CADENCE DESIGN SYSTEMS INC — Director's Dealing 2022

May 5, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CADENCE DESIGN SYSTEMS INC (CDNS)
CIK: 0000813672
Period of Report: 2022-05-03

Reporting Person: TAN LIP BU (Director, Executive Chair)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-03	Common Stock	S	16123	$151.3954	Disposed	1291145	Indirect
2022-05-03	Common Stock	S	32795	$152.3134	Disposed	1258350	Indirect
2022-05-03	Common Stock	S	21082	$152.9782	Disposed	1237268	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15000	Indirect
Common Stock	7000	Indirect
Common Stock	31400	Indirect
Common Stock	652176	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $150.78 to $151.77, 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.

F2: Shares held by the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.

F3: The footnotes in Column 7 identifying the Shares held by each of A&E Investment LLC and the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992 were inadvertently reversed as of the Form 4 filed on February 25, 2022 and corrected as of this Form 4.

F4: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $151.78 to $152.77, 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.

F5: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $152.78 to $153.44, 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.

F6: Shares held by A&E Investment LLC, the sole member of which is the Lip-Bu Tan and Ysa Loo Trust dated 2/3/1992.

F7: Shares held by L Tan & N Lee TTEE, Pacven Walden Inc. 401(K) PSPS, FBO Lip-Bu Tan.

F8: Shares held by IRA FBO Lip-Bu Tan DB Securities Inc. Custodian Rollover Account DTD 5/19/1997.