Sanjay Dhawan - 16 Nov 2021 Form 4 Insider Report for Cerence Inc. (CRNC)

Role: Chief Executive Officer, Director
Signature: Leanne Fitzgerald attorney-in-fact
Issuer symbol: CRNC
Transactions as of: 16 Nov 2021
Transactions value $: -$6,764,435
Form type: 4
Filing time: 18 Nov 2021, 15:18:05 UTC
Previous filing: 15 Nov 2021
Next filing: 24 Nov 2021
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	-$6.76M	-65.7K	-18.8%	$103.03	284K	16 Nov 2021	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 PSUs. 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 PSUs. 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.