Mark Adams - 25 Feb 2022 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role
Director
Signature
Ahalya Hildreth, Attorney-in-Fact for Mark Adams
Issuer symbol
CDNS
Transactions as of
25 Feb 2022
Net transactions value
-$96,320
Form type
4
Filing time
03 Nov 2023, 18:55:35 UTC
Previous filing
24 Jan 2022
Next filing
22 Apr 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Gift $0 -1,377 -56% $0.000000 1,073 25 Feb 2022 Direct F1
transaction CDNS Common Stock Gift $0 +1,377 +14% $0.000000 11,407 25 Feb 2022 Held by Trust F1, F2
transaction CDNS Common Stock Sale $96,320 -400 -3.5% $240.80 11,007 01 Nov 2023 Held by Trust F2, F3
* 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 transferred to the Adams Family Trust dated 10/27/2000.
F2 Shares held by the Adams Family Trust dated 10/27/2000.
F3 The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 5/9/2023 by the Reporting Person.