Cerence Announces Equity Grant to Employee Under Inducement Plan Pursuant to Nasdaq Listing Rule 5635(c)(4)

Rhea-AI Summary

Cerence (NASDAQ: CRNC) announced an equity inducement tied to a new hire. Effective Oct 8, 2025, Raja Bose was appointed Vice President, Global Product Management and received 63,397 time-based restricted stock units.

The RSUs vest in three equal installments on each of the first three anniversaries of the grant date and are contingent on Mr. Bose's continued service through each vesting date. The award was granted as an inducement under Nasdaq Listing Rule 5635(c)(4).

BURLINGTON, Mass., Oct. 10, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (the “Company” or “Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced that, in connection with Raja Bose’s recent appointment as Vice President, Global Product Management, effective October 8, 2025, the Company granted Mr. Bose 63,397 time-based restricted stock units. The restricted stock units will vest in three equal installments on each of the first three anniversaries of the grant date, in each case subject to Mr. Bose’s continued service with the Company through the applicable vesting date. These restricted stock units were granted as an inducement material to Mr. Bose entering into employment with the Company pursuant to Rule 5635(c)(4) of the Nasdaq Listing Rules.

To learn more about Cerence AI, visit www.cerence.ai, and follow the company on LinkedIn.

About Cerence Inc.
Cerence Inc. (NASDAQ: CRNC) is a global industry leader in creating intuitive, seamless, AI-powered experiences across automotive and transportation. Leveraging decades of innovation and expertise in voice, generative AI, and large language models, Cerence powers integrated experiences that create safer, more connected, and more enjoyable journeys for drivers and passengers alike. With more than 525 million cars shipped with Cerence technology, the company partners with leading automakers, transportation OEMs, and technology companies to advance the next generation of user experiences. Cerence is headquartered in Burlington, Massachusetts, with operations globally and a worldwide team dedicated to pushing the boundaries of AI innovation. For more information, visit www.cerence.ai.

Contact Information

For Media: press@cerence.com

For Investors: cerence@pondel.com

FAQ

What equity did Cerence (CRNC) grant Raja Bose on Oct 10, 2025?

Cerence granted Raja Bose 63,397 time-based restricted stock units as an inducement under Nasdaq Rule 5635(c)(4).

When did Raja Bose's Cerence (CRNC) appointment become effective?

Raja Bose's appointment as Vice President, Global Product Management became effective on Oct 8, 2025.

How do the restricted stock units granted by Cerence (CRNC) vest?

The RSUs vest in three equal installments on each of the first three anniversaries of the grant date, subject to continued service.

Why were the RSUs granted under Nasdaq Rule 5635(c)(4) for CRNC?

They were granted as an inducement material to Raja Bose entering employment, consistent with Nasdaq Listing Rule 5635(c)(4).

Does the grant of RSUs to Raja Bose immediately transfer shares for Cerence (CRNC)?

No; the grant vests over three years and shares are issued only as each RSU tranche vests and subject to continued service.

Where can investors find more information about Cerence (CRNC) and this grant?

Investors can visit www.cerence.ai or follow the company on LinkedIn for company disclosures and updates.