Form 4: Sprinklr CIO Awarded 60,000 Restricted Stock Units

Sprinklr, Inc.'s Chief Information Officer, Sanjay Macwan, has been granted 60,000 Restricted Stock Units (RSUs) as part of his compensation, vesting over time.

Summary

• Sanjay Macwan, Chief Information Officer of Sprinklr, Inc. (CXM), acquired 60,000 Class A Common Stock units on July 15, 2025.
• The acquisition was a grant of Restricted Stock Units (RSUs) with a transaction price of $0 per unit.
• Following this transaction, Sanjay Macwan's total beneficial ownership in Sprinklr, Inc. stands at 300,000 Class A Common Stock units.
• The RSUs are subject to a vesting schedule: one-fourth (1/4th) will vest on June 15, 2026, and one-twelfth (1/12th) of the remaining RSUs will vest on each subsequent September 15, December 15, March 15, and June 15.
• Vesting is contingent upon Sanjay Macwan's continuous service to Sprinklr, Inc. on each vesting date.

Sentiment

Score: 7

Explanation: The grant of RSUs to a key executive is generally positive as it aligns management incentives with shareholder value and aids in executive retention. However, it also implies future dilution.

Positives

• The grant of 60,000 Restricted Stock Units to the Chief Information Officer serves as a significant component of executive compensation, aligning management's interests with long-term shareholder value.
• The vesting schedule, tied to continuous service, acts as a retention mechanism for a key executive, promoting stability in leadership.

Risks

• The vesting of RSUs could lead to future dilution of existing shareholder equity as shares are issued upon vesting.

Future Outlook

The granted Restricted Stock Units are subject to a multi-year vesting schedule, with the first tranche vesting on June 15, 2026, and subsequent tranches vesting quarterly thereafter, contingent on the Chief Information Officer's continued employment.

Industry Context

The grant of Restricted Stock Units is a common practice in the technology and software industry for executive compensation, aiming to retain key talent and align their long-term incentives with company performance and shareholder interests.

Comparison to Industry Standards

• Executive equity grants, particularly RSUs, are standard compensation tools across the software-as-a-service (SaaS) sector, including companies like Salesforce, Adobe, and ServiceNow, which frequently use such awards to attract and retain top-tier talent.
• The vesting schedule, with an initial cliff followed by quarterly vesting, is a typical structure designed to ensure long-term commitment from executives, comparable to practices at major tech firms.

Related Party Transactions

• The RSU grant to Sanjay Macwan, a Chief Information Officer, constitutes a transaction between the company and a key executive, which is a form of related party transaction for compensation purposes.

Stakeholder Impact

• Shareholders: Potential for future dilution upon vesting of RSUs, but also benefit from increased alignment of executive interests with long-term company performance and executive retention.
• Employees: May signal stability in leadership and a commitment to executive compensation, potentially influencing morale and retention.

Next Steps

• The vesting of 1/4th of the RSUs on June 15, 2026.
• Subsequent quarterly vesting of 1/12th of the remaining RSUs on September 15, December 15, March 15, and June 15 thereafter.

Key Dates

Keywords

Sprinklr, CXM, Restricted Stock Units, RSU, Insider Transaction, Executive Compensation, Form 4, Sanjay Macwan, Chief Information Officer, Equity Grant