Aneel Zaman - 28 Jul 2022 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role: Sr. Vice President
Signature: Stephanie Wells, Attorney-in-Fact for Aneel Zaman
Issuer symbol: CDNS
Transactions as of: 28 Jul 2022
Net transactions value: -$262,501
Form type: 4
Filing time: 01 Aug 2022, 20:38:57 UTC
Previous filing: 02 Jun 2022
Next filing: 03 Aug 2022
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	$863,039	+6,253	+6.5%	$138.02	102,436	28 Jul 2022	Direct	F1
transaction	CDNS	Common Stock	Sale	$1,125,540	-6,253	-6.1%	$180.00	96,261	28 Jul 2022	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	-6,253	-31%	$0.000000	13,758	28 Jul 2022	Common Stock	6,253	$138.02	Direct	F3

* 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	Amount of securities beneficially owned includes 78 shares acquired by the Reporting Person through the Employee Stock Purchase Plan on July 29, 2022.
F3	These options vested at a rate of 1/48th per month starting on March 25, 2021.