Anirudh Devgan - Mar 15, 2023 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Signature
Ahalya Hildreth, Attorney-in-Fact for Anirudh Devgan
Stock symbol
CDNS
Transactions as of
Mar 15, 2023
Transactions value $
-$7,395,365
Form type
4
Date filed
3/17/2023, 06:07 PM
Previous filing
Mar 1, 2023
Next filing
Mar 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Award $0 +38K +22.01% $0.00 210K Mar 15, 2023 Direct F1
transaction CDNS Common Stock Tax liability -$1.13M -5.55K -2.64% $202.94 205K Mar 15, 2023 Direct F2
transaction CDNS Common Stock Sale -$368K -1.83K -0.89% $200.66 203K Mar 16, 2023 Direct F3, F4
transaction CDNS Common Stock Sale -$489K -2.42K -1.19% $201.84 201K Mar 16, 2023 Direct F3, F5
transaction CDNS Common Stock Sale -$282K -1.39K -0.69% $202.62 199K Mar 16, 2023 Direct F3, F6
transaction CDNS Common Stock Tax liability -$5.13M -25.3K -12.69% $202.94 174K 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 +108K $0.00 108K Mar 15, 2023 Common Stock 108K $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.