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

Signature
Ahalya Hildreth, Attorney-in-Fact for Anirudh Devgan
Issuer symbol
CDNS
Transactions as of
15 Mar 2023
Net transactions value
-$7,395,365
Form type
4
Filing time
17 Mar 2023, 18:07:00 UTC
Previous filing
01 Mar 2023
Next filing
21 Mar 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Award $0 +37,956 +22% $0.000000 210,370 15 Mar 2023 Direct F1
transaction CDNS Common Stock Tax liability $1,125,708 -5,547 -2.6% $202.94 204,823 15 Mar 2023 Direct F2
transaction CDNS Common Stock Sale $367,616 -1,832 -0.89% $200.66 202,991 16 Mar 2023 Direct F3, F4
transaction CDNS Common Stock Sale $489,054 -2,423 -1.2% $201.84 200,568 16 Mar 2023 Direct F3, F5
transaction CDNS Common Stock Sale $281,648 -1,390 -0.69% $202.62 199,178 16 Mar 2023 Direct F3, F6
transaction CDNS Common Stock Tax liability $5,131,338 -25,285 -13% $202.94 173,893 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 +108,390 $0.000000 108,390 15 Mar 2023 Common Stock 108,390 $202.94 Direct F7
* 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 The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $200.25 to $201.16, 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 $201.27 to $202.18, 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 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $202.35 to $202.82, 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.
F7 Option vests at a rate of 1/48th per month.