Form 4: Sprinklr Chief Administrative Officer Sells Shares for Tax Obligations

Sprinklr's Chief Administrative Officer, Joy Corso, reported a non-discretionary sale of 14,354 Class A Common Stock shares to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Joy Corso, the Chief Administrative Officer of Sprinklr, Inc. (CXM), filed a Form 4 reporting a stock transaction.
• On June 16, 2025, Ms. Corso sold 14,354 shares of Sprinklr's 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.
• This sale was a 'sell to cover' transaction, mandated by the company's equity incentive plans to satisfy statutory tax withholding obligations upon the vesting of restricted stock units (RSUs), and was not a discretionary sale by Ms. Corso.
• Following this transaction, Ms. Corso beneficially owns 803,394 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reports a routine, non-discretionary 'sell to cover' transaction for tax purposes, which is neutral in terms of company sentiment or future prospects.

Positives

• The sale was explicitly stated as non-discretionary, indicating it was a routine tax-related event rather than a signal of lack of confidence from management.

Negatives

• The transaction resulted in a reduction of 14,354 shares from the direct beneficial ownership of the Chief Administrative Officer.

Future Outlook

NA

Management Comments

• The sale represents the number of shares required to be sold to cover statutory tax withholding obligations in connection with the vesting of 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

This is a company-specific insider transaction related to executive compensation and tax obligations, and does not directly reflect broader industry trends.

Stakeholder Impact

• Shareholders may note the reduction in insider holdings, but the non-discretionary nature of the sale mitigates concerns about management's confidence in the company.

Key Dates

Keywords

Sprinklr, CXM, Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, RSU, Tax Withholding, Joy Corso, Chief Administrative Officer