ANEEL ZAMAN - 17 Mar 2022 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Signature
Stephanie Wells, Attorney-in-Fact for Aneel Zaman
Issuer symbol
CDNS
Transactions as of
17 Mar 2022
Net transactions value
-$3,646,058
Form type
4
Filing time
21 Mar 2022, 21:35:18 UTC
Previous filing
17 Mar 2022
Next filing
02 Jun 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Tax liability $1,748,618 -12,271 -10% $142.50 108,662 17 Mar 2022 Direct F1
transaction CDNS Common Stock Sale $361,833 -2,388 -2.2% $151.52 106,274 18 Mar 2022 Direct F2, F3
transaction CDNS Common Stock Sale $1,535,608 -10,091 -9.5% $152.18 96,183 18 Mar 2022 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to satisfy tax obligations arising out of vesting of PSA.
F2 The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person.
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $151.09 to $152.07, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $152.17 to $152.355, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.