Per the Amended and Restated Certificate of Incorporation, which was adopted on October 1, 2019, 600,000,000 shares of capital stock have been authorized, consisting of 40,000,000 shares of Preferred Stock, par value $0.01 per share, or Preferred Stock, and 560,000,000 shares of Common Stock, par value $0.01 per share, or Common Stock.

On October 2, 2019, we registered the issuance of 6,350,000 shares of Common Stock, consisting of 5,300,000 shares of Common Stock reserved for issuance upon the exercise of options granted, or in respect of awards granted, under the Cerence 2019 Equity Incentive Plan, or Equity Incentive Plan, and 1,050,000 shares of Common Stock that are reserved for issuance under the Cerence 2019 Employee Stock Purchase Plan, or the ESPP.

The Equity Incentive Plan provides for the grant of incentive stock options, stock awards, stock units, stock appreciation rights, and certain other stock-based awards. Awards issued under the Plan may not have a term greater than ten years from the date of grant.

In connection with the Spin-Off from Nuance, all outstanding Nuance restricted stock units and performance stock units held by Cerence employees were cancelled, and Cerence regranted such employees economically equivalent restricted stock units of Cerence. 1,208,931 restricted stock units were issued by Cerence in connection with the Spin-Off.

Information with respect to our non-vested restricted stock units for the three months ended December 31, 2019 was as follows:

	Non-Vested Restricted Stock Units
	Time-Based Shares			Performance- Based Shares		Total Shares			Weighted- Average Grant-Date Fair Value		Weighted- Average Remaining Contractual Term (years)		Aggregate Intrinsic Value (in thousands)
Non-vested at October 1, 2019		—			—		—		$	—
Granted		2,668,702			768,192		3,436,894		$	16.19
Vested		(21,022	)		—		(21,022	)	$	17.74
Forfeited		(10,004	)		—		(10,004	)	$	17.74
Non-vested at December 31, 2019		2,637,676			768,192		3,405,868		$	16.18		1.48	$	77,063
Expected to vest							3,405,868		$	16.18		1.48	$	77,063

Stock-based compensation was included in the following captions in our consolidated statements of operations for the three months ended December 31, 2019 and combined statement of operations for the three months ended December 31, 2018 (in thousands):

	Three Months Ended December 31,
	2019		2018
Cost of licensing	$	—	$	5
Cost of connected services		352		128
Cost of professional services		871		247
Research and development		2,975		3,454
Sales and marketing		1,590		1,468
General and administrative		3,181		1,272
	$	8,969	$	6,574