Cerence Inc. — Director's Dealing 2019

Oct 4, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Cerence Inc. (CRNC)
CIK: 0001768267
Period of Report: 2019-10-02

Reporting Person: Ortmanns Stefan (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-10-02	Common stock	A	10287	$0.00	Acquired	12399	Direct
2019-10-02	Common stock	A	5502	$0.00	Acquired	17901	Direct
2019-10-02	Common stock	A	31618	$0.00	Acquired	49519	Direct
2019-10-02	Common stock	A	31777	$0.00	Acquired	81296	Direct
2019-10-02	Common stock	A	47429	$0.00	Acquired	128725	Direct
2019-10-02	Common stock	A	10287	$0.00	Acquired	139012	Direct
2019-10-02	Common stock	A	5502	$0.00	Acquired	144514	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock	2112	Direct

Footnotes

F1: On October 1, 2019, Nuance Communications, Inc. ("Nuance") made a pro rata distribution to Nuance's stockholders of record as of 5:00 p.m. New York City time on September 17, 2019 one share of common stock, par value of $0.01 per share, of Cerence Inc., a Delaware corporation ("Cerence"), for every eight shares of Nuance common stock, par value $0.001 per share, held by each holder to effect the legal and structural separation of Cerence from Nuance. The reporting person received a distribution from Nuance of 2,112 shares of Cerence common stock.

F2: Grant of restricted stock units under the Cerence 2019 Stock Incentive Plan in connection with the conversion of certain equity incentive awards previously granted by Nuance into equity awards of Cerence with respect to Cerence common stock.

F3: The restricted stock units will vest 100% on September 30, 2020.

F4: The restricted stock units will vest in two equal annual installments beginning on November 6, 2020.

F5: The restricted stock units will vest 100% on November 6, 2020.

F6: The restricted stock units will vest 100% on November 6, 2021.