Karna Nisewaner - Mar 17, 2025 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role
SVP & General Counsel
Signature
/s/ Ahalya Hildreth, Attorney-in- Fact for Karna Nisewaner
Stock symbol
CDNS
Transactions as of
Mar 17, 2025
Transactions value $
-$1,583,914
Form type
4
Date filed
3/19/2025, 06:39 PM
Previous filing
Feb 20, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Sale -$456K -1.85K -12.04% $246.25 13.5K Mar 17, 2025 Direct F1
transaction CDNS Common Stock Tax liability -$443K -1.74K -12.85% $255.11 11.8K Mar 17, 2025 Direct F2
transaction CDNS Common Stock Award $0 +9.9K +84.06% $0.00 21.7K Mar 17, 2025 Direct F3
transaction CDNS Common Stock Tax liability -$59.2K -232 -1.07% $255.11 21.4K Mar 17, 2025 Direct F4
transaction CDNS Common Stock Award $0 +4.95K +23.08% $0.00 26.4K Mar 17, 2025 Direct F3
transaction CDNS Common Stock Tax liability -$626K -2.45K -9.3% $255.11 23.9K Mar 17, 2025 Direct F4
* 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 9/12/2024 by the Reporting Person.
F2 Shares withheld to satisfy tax obligations arising out of vesting of Performance-Based Incentive Stock Awards.
F3 Represents Performance-Based Restricted Stock Units that have met the performance criteria.
F4 Shares withheld to satisfy tax obligations arising out of vesting of Performance-Based Restricted Stock Units that have met the performance criteria.