Cerence Inc. — Director's Dealing 2019

Oct 3, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Cerence Inc. (CRNC)
CIK: 0001768267
Period of Report: 2019-09-30

Reporting Person: Nuance Communications, Inc. (10% Owner, See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-09-30	Common stock	S	650736	$17.00	Disposed	0	Indirect
2019-09-30	Common stock	A	2470968	—	Acquired	35740709	Direct
2019-10-01	Common stock	J	35740709	$0.00	Disposed	0	Direct

Footnotes

F1: On September 30, 2019, the reporting person contributed a wholly-owned subsidiary to the Issuer in exchange for 2,470,968 shares of the Issuer's common stock.

F2: On October 1, 2019, the reporting person disposed of all 35,740,709 of its shares of the Issuer's common stock ("Cerence Common Stock") issued and outstanding by distributing a pro rata dividend to the reporting person's stockholders one share of Cerence Common Stock for every eight shares of the reporting person's common stock held by each holder of record as of 5:00 p.m., New York City time, on September 17, 2019, to effect the legal and structural separation of the Issuer from the reporting person.

F3: The reporting person was the sole shareholder of Consolidated Mobile Corporation, which held the securities described above.