Stefan Ortmanns - 12 Jan 2024 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: 12 Jan 2024
Net transactions value: -$230,003
Form type: 4
Filing time: 12 Jan 2024, 16:15:59 UTC
Previous filing: 05 Dec 2023
Next filing: 15 Mar 2024
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	$230,003	-11,942	-2%	$19.26	573,985	12 Jan 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.

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 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.