Sanjay Dhawan - Oct 6, 2021 Form 4 Insider Report for Cerence Inc. (CRNC)

Role
Chief Executive Officer, Director
Signature
Leanne Fitzgerald attorney-in-fact
Stock symbol
CRNC
Transactions as of
Oct 6, 2021
Transactions value $
-$4,578,364
Form type
4
Date filed
10/8/2021, 04:22 PM
Previous filing
Jul 16, 2021
Next filing
Oct 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRNC Common Stock Tax liability -$4.58M -53.4K -20.46% $85.75 208K Oct 6, 2021 Direct F1, F2, F3
* 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 This includes 118 shares purchased pursuant to the Cerence Inc. Employee Stock Purchase Plan ("ESPP"), for the ESPP purchase period of 08/17/2020 through 02/12/2021 In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the issuer's common stock on 02/12/2021.
F3 This includes 62 shares purchased pursuant to the Cerence Inc. Employee Stock Purchase Plan ("ESPP"), for the ESPP purchase period of 02/16/2021 through 08/13/2021 In accordance with the ESPP, these shares were purchased at a price equal to 85% of the closing price of the issuer's common stock on 08/13/2021.