Nils Schanz - Oct 7, 2024 Form 4 Insider Report for Cerence Inc. (CRNC)

Role: EVP Product & Technology
Signature: /s/ Jennifer Salinas, Attorney-in-Fact
Stock symbol: CRNC
Transactions as of: Oct 7, 2024
Transactions value $: -$104,716
Form type: 4
Date filed: 10/9/2024, 05:51 PM
Previous filing: Aug 9, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CRNC	Common Stock	Sale	-$45.8K	-15.8K	-18.91%	$2.89	68K	Oct 7, 2024	Direct	F1
transaction	CRNC	Common Stock	Sale	-$58.9K	-16.4K	-24.14%	$3.59	51.6K	Oct 9, 2024	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F2	The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 12/14/2023.

Content

Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.

The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 12/14/2023.