Thomas L. Beaudoin - Oct 6, 2023 Form 4 Insider Report for Cerence Inc. (CRNC)

Role
EVP, CFO, Director
Signature
/s/ Jennifer Salinas, Attorney-in-Fact
Stock symbol
CRNC
Transactions as of
Oct 6, 2023
Transactions value $
-$245,024
Form type
4
Date filed
10/10/2023, 04:20 PM
Previous filing
May 9, 2023
Next filing
Nov 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRNC Common Stock Sale -$245K -12.8K -6.03% $19.15 199K Oct 6, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 12,795 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 Includes 574 shares acquired on 8/15/2023 under the Cerence Inc. 2019 Employee Stock Purchase Plan.