Form 4: Sprinklr CFO Manish Sarin Sells Shares to Cover Tax Obligations

Sprinklr's CFO, Manish Sarin, sold shares of Class A Common Stock to cover statutory tax withholding obligations related to the vesting of restricted stock units.

Summary

• On September 16 and 17, 2024, Manish Sarin, the CFO of Sprinklr, Inc., sold shares of Class A Common Stock.
• These sales were executed to cover statutory tax withholding obligations associated with the vesting of restricted stock units.
• The sales were not discretionary but mandated by Sprinklr's equity incentive plan.
• On September 16, 2024, 22,738 shares were sold at a weighted average price of $7.83.
• On September 17, 2024, 5,750 shares were sold at a weighted average price of $7.84.
• Following these transactions, Sarin directly owns 743,168 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction (selling shares to cover taxes). It's neutral from an investment perspective as it doesn't indicate a change in the company's fundamentals or management's confidence.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.

Stakeholder Impact

• The sale of shares by the CFO could have a minor, temporary impact on the stock price due to increased selling pressure, but it's unlikely to be significant given the reason for the sale.

Key Dates