Karna Nisewaner - 15 Mar 2023 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role
Corporate VP, General Counsel
Signature
Ahalya Hildreth, Attorney-in-Fact for Karna Nisewaner
Issuer symbol
CDNS
Transactions as of
15 Mar 2023
Net transactions value
-$47,175
Form type
4
Filing time
17 Mar 2023, 17:52:40 UTC
Previous filing
08 Mar 2023
Next filing
07 Apr 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 +7,348 +48% $0.000000 22,621 15 Mar 2023 Direct F1
transaction CDNS Common Stock Tax liability $47,175 -227 -1% $207.82 22,394 16 Mar 2023 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 +10,810 $0.000000 10,810 15 Mar 2023 Common Stock 10,810 $202.94 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 vesting of Performance Stock Awards.
F3 Option vests at a rate of 1/48th per month.