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

Role: Chief Executive Officer, Director
Signature: /s/ Jennifer Salinas, Attorney-in-Fact
Issuer symbol: CRNC
Transactions as of: 31 Jan 2023
Net transactions value: -$85,850
Form type: 4
Filing time: 31 Jan 2023, 15:13:10 UTC
Previous filing: 04 Jan 2023
Next filing: 16 Oct 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CRNC	Common Stock	Sale	$85,850	-3,530	-0.71%	$24.32	490,225	31 Jan 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.