JOHN M. WALL - 28 Jul 2022 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role: Sr. VP & CFO
Signature: Stephanie Wells, Attorney-in-Fact for John Wall
Issuer symbol: CDNS
Transactions as of: 28 Jul 2022
Net transactions value: -$8,235,867
Form type: 4
Filing time: 01 Aug 2022, 20:40:31 UTC
Previous filing: 21 Mar 2022
Next filing: 17 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CDNS	Common Stock	Options Exercise	$1,647,280	+41,619	+28%	$39.58^*	190,271	28 Jul 2022	Direct	F1
transaction	CDNS	Common Stock	Sale	$9,883,147	-54,943	-29%	$179.88	135,406	28 Jul 2022	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CDNS	135,406	Options Exercise	$0	-41,619	-100%	$0.000000^*	0	28 Jul 2022	Common Stock	41,619	$39.58	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person.
F2	Amount of securities beneficially owned includes 78 shares acquired by the Reporting Person through the Employee Stock Purchase Plan on July 29, 2022.
F3	These options vested at a rate of 1/48th per month starting on March 6, 2018.