CRNC Form 144 Notice — 4,000 Restricted Shares to Be Sold via Morgan Stanley
Rhea-AI Filing Summary
Cerence Inc. (CRNC) filed a Form 144 notice reporting a proposed sale of 4,000 shares of common stock, with an aggregate market value of $50,943.20. The shares are part of an issuance recorded as restricted stock acquired from the issuer on 10/01/2024 and were paid in full on that date. The filing names Morgan Stanley Smith Barney LLC as the broker and lists an approximate sale date of 08/14/2025 on the NASDAQ. Total shares outstanding are reported as 43,319,651. The filer affirms they do not possess undisclosed material adverse information about the issuer.
Positive
- None.
Negative
- None.
Insights
TL;DR: Small insider sale notice — 4,000 shares (~$50.9k) proposed for sale; immaterial relative to outstanding stock.
The Form 144 documents a proposed disposition of 4,000 restricted shares acquired from the issuer on 10/01/2024. With 43,319,651 shares outstanding, this block represents roughly 0.009% of the outstanding stock, indicating limited market impact. The use of a major broker and a future approximate sale date are routine. The filing includes the standard representation that no undisclosed material adverse information is known to the seller.
TL;DR: Filing appears procedurally complete for Rule 144 notice; broker and acquisition details are provided.
The notice includes required details: class, number of shares, aggregate market value, acquisition date and nature (restricted stock), broker identity, and an approximate sale date. The signer provides the customary certification about material information. No reportable sales in the prior three months are listed. From a compliance perspective, the document contains the essential disclosures for a Rule 144 notification.