Stefan Ortmanns - Jan 31, 2023 Form 4 Insider Report for Cerence Inc. (CRNC)

Role: Chief Executive Officer, Director
Signature: /s/ Jennifer Salinas, Attorney-in-Fact
Stock symbol: CRNC
Transactions as of: Jan 31, 2023
Transactions value $: -$85,850
Form type: 4
Date filed: 1/31/2023, 03:13 PM
Previous filing: Jan 4, 2023
Next filing: Oct 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CRNC	Common Stock	Sale	-$85.8K	-3.53K	-0.71%	$24.32	490K	Jan 31, 2023	Direct	F1

* 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.

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.