Karna Nisewaner - Mar 15, 2023 Form 4 Insider Report for CADENCE DESIGN SYSTEMS INC (CDNS)

Role
Corporate VP, General Counsel
Signature
Ahalya Hildreth, Attorney-in-Fact for Karna Nisewaner
Stock symbol
CDNS
Transactions as of
Mar 15, 2023
Transactions value $
-$47,175
Form type
4
Date filed
3/17/2023, 05:52 PM
Previous filing
Mar 8, 2023
Next filing
Apr 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDNS Common Stock Award $0 +7.35K +48.11% $0.00 22.6K Mar 15, 2023 Direct F1
transaction CDNS Common Stock Tax liability -$47.2K -227 -1% $207.82 22.4K Mar 16, 2023 Direct 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 Non Qualified Stock Option (right to buy) Award $0 +10.8K $0.00 10.8K Mar 15, 2023 Common Stock 10.8K $202.94 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of Performance-Based Incentive Stock Award.
F2 Shares withheld to satisfy tax obligations arising out of vesting of Performance Stock Awards.
F3 Option vests at a rate of 1/48th per month.