Form 4: Sprinklr Chief Accounting Officer Sells Shares to Cover Tax Obligations

Sprinklr, Inc.'s Chief Accounting Officer, Marlise Ricci, executed a non-discretionary sale of 18,706 Class A Common Stock shares at a weighted average price of $8.17 to satisfy tax withholding obligations related to restricted stock unit vesting.

Summary

• Marlise Ricci, Chief Accounting Officer of Sprinklr, Inc. (CXM), reported a transaction on June 16, 2025.
• She disposed of 18,706 shares of Class A Common Stock.
• The shares were sold at a weighted average price of $8.17, with prices ranging from $7.99 to $8.25.
• This sale was a "sell to cover" transaction, mandated by the Issuer's equity incentive plans to satisfy statutory tax withholding obligations upon the vesting of restricted stock units, and was not a discretionary sale.
• Following this transaction, Ms. Ricci beneficially owns 279,104 shares of Class A Common Stock.
• Additionally, 2,782 shares were acquired under the Issuer's employee stock purchase plan on June 13, 2025.

Sentiment

Score: 6

Explanation: The transaction is a routine 'sell to cover' for tax purposes, which is neutral. However, the underlying RSU vesting and ESPP acquisition are positive for the employee, indicating continued compensation and investment in the company.

Positives

• The sale was non-discretionary, indicating it was for tax purposes rather than a lack of confidence in the company.
• The underlying event, vesting of restricted stock units, represents a positive compensation event for the officer.
• Acquisition of 2,782 shares through the Employee Stock Purchase Plan (ESPP) on June 13, 2025, indicates continued employee investment in the company.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a 'sell to cover' sale, which is common practice for executives receiving equity compensation. It does not provide broader insights into industry trends or competitive dynamics, but rather reflects standard compensation and tax management practices within the technology sector for publicly traded companies like Sprinklr.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary sale for tax purposes, not indicative of a change in confidence by the insider. The number of shares sold is a small fraction of the total outstanding shares.
• Employees: The vesting of restricted stock units and participation in the Employee Stock Purchase Plan are positive for the employee, reflecting standard compensation practices.

Key Dates

Keywords

Sprinklr, CXM, SEC Form 4, Insider Trading, Stock Sale, Restricted Stock Units, Tax Withholding, Employee Stock Purchase Plan, Marlise Ricci, Chief Accounting Officer