Nils Schanz - 07 Oct 2024 Form 4 Insider Report for Cerence Inc. (CRNC)

Signature
/s/ Jennifer Salinas, Attorney-in-Fact
Issuer symbol
CRNC
Transactions as of
07 Oct 2024
Net transactions value
-$104,716
Form type
4
Filing time
09 Oct 2024, 17:51:00 UTC
Previous filing
09 Aug 2024
Next filing
15 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRNC Common Stock Sale $45,801 -15,848 -19% $2.89 67,980 07 Oct 2024 Direct F1
transaction CRNC Common Stock Sale $58,915 -16,411 -24% $3.59 51,569 09 Oct 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.