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

Sprinklr, Inc.'s Chief Customer Officer, Scott Michael Harvey, sold 13,964 shares of Class A Common Stock to cover statutory tax withholding obligations related to restricted stock unit vesting.

Summary

• Scott Michael Harvey, Chief Customer Officer of Sprinklr, Inc. (CXM), reported a transaction involving the company's Class A Common Stock.
• On June 16, 2025, Mr. Harvey disposed of 13,964 shares of Class A Common Stock at a weighted average price of $8.17 per share.
• The sale was a 'sell to cover' transaction, mandated by Sprinklr's equity incentive plans to satisfy minimum statutory tax withholding obligations upon the vesting of restricted stock units, and was not a discretionary sale by Mr. Harvey.
• The shares were sold in multiple transactions with prices ranging from $7.99 to $8.25.
• Following this transaction, Mr. Harvey beneficially owns 824,389 shares of Class A Common Stock.
• This total includes 2,286 shares acquired under Sprinklr's employee stock purchase plan on June 13, 2025.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine, non-discretionary 'sell to cover' sale for tax purposes, which is a common occurrence for RSU vesting and does not indicate a change in management's outlook or company performance.

Positives

• The sale of shares was non-discretionary, specifically for covering statutory tax withholding obligations, indicating it was not a reflection of a lack of confidence in the company by the insider.
• The reporting person acquired 2,286 shares through the company's employee stock purchase plan, demonstrating continued participation in employee equity programs.

Negatives

• The transaction resulted in a reduction of 13,964 shares from the reporting person's direct beneficial ownership.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic outlook.

Management Comments

• The 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 filing is an individual insider transaction report and does not provide information relevant to broader industry trends or competitive landscape analysis.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in insider ownership, but its non-discretionary nature means it is unlikely to be interpreted negatively regarding management's confidence.
• Employees: The transaction is related to the vesting of restricted stock units and the operation of the employee stock purchase plan, which are standard components of employee compensation and benefit programs.

Key Dates

Keywords

Sprinklr, CXM, Scott Michael Harvey, Insider Trading, Form 4, Share Sale, Restricted Stock Units, Tax Withholding, Employee Stock Purchase Plan