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

Manish Sarin, CFO of Sprinklr, Inc., sold 27,938 shares of Class A Common Stock on June 17, 2024, to cover statutory tax withholding obligations related to vesting restricted stock units.

Summary

• On June 17, 2024, Manish Sarin, the Chief Financial Officer of Sprinklr, Inc., sold 27,938 shares of Class A Common Stock.
• The sale was executed to cover statutory tax withholding obligations associated with the vesting of restricted stock units.
• The shares were sold at a weighted average price of $8.87, with individual transactions ranging from $8.83 to $8.90.
• Following the transaction, Sarin directly owns 771,656 shares of Sprinklr's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (sale of shares to cover taxes) and doesn't inherently indicate positive or negative sentiment regarding the company's performance.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and do not necessarily indicate a negative outlook on the company's future.

Stakeholder Impact

• The sale of shares by an executive could be perceived neutrally or slightly negatively by shareholders, although it is a common practice for covering tax obligations.
• The company's equity incentive plans require the satisfaction of minimum statutory tax withholding obligations to be funded by a 'sell to cover' transaction.

Key Dates