Sanjay Dhawan - May 17, 2021 Form 4 Insider Report for Cerence Inc. (CRNC)

Signature
/s/ Leanne Fitzgerald attorney-in-fact
Stock symbol
CRNC
Transactions as of
May 17, 2021
Transactions value $
-$697,923
Form type
4
Date filed
5/19/2021, 04:29 PM
Next filing
Jun 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRNC Common Stock Sale -$681K -8.21K -2.54% $82.99 315K May 17, 2021 Direct F1, F2, F4
transaction CRNC Common Stock Sale -$16.8K -200 -0.06% $84.12 315K May 17, 2021 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This sale was affected pursuant to a Rule 10b5-1 trading plan adopted on 2/23/2021.
F2 The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $82.70 to $83.355 per share. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.
F3 The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $84.00 to $84.24 per share. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.
F4 These shares are pursuant to a performance-based restricted stock unit agreement with the Company whereby targets defined by the Compensation Committee were deemed to be achieved for fiscal year 2020.