The Form 4 filing, an SEC report of an insider's stock activity, was filed on October 13, 2026. The sale took place four days earlier, on October 9. It names Brian M. Krzanich, chief executive of Cerence Inc. (CRNC).
He reported 1,568,673 shares owned after the sale. The transaction details also point to a possible link with covering taxes or paying to use a stock option. Stock options give someone the right to buy shares at a set price.
Transaction details
| Transaction | |
|---|---|
| Date of Earliest Transaction | 2026-10-09 |
| Date of Latest Transaction | 2026-10-09 |
| Buy/Sell | sell |
| Transaction Count | 1 |
| Shares Transacted | 131,715 |
| Price | $8.26 |
| Total Transaction Value | $1,087,965.90 |
| Insider | |
| Ticker Symbol | CRNC |
| Company | Cerence Inc. |
| Insider Name | Krzanich Brian M |
| Insider Title | Chief Executive Officer |
| Sector - Industry | Other - Unclassified |
| Holdings | |
| Total Shares Owned After Transaction | 1,568,673 |
| Position Size Change | 7.75% |
| Filing | |
| Filing Date | 2026-10-13 |
| SEC Link | View filing |
FAQ
What type of transaction is this?
This was a share sale, reported with transaction code S. It involved one transaction.
What was the average price of the transaction?
The reported average sale price was $8.26 per share for the 131,715 shares sold.
How did this transaction affect the insider's holdings?
Brian M. Krzanich sold 131,715 shares and reported 1,568,673 shares owned afterward. The sale represented 7.75% of the shares he held before the trade.
What's the total transaction value?
The total reported value was $1,087,965.90 for the single sale.
Are there any special circumstances around this transaction?
The sale has a possible link with paying taxes or the cost of buying shares through a stock option. No footnote text was available to confirm the purpose or explain how any payment worked. The details do not establish that taxes were the only purpose or confirm that a stock-option exercise took place.
For research purposes only; not investment advice.