Form 4: Sprinklr Chief Customer Officer Sells Over 21,000 Shares Under Pre-Arranged Trading Plan
Insider Transaction Report
Sprinklr's Chief Customer Officer, Scott Michael Harvey, sold 21,422 shares of Class A Common Stock for $9 per share on July 7, 2025, as part of a pre-arranged Rule 10b5-1 trading plan.
Summary
- Scott Michael Harvey, the Chief Customer Officer of Sprinklr, Inc. (CXM), disposed of 21,422 shares of Class A Common Stock.
- The transaction occurred on July 7, 2025, with shares sold at a price of $9 each.
- Following this sale, Scott Michael Harvey directly beneficially owns 681,910 shares of Class A Common Stock.
- The sale was executed pursuant to a Rule 10b5-1 trading plan, which was adopted by the Reporting Person on March 27, 2025.
Sentiment
Score: 5
Explanation: The sentiment is neutral. While an insider sale can be perceived negatively, the execution under a pre-arranged Rule 10b5-1 plan mitigates concerns that the sale is based on new, negative material information.
Positives
- The sale was conducted under a Rule 10b5-1 trading plan, indicating it was pre-scheduled and not based on immediate material non-public information, which can mitigate negative market perception.
Negatives
- An insider sale, even if pre-planned, reduces the direct ownership stake of a key executive in the company.
- The transaction represents a reduction of 21,422 shares from the Chief Customer Officer's direct holdings.
Future Outlook
No forward-looking statements or guidance are provided in this insider transaction report.
Management Comments
- The transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 27, 2025.
Industry Context
This Form 4 filing is specific to an insider transaction at Sprinklr, Inc. and does not contain information related to broader industry trends or competitive landscape analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Policy Adherence | The sale was conducted under a Rule 10b5-1 trading plan, adopted on March 27, 2025. This plan allows insiders to pre-arrange sales of company stock at a time when they are not in possession of material non-public information, providing an affirmative defense against insider trading allegations. | 03/27/2025 | Demonstrates the company's and the executive's commitment to adhering to SEC regulations regarding insider trading, enhancing transparency and reducing potential legal risks associated with executive stock transactions. |
Stakeholder Impact
- Shareholders: May view the sale as a routine, pre-planned transaction rather than a signal of lack of confidence, due to its execution under a Rule 10b5-1 plan. However, any insider sale can still be interpreted with caution.
Key Dates
| Date | Description |
|---|---|
| 03/27/2025 | Rule 10b5-1 trading plan adopted by the Reporting Person. |
| 07/07/2025 | Date of the reported transaction (sale of Class A Common Stock). |
| 07/09/2025 | Date the Form 4 filing was signed. |
Keywords
Sprinklr, CXM, insider trading, Form 4, stock sale, Rule 10b5-1, Scott Michael Harvey, Chief Customer Officer
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