Iqbal Arshad - Jan 9, 2024 Form 4 Insider Report for Cerence Inc. (CRNC)

Role
EVP, CTO
Signature
/s/ Jennifer Salinas Attorney-in-Fact
Stock symbol
CRNC
Transactions as of
Jan 9, 2024
Transactions value $
-$97,483
Form type
4
Date filed
1/9/2024, 05:12 PM
Previous filing
Dec 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRNC Common Stock Sale -$97.5K -5.19K -2.13% $18.79 239K Jan 9, 2024 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 plan 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.