Form 4: Battery Partners IX, LLC Reports In-Kind Distribution of Sprinklr, Inc. Shares
SEC Form 4 Filing
Battery Partners IX, LLC reports an in-kind distribution of Sprinklr, Inc. (CXM) Class A Common Stock to its partners and members, indicating a shift in ownership without a purchase or sale.
Summary
- Battery Partners IX, LLC, along with Battery Ventures IX, L.P. and Battery Investment Partners IX, LLC, filed a Form 4 regarding changes in beneficial ownership of Sprinklr, Inc. (CXM) shares.
- The report indicates a pro rata, in-kind distribution of Class A Common Stock by Battery Ventures IX, L.P. to its general partner and limited partners, and by Battery Investment Partners IX, LLC to its members.
- These distributions did not involve a purchase or sale of securities and were made without additional consideration.
- Battery Partners IX, LLC received 860,448 shares of Class A Common Stock in the distribution.
- Following the reported transactions, Battery Ventures IX, L.P. indirectly owns 6,236,367 shares, Battery Investment Partners IX, LLC indirectly owns 59,352 shares, and Battery Partners IX, LLC directly owns 0 shares.
- The filing clarifies that the reporting persons disclaim beneficial ownership of these securities except to the extent of their pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to the distribution of shares. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing reflects ongoing portfolio management activities by venture capital firms like Battery Ventures, which often involve distributing shares of portfolio companies to their limited partners as part of the fund's lifecycle.
Stakeholder Impact
- The distribution of shares may result in a broader distribution of ownership among the partners and members of the Battery Ventures funds.
- This event is unlikely to have a direct impact on Sprinklr's employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 04/10/2025 | Date of the earliest transaction (in-kind distribution of shares). |
| 04/14/2025 | Date of signature for the Form 4 filings by Christopher Schiavo as Attorney-in-Fact. |
Keywords
Form 4, Sprinklr, CXM, Battery Partners IX, LLC, Battery Ventures IX, L.P., Battery Investment Partners IX, LLC, in-kind distribution, beneficial ownership, Class A Common Stock
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