Form 4: Sprinklr Co-CEO Ragy Thomas Reports Stock Transactions

Ragy Thomas, Co-CEO of Sprinklr, Inc., reports the acquisition and disposition of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On October 29, 2024, Ragy Thomas, Co-CEO of Sprinklr, Inc., engaged in transactions involving Sprinklr's Class A Common Stock.
• He acquired 1,505 shares of Class A Common Stock and disposed of 1,505 shares at a price of $7.49 per share.
• The sale was to cover statutory tax withholding obligations related to the vesting of restricted stock units and was not a discretionary sale.
• Following these transactions, Thomas directly owns 1,047,919 shares of Class A Common Stock.
• He also indirectly owns shares through several family trusts: Thomas 2014 Family Trust (8,129,863 shares), Thomas Family 2017 Irrevocable Trust (13,106,677 shares), and 2019 Family Trust (1,996,523 shares).
• Additionally, 110,445 shares are held indirectly by his spouse.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, as it's a factual report of trading activity.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency into the trading activities of key executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the small volume of shares involved.
• The 'sell to cover' transaction ensures compliance with tax obligations related to employee equity compensation.

Key Dates