Lip Bu Tan - Dec 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
Dec 21, 2022
Transactions value $
-$6,581,925
Form type
4
Date filed
12/22/2022, 04:54 PM
Previous filing
Dec 15, 2022
Next filing
Jan 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Sale -$758K -4.67K -0.47% $162.26 992K Dec 21, 2022 Held by Trust 2 F1, F2, F3
transaction CDNS Common Stock Sale -$670K -4.1K -0.41% $163.34 988K Dec 21, 2022 Held by Trust 2 F1, F3, F4
transaction CDNS Common Stock Sale -$1.56M -9.49K -0.96% $164.41 979K Dec 21, 2022 Held by Trust 2 F1, F3, F5
transaction CDNS Common Stock Sale -$3.59M -21.7K -2.22% $165.33 957K Dec 21, 2022 Held by Trust 2 F1, F3, F6
holding CDNS Common Stock 603K Dec 21, 2022 Direct
holding CDNS Common Stock 15K Dec 21, 2022 Held by Trust 1 F7
holding CDNS Common Stock 7K Dec 21, 2022 Held by Trust 3 F8
holding CDNS Common Stock 31.4K Dec 21, 2022 Held by IRA F9
* 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 $161.78 to $162.76, 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 $162.78 to $163.77, 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 $163.78 to $164.77, 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 $164.78 to $165.75, 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 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.
F8 Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.
F9 Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.