Schanz Nils 4
4 · Cerence Inc. · Filed Oct 9, 2024
Insider Transaction Report
Form 4
Cerence Inc.CRNC
Schanz Nils
EVP Product & Technology
Transactions
- Sale
Common Stock
2024-10-07$2.89/sh−15,848$45,801→ 67,980 total - Sale
Common Stock
2024-10-09$3.59/sh−16,411$58,915→ 51,569 total
Footnotes (2)
- [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.
- [F2]The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 12/14/2023.