Form 4: Sprinklr CFO Sells Shares to Cover Tax Obligations Following RSU Vesting

Sprinklr, Inc.'s Chief Financial Officer, Manish Sarin, sold 35,744 shares of Class A Common Stock at a weighted average price of $8.17 per share to satisfy tax withholding obligations related to the vesting of restricted stock units.

Summary

• Manish Sarin, the Chief Financial Officer of Sprinklr, Inc. (CXM), reported a transaction involving the sale of company stock.
• On June 16, 2025, Mr. Sarin disposed of 35,744 shares of Sprinklr Class A Common Stock.
• The shares were sold at a weighted average price of $8.17 per share, with individual transaction prices ranging from $7.99 to $8.25.
• Following this transaction, Mr. Sarin beneficially owns 932,238 shares of Class A Common Stock.
• The sale was explicitly stated as non-discretionary, executed solely to cover statutory tax withholding obligations associated with the vesting of restricted stock units, as mandated by Sprinklr's equity incentive plans.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary 'sell to cover' to satisfy tax obligations upon RSU vesting, which is a common and expected event for executives. It does not indicate a change in management's confidence or strategic direction.

Positives

• The transaction is a non-discretionary "sell to cover" to meet tax obligations, indicating a routine event rather than a voluntary divestment of shares by the CFO.
• The CFO continues to hold a substantial number of shares (932,238), demonstrating continued alignment with shareholder interests.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategy. It is a transactional report.

Management Comments

• The filing notes that the sale "does not represent a discretionary sale by the Reporting Person" and was "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."

Industry Context

This Form 4 filing reports a routine insider transaction for tax purposes, common across publicly traded companies when restricted stock units or other equity awards vest. It does not provide information relevant to broader industry trends or competitive dynamics within the customer experience management (CXM) software sector.

Comparison to Industry Standards

• Not applicable. This document reports a standard "sell to cover" transaction for tax purposes, which is a common practice for executives receiving equity compensation across all industries. It does not present financial results or operational metrics that can be compared to specific companies or projects.

Related Party Transactions

• The transaction involves an officer of the company selling shares to cover tax obligations related to equity compensation, which is a common type of related party transaction in the context of executive compensation. However, it is a standard, non-discretionary event.

Stakeholder Impact

• Shareholders: Minimal direct impact. The sale of 35,744 shares is a small fraction of the company's total outstanding shares and is a routine tax-related transaction, not a signal of lack of confidence. The CFO retains a significant stake.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific transaction.

Key Dates

Keywords

Sprinklr, CXM, Manish Sarin, Chief Financial Officer, CFO, SEC Form 4, Insider Trading, Stock Sale, Restricted Stock Units, RSU Vesting, Tax Withholding, Equity Incentive Plan