Karna Nisewaner - Apr 5, 2023 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role
Corporate VP, General Counsel
Signature
Ahalya Hildreth, Attorney-in-Fact for Karna Nisewaner
Stock symbol
CDNS
Transactions as of
Apr 5, 2023
Transactions value $
-$21,012
Form type
4
Date filed
4/7/2023, 05:08 PM
Previous filing
Mar 17, 2023
Next filing
May 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Sale -$21K -100 -0.45% $210.12 22.3K Apr 5, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 11/17/2022 by the Reporting Person.