Paul Cunningham - Jul 3, 2023 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role: Sr. Vice President
Signature: Ahalya Hildreth, Attorney-in-Fact for Paul Cunningham
Stock symbol: CDNS
Transactions as of: Jul 3, 2023
Transactions value $: -$234,100
Form type: 4
Date filed: 7/6/2023, 06:00 PM
Previous filing: Jun 5, 2023
Next filing: Jul 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CDNS	Common Stock	Sale	-$234K	-1K	-1.04%	$234.10	95.1K	Jul 3, 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 2/22/2023 by the Reporting Person.

Remarks:

Exhibit List - Exhibit 24 - Power of Attorney