Karna Nisewaner - Sep 16, 2022 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role: Corporate VP, General Counsel
Signature: /s/ Ahalya Hildreth, Attorney-in-Fact for Karna Nisewaner
Stock symbol: CDNS
Transactions as of: Sep 16, 2022
Transactions value $: -$37,618
Form type: 4
Date filed: 9/19/2022, 09:09 PM
Next filing: Jan 25, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CDNS	Common Stock	Award	$0	+3.91K	+29.78%	$0.00	17K	Sep 16, 2022	Direct	F1
transaction	CDNS	Common Stock	Tax liability	-$37.6K	-229	-1.35%	$164.27	16.8K	Sep 16, 2022	Direct	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)	Award	$0	+5.79K		$0.00	5.79K	Sep 16, 2022	Common Stock	5.79K	$164.27	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Grant of performance-based incentive stock award.
F2	Shares withheld to satisfy tax obligations arising out of the vesting of an incentive stock award.
F3	Option vests at a rate of 1/48th per month.