Chin Chi Teng - Mar 15, 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
Stock symbol
CDNS
Transactions as of
Mar 15, 2023
Transactions value $
-$3,011,021
Form type
4
Date filed
3/17/2023, 05:55 PM
Previous filing
Mar 1, 2023
Next filing
Jun 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Award $0 +12.5K +8.86% $0.00 154K Mar 15, 2023 Direct F1
transaction CDNS Common Stock Tax liability -$445K -2.2K -1.43% $202.94 152K Mar 15, 2023 Direct F2
transaction CDNS Common Stock Tax liability -$2.57M -12.6K -8.34% $202.94 139K Mar 16, 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 +18.4K $0.00 18.4K Mar 15, 2023 Common Stock 18.4K $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.