Lip Bu Tan - Jun 21, 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
Jun 21, 2022
Transactions value $
-$5,947,875
Form type
4
Date filed
6/23/2022, 08:01 PM
Previous filing
Jun 1, 2022
Next filing
Jun 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Sale -$72.9K -500 -0.04% $145.88 1.24M Jun 21, 2022 Held by Trust 2 F1, F2, F3
transaction CDNS Common Stock Sale -$284K -1.92K -0.16% $147.79 1.23M Jun 21, 2022 Held by Trust 2 F1, F3, F4
transaction CDNS Common Stock Sale -$4.1M -27.6K -2.23% $148.60 1.21M Jun 21, 2022 Held by Trust 2 F1, F3, F5
transaction CDNS Common Stock Sale -$1.47M -9.82K -0.81% $149.27 1.2M Jun 21, 2022 Held by Trust 2 F1, F3, F6
transaction CDNS Common Stock Sale -$30K -200 -0.02% $150.07 1.2M Jun 21, 2022 Held by Trust 2 F1, F3, F7
holding CDNS Common Stock 15K Jun 21, 2022 Held by Trust 1 F8
holding CDNS Common Stock 7K Jun 21, 2022 Held by Trust 3 F9
holding CDNS Common Stock 31.4K Jun 21, 2022 Held by IRA F10
holding CDNS Common Stock 612K Jun 21, 2022 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 $145.63 to $146.31, 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 Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $146.98 to $147.97, 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 $147.98 to $148.97, 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 $148.98 to $149.91, 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 $150.06 to $150.07, 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.
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 L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.
F10 Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.