JOHN M. WALL - 15 Mar 2023 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role
Sr. VP & CFO
Signature
Ahalya Hildreth, Attorney-in-Fact for John Wall
Issuer symbol
CDNS
Transactions as of
15 Mar 2023
Net transactions value
-$3,316,040
Form type
4
Filing time
17 Mar 2023, 18:02:03 UTC
Previous filing
13 Mar 2023
Next filing
05 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 +15,030 +12% $0.000000 135,770 15 Mar 2023 Direct F1
transaction CDNS Common Stock Tax liability $591,570 -2,915 -2.1% $202.94 132,855 15 Mar 2023 Direct F2
transaction CDNS Common Stock Tax liability $2,724,470 -13,425 -10% $202.94 119,430 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 +22,112 $0.000000 22,112 15 Mar 2023 Common Stock 22,112 $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.