Chin-Chi Teng - 15 Mar 2023 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role
Sr. Vice President
Signature
Ahalya Hildreth, Attorney-in-Fact for Chin-Chi Teng
Issuer symbol
CDNS
Transactions as of
15 Mar 2023
Net transactions value
-$3,011,021
Form type
4
Filing time
17 Mar 2023, 17:55:54 UTC
Previous filing
01 Mar 2023
Next filing
21 Jun 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 +12,525 +8.9% $0.000000 153,860 15 Mar 2023 Direct F1
transaction CDNS Common Stock Tax liability $445,453 -2,195 -1.4% $202.94 151,665 15 Mar 2023 Direct F2
transaction CDNS Common Stock Tax liability $2,565,567 -12,642 -8.3% $202.94 139,023 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 +18,426 $0.000000 18,426 15 Mar 2023 Common Stock 18,426 $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.