Form 4: Neeraj Agrawal of Sprinklr, Inc. Reports Conversion of Class B Common Stock to Class A Common Stock

Neeraj Agrawal, a director and 10% owner of Sprinklr, Inc., reported the conversion of Class B common stock into Class A common stock on April 4, 2024.

Summary

• On April 4, 2024, Neeraj Agrawal, a director and 10% owner of Sprinklr, Inc., filed a Form 4 with the SEC.
• The report details the conversion of 5,300,000 shares of Class B common stock into Class A common stock.
• Additionally, 53,000 shares of Class B common stock were converted into Class A common stock.
• The filing also reflects indirect ownership through various entities such as Battery Ventures IX, L.P., Battery Investment Partners IX, LLC, Battery Ventures Select Fund I, L.P., and Battery Investment Partners Select Fund I, L.P.
• Agrawal also directly owns 971,837 shares of Class A Common Stock and indirectly owns 1,505 shares via a trust.
• The report clarifies the nature of beneficial ownership and disclaims any admission of beneficial ownership except to the extent of pecuniary interest.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It reflects standard insider activity.

Industry Context

Form 4 filings are standard practice for insiders of publicly traded companies to report changes in their ownership. This filing indicates changes in the type of shares held by a significant shareholder and director of Sprinklr.

Stakeholder Impact

• The conversion of Class B shares to Class A shares could have a minor impact on shareholders due to the change in voting rights associated with the shares.
• The conversion of shares has no impact on employees, customers, suppliers, or creditors.

Key Dates