Form 4 for CDNS Cadence Design Systems
Accepted 2024-03-19 00:00:00 ET · period of report 2024-03-15 · accession 0000813672-24-000070 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-03-19 | 2024-03-15 | CDNS | DEVGAN ANIRUDH | Pres, CEO, Dir | A - Grant | $0.00 | +29.1K | 116.3K | +33% | $0 |
| D | 2024-03-19 | 2024-03-15 | CDNS | DEVGAN ANIRUDH | Pres, CEO, Dir | F - Tax | $298.44 | -49.2K | 87.2K | -36% | -$14.69M |
| DM | 2024-03-19 | 2024-03-18 | CDNS | DEVGAN ANIRUDH | Pres, CEO, Dir | S - Sale | $302.50 | -48.5K | 70.8K | -41% | -$14.68M |
| D | 2024-03-19 | 2024-03-15 | CDNS | DEVGAN ANIRUDH | Pres, CEO, Dir | A - Grant | $0.00 | +83.1K | 83.1K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-03-15 | A | A | 29,105 | $0.00 | 116,345 | D | — | — | (F2) Grant of Performance-Based Incentive Stock Award. |
| 2 | Common | Common Stock | 2024-03-15 | F | D | 49,215 | $298.44 | 87,240 | D | — | — | (F1) Shares withheld to satisfy tax obligations arising out of vesting of Performance Stock Award. |
| 3 | Common | Common Stock | 2024-03-18 | S | D | 3,014 | $303.58 | 67,812 | D | — | — | (F3) The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on June 14, 2023 and modified on September 13, 2023 by the Reporting Person. (F7) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $303.32 to $303.94, 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. |
| 4 | Common | Common Stock | 2024-03-18 | S | D | 3,757 | $300.73 | 112,588 | D | — | — | (F3) The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on June 14, 2023 and modified on September 13, 2023 by the Reporting Person. (F4) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $300.26 to $300.95, 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. |
| 5 | Common | Common Stock | 2024-03-18 | S | D | 10,013 | $302.03 | 102,575 | D | — | — | (F3) The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on June 14, 2023 and modified on September 13, 2023 by the Reporting Person. (F5) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $301.32 to $302.31, 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. |
| 6 | Common | Common Stock | 2024-03-18 | S | D | 31,749 | $302.75 | 70,826 | D | — | — | (F3) The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on June 14, 2023 and modified on September 13, 2023 by the Reporting Person. (F6) The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $302.32 to $303.31, 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. |
| 7 | Derivative | Non-Qualified Stock Option (right to buy) | 2024-03-15 | A | A | 83,145 | $0.00 | 83,145 | D | $298.44 · — to 2031-03-15 | 83,145 Common Stock | (F8) Option vests at a rate of 1/48th per month. |