Form 4: Sprinklr CFO Sells Shares for Tax Obligations

Sprinklr's Chief Financial Officer, Manish Sarin, sold 37,008 shares of Class A Common Stock to cover statutory tax withholding obligations.

Summary

• Manish Sarin, Sprinklr's Chief Financial Officer, reported a transaction involving Class A Common Stock.
• On September 16, 2025, Sarin disposed of 37,008 shares.
• The shares were sold at a weighted average price of $7.75 per share, with individual transaction prices ranging from $7.67 to $7.81.
• This sale was a 'sell to cover' transaction, mandated by the issuer's equity incentive plans to satisfy minimum statutory tax withholding obligations in connection with the vesting of restricted stock units.
• The transaction does not represent a discretionary sale by Mr. Sarin.
• Following this transaction, Mr. Sarin beneficially owns 695,413 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The transaction is a routine, non-discretionary 'sell to cover' for tax purposes, which is a common occurrence for executives receiving equity compensation. It does not signal a lack of confidence in the company, which would be the case for a discretionary sale.

Positives

• The sale was non-discretionary, solely to cover statutory tax withholding obligations, indicating no intent to reduce personal holdings beyond tax requirements.

Future Outlook

NA

Management Comments

• Represents the number of shares required to be sold to cover the statutory tax withholding obligations in connection with the vesting of the restricted stock units.
• This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of minimum statutory tax withholding obligations to be funded by a 'sell to cover' transaction and does not represent a discretionary sale by the Reporting Person.

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal direct impact as it's a non-discretionary tax sale, not a signal of management's view on stock value.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary 'sell to cover' transaction by the CFO for tax purposes related to RSU vesting. Such transactions are common and do not typically indicate a change in management's outlook or a fundamental shift in the company's prospects. Therefore, it provides no new information to warrant a change from a 'hold' position, assuming an investor already holds the stock based on other fundamental analysis.

Keywords

Sprinklr, CXM, Manish Sarin, CFO, Insider Trading, Form 4, Stock Sale, Tax Withholding, Restricted Stock Units, Equity Compensation