Karna Nisewaner - 16 Sep 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
Issuer symbol: CDNS
Transactions as of: 16 Sep 2022
Net transactions value: -$37,618
Form type: 4
Filing time: 19 Sep 2022, 21:09:26 UTC
Next filing: 25 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CDNS	Common Stock	Award	$0	+3,906	+30%	$0.000000	17,022	16 Sep 2022	Direct	F1
transaction	CDNS	Common Stock	Tax liability	$37,618	-229	-1.3%	$164.27	16,793	16 Sep 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	+5,793		$0.000000	5,793	16 Sep 2022	Common Stock	5,793	$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.