Form 4: Sprinklr Co-CEO Ragy Thomas Sells Shares to Cover Tax Obligations

Ragy Thomas, Co-CEO of Sprinklr, Inc., sold shares of Class A Common Stock to cover statutory tax withholding obligations related to the vesting of restricted stock units.

Summary

• On September 16 and 17, 2024, Ragy Thomas, Co-CEO of Sprinklr, Inc., sold shares of Class A Common Stock.
• The sales were executed to cover statutory tax withholding obligations associated with the vesting of restricted stock units.
• On September 16, 2024, 12,902 shares were sold at a weighted average price of $7.83, with prices ranging from $7.82 to $7.895.
• On September 17, 2024, 3,263 shares were sold at a weighted average price of $7.84, with prices ranging from $7.80 to $7.895.
• Following these transactions, Thomas directly owns 1,047,919 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations, which is a common practice and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among executives of publicly traded companies.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact as it is for tax obligations.

Key Dates