Dhawan Sanjay 4
4 · Cerence Inc. · Filed May 19, 2021
Insider Transaction Report
Form 4
Cerence Inc.CRNC
Dhawan Sanjay
DirectorChief Executive Officer
Transactions
- Sale
Common Stock
2021-05-17$84.12/sh−200$16,824→ 315,022 total - Sale
Common Stock
2021-05-17$82.99/sh−8,207$681,099→ 315,222 total
Footnotes (4)
- [F1]This sale was affected pursuant to a Rule 10b5-1 trading plan adopted on 2/23/2021.
- [F2]The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $82.70 to $83.355 per share. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.
- [F3]The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $84.00 to $84.24 per share. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Company or a security holder of the Company, full information regarding the number of shares sold at each separate price.
- [F4]These shares are pursuant to a performance-based restricted stock unit agreement with the Company whereby targets defined by the Compensation Committee were deemed to be achieved for fiscal year 2020.