Lip Bu Tan - Jan 31, 2023 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
Jan 31, 2023
Transactions value $
-$5,475,787
Form type
4
Date filed
2/2/2023, 04:36 PM
Previous filing
Feb 1, 2023
Next filing
Feb 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Sale -$1.23M -6.78K -0.73% $181.65 921K Jan 31, 2023 Held by Trust 2 F1, F2, F3
transaction CDNS Common Stock Sale -$2.95M -16.1K -1.75% $182.57 905K Jan 31, 2023 Held by Trust 2 F1, F3, F4
transaction CDNS Common Stock Sale -$1.3M -7.08K -0.78% $183.27 898K Jan 31, 2023 Held by Trust 2 F1, F3, F5, F6
holding CDNS Common Stock 603K Jan 31, 2023 Direct
holding CDNS Common Stock 15K Jan 31, 2023 Held by Trust 1 F7
holding CDNS Common Stock 7K Jan 31, 2023 Held by Trust 3 F8
holding CDNS Common Stock 31.4K Jan 31, 2023 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 $181.01 to $182.00, 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 $182.01 to $183.00, 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 $183.02 to $183.73, 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 Amount of securities held by trust includes 160 shares acquired by the Reporting Person through the Employee Stock Purchase Plan on January 31, 2023.
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.