ANEEL ZAMAN - 01 Aug 2022 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role: Sr. Vice President
Signature: Stephanie Wells, Attorney-in-Fact for Aneel Zaman
Issuer symbol: CDNS
Transactions as of: 01 Aug 2022
Transactions value $: -$417,872
Form type: 4
Filing time: 03 Aug 2022, 19:41:20 UTC
Previous filing: 01 Aug 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	$98,771	+1,746	+1.8%	$56.57^*	98,007	01 Aug 2022	Direct	F1
transaction	CDNS	Common Stock	Options Exercise	$117,824	+1,496	+1.5%	$78.76	99,503	01 Aug 2022	Direct	F1
transaction	CDNS	Common Stock	Options Exercise	$115,108	+834	+0.84%	$138.02	100,337	01 Aug 2022	Direct	F1
transaction	CDNS	Common Stock	Sale	-$749,576	-4,076	-4.1%	$183.9	96,261	01 Aug 2022	Direct	F1

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	Non- Qualified Stock Option (right to buy)	Options Exercise	$0	-1,746	-22%	$0	6,114	01 Aug 2022	Common Stock	1,746	$56.57	Direct	F2
transaction	CDNS	Non- Qualified Stock Option (right to buy)	Options Exercise	$0	-1,496	-9.5%	$0	14,215	01 Aug 2022	Common Stock	1,496	$78.76	Direct	F3
transaction	CDNS	Non- Qualified Stock Option (right to buy)	Options Exercise	$0	-834	-6.1%	$0	12,924	01 Aug 2022	Common Stock	834	$138.02	Direct	F4

* 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	These options vested at a rate of 1/48th per month starting on March 22, 2019.
F3	These options vested at a rate of 1/48th per month starting on March 14, 2020.
F4	These options vested at a rate of 1/48th per month starting on March 25, 2021.