| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CDNS | Common Stock | Tax liability | -$300K | -1.28K | -1.94% | $234.08 | 64.8K | Sep 15, 2023 | Direct | F1 |
| transaction | CDNS | Common Stock | Sale | -$307K | -1.3K | -2.01% | $235.66 | 63.5K | Sep 19, 2023 | Direct | F2 |
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).
| 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 5/2/2023 by the Reporting Person. |