Form 4: Sprinklr CMO Sells Shares to Cover Tax Obligations Following RSU Vesting

Sprinklr, Inc.'s Chief Marketing Officer, Arun Pattabhiraman, sold 16,222 shares of Class A Common Stock at a weighted average price of $8.17 to satisfy tax withholding obligations related to restricted stock unit vesting.

Summary

• Arun Pattabhiraman, Chief Marketing Officer of Sprinklr, Inc. (CXM), sold 16,222 shares of Class A Common Stock.
• The transaction occurred on June 16, 2025, at a weighted average price of $8.17 per share, with prices ranging from $7.99 to $8.25.
• The sale was a "sell to cover" transaction, mandated by the company's equity incentive plans, specifically to satisfy statutory tax withholding obligations upon the vesting of restricted stock units.
• This was not a discretionary sale by Mr. Pattabhiraman.
• Following this transaction, Mr. Pattabhiraman beneficially owns 551,206 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The transaction is neutral as it is a non-discretionary 'sell to cover' sale for tax purposes related to RSU vesting, which is a routine event for executives receiving equity compensation. It does not reflect a change in management's confidence or strategic direction.

Positives

• The sale indicates the vesting of restricted stock units (RSUs), which is a positive event for the employee, reflecting compensation earned.
• The transaction was non-discretionary, meaning it was not a signal of a lack of confidence from the insider.

Negatives

• A reduction in insider ownership, even if for tax purposes, slightly decreases the alignment of interests between the insider and other shareholders.

Future Outlook

NA

Management Comments

• Represents the number of shares required to be sold to cover the statutory tax withholding obligations in connection with the vesting of the 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 Form 4 filing is a routine disclosure of an insider transaction, specifically a 'sell to cover' sale, which is common across all industries for executives receiving equity compensation. It does not provide insights into broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, but the non-discretionary nature mitigates concerns about management confidence.
• Employees: The vesting of RSUs is positive for the employee, representing earned compensation.

Key Dates

Keywords

Sprinklr, CXM, Form 4, Insider Trading, Stock Sale, Restricted Stock Units, RSU Vesting, Tax Withholding, Chief Marketing Officer, Arun Pattabhiraman