Thomas P. Beckley - May 19, 2023 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Signature
Ahalya Hildreth, Attorney-in-Fact for Thomas Beckley
Stock symbol
CDNS
Transactions as of
May 19, 2023
Transactions value $
-$9,105,463
Form type
4
Date filed
5/23/2023, 05:08 PM
Previous filing
May 22, 2023
Next filing
Aug 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Options Exercise $770K +25K +13.46% $30.79* 211K May 19, 2023 Direct F1
transaction CDNS Common Stock Options Exercise $990K +25K +11.86% $39.58* 236K May 19, 2023 Direct F1
transaction CDNS Common Stock Sale -$1.01M -4.68K -1.99% $215.44 231K May 19, 2023 Direct F1, F2
transaction CDNS Common Stock Sale -$2.78M -12.9K -5.57% $216.42 218K May 19, 2023 Direct F1, F3
transaction CDNS Common Stock Sale -$2.47M -11.4K -5.21% $217.37 207K May 19, 2023 Direct F1, F4
transaction CDNS Common Stock Sale -$4.5M -20.6K -9.98% $218.18 186K May 19, 2023 Direct F1, F5
transaction CDNS Common Stock Sale -$97.4K -445 -0.24% $218.97 186K May 19, 2023 Direct F1, F6

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) Options Exercise $0 -25K -100% $0.00* 0 May 19, 2023 Common Stock 25K $30.79 Direct F7
transaction CDNS Non- Qualified Stock Option (right to buy) Options Exercise $0 -25K -100% $0.00* 0 May 19, 2023 Common Stock 25K $39.58 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 2/17/2023 by the Reporting Person.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $214.82 to $215.81, 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.
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $215.82 to $216.81, 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.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $216.84 to $217.83, 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 $217.85 to $218.84, 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 $218.86 to $219.85, 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 These options vested at a rate of 1/48th per month starting on March 21, 2017.
F8 These options vested at a rate of 1/48th per month starting on March 6, 2018.