Ortmanns Stefan 4
4 · Cerence Inc. · Filed Oct 16, 2023
Insider Transaction Report
Form 4
Cerence Inc.CRNC
Ortmanns Stefan
Executive Vice President
Transactions
- Sale
Common Stock
2023-10-13$17.97/sh−54,212$974,190→ 436,013 total
Footnotes (1)
- [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.