/2022, 06:56 PM
Previous filing
May 5, 2022
Next filing
Jun 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Sale -$745K -5.26K -0.81% $141.57 647K May 20, 2022 Direct F1, F2
transaction CDNS Common Stock Sale -$2.03M -14.3K -2.21% $142.61* 633K May 20, 2022 Direct F1, F3
transaction CDNS Common Stock Sale -$803K -5.6K -0.88% $143.52 627K May 20, 2022 Direct F1, F4
transaction CDNS Common Stock Sale -$561K -3.88K -0.62% $144.50 623K May 20, 2022 Direct F1, F5
transaction CDNS Common Stock Sale -$583K -4K -0.64% $145.57 619K May 20, 2022 Direct F1, F6
transaction CDNS Common Stock Sale -$1.01M -6.9K -1.11% $146.54 612K May 20, 2022 Direct F1, F7
transaction CDNS Common Stock Sale -$14.7K -100 -0.02% $147.23 612K May 20, 2022 Direct F1
holding CDNS Common Stock 15K May 20, 2022 Held by Trust 1 F8
holding CDNS Common Stock 1.24M May 20, 2022 Held by Trust 2 F9
holding CDNS Common Stock 7K May 20, 2022 Held by Trust 3 F10
holding CDNS Common Stock 31.4K May 20, 2022 Held by IRA F11
* 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 $141.08 to $142.07, 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.
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $142.08 to $143.07, 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.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $143.08 to $144.06, 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.
F5 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $144.08 to $144.96, 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.
F6 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $145.09 to $146.07, 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.
F7 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $146.12 to $146.95, 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.
F8 Shares held by A&E Investment LLC, the sole member of which is the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
F9 Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
F10 Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.
F11 Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.