Anirudh Devgan - Aug 25, 2023 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role
President and CEO, Director
Signature
Ahalya Hildreth, Attorney-in-Fact for Anirudh Devgan
Stock symbol
CDNS
Transactions as of
Aug 25, 2023
Transactions value $
-$704,171
Form type
4
Date filed
8/29/2023, 06:41 PM
Previous filing
Jun 6, 2023
Next filing
Sep 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Tax liability -$348K -1.5K -1.01% $232.51 146K Aug 25, 2023 Direct F1
transaction CDNS Common Stock Sale -$356K -1.52K -1.04% $233.97 145K Aug 28, 2023 Direct F2
* 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 Shares withheld to satisfy tax obligations arising out of vesting of Performance Stock Award.
F2 The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 12/2/2022 by the Reporting Person.