Form 4: Cadence Design Systems SVP & General Counsel Karna Nisewaner Reports Stock Transactions

Karna Nisewaner, SVP & General Counsel of Cadence Design Systems, reports the disposition of shares to cover tax obligations and a sale under a pre-arranged 10b5-1 trading plan.

Summary

• Karna Nisewaner, a Senior Vice President and General Counsel at Cadence Design Systems, filed a Form 4 detailing changes in beneficial ownership.
• On September 16, 2024, 929 shares of common stock were disposed of to satisfy tax obligations related to the vesting of a Performance Stock Award at a price of $273.13.
• On September 17, 2024, 659 shares of common stock were sold at a price of $275.98.
• The sale on September 17, 2024, was executed under a Rule 10b5-1 trading plan adopted on August 9, 2023.
• Following these transactions, Nisewaner directly owns 16,029 shares of Cadence Design Systems stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects routine transactions related to tax obligations and a pre-arranged trading plan.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The use of a 10b5-1 trading plan is a common practice to avoid accusations of insider trading.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on stakeholders as they are routine and related to tax obligations and a pre-arranged trading plan.

Key Dates