CADENCE DESIGN SYSTEMS INC — Director's Dealing 2023

May 23, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CADENCE DESIGN SYSTEMS INC (CDNS)
CIK: 0000813672
Period of Report: 2023-05-19

Reporting Person: BECKLEY THOMAS P (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-19	Common Stock	M	25000	$30.79	Acquired	210761	Direct
2023-05-19	Common Stock	M	25000	$39.58	Acquired	235761	Direct
2023-05-19	Common Stock	S	4682	$215.4392	Disposed	231079	Direct
2023-05-19	Common Stock	S	12860	$216.4201	Disposed	218219	Direct
2023-05-19	Common Stock	S	11366	$217.3661	Disposed	206853	Direct
2023-05-19	Common Stock	S	20647	$218.1838	Disposed	186206	Direct
2023-05-19	Common Stock	S	445	$218.9665	Disposed	185761	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-19	Non- Qualified Stock Option (right to buy)	$30.79	M	25000	Disposed	2024-02-21	Common Stock (25000)	Direct
2023-05-19	Non- Qualified Stock Option (right to buy)	$39.58	M	25000	Disposed	2025-02-06	Common Stock (25000)	Direct

Footnotes

F1: The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 Trading Plan adopted on 2/17/2023 by the Reporting Person.

F2: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $214.82 to $215.81, 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.

F3: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $215.82 to $216.81, 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.

F4: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $216.84 to $217.83, 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 $217.85 to $218.84, 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: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $218.86 to $219.85, 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.

F7: These options vested at a rate of 1/48th per month starting on March 21, 2017.

F8: These options vested at a rate of 1/48th per month starting on March 6, 2018.