Form 4: Sprinklr Director and 10% Owner Neeraj Agrawal Converts Over 5.3 Million Class B Shares to Class A

Neeraj Agrawal, a Director and 10% owner of Sprinklr, Inc., reported the conversion of over 5.3 million Class B common shares into Class A common shares on May 27, 2025.

Summary

• Neeraj Agrawal, identified as a Director and 10% Owner of Sprinklr, Inc. (CXM), filed a Form 4 reporting changes in beneficial ownership.
• On May 27, 2025, 5,334,367 shares of Class B Common Stock held by Battery Ventures IX, L.P. were converted into Class A Common Stock on a one-for-one basis.
• Additionally, 53,335 shares of Class B Common Stock held by Battery Investment Partners IX, LLC were converted into Class A Common Stock on the same date.
• Following these transactions, Battery Ventures IX, L.P. beneficially owns 11,570,734 Class A Common Stock indirectly, and Battery Investment Partners IX, LLC beneficially owns 112,687 Class A Common Stock indirectly.
• The filing also details other indirect holdings of Class A Common Stock by various trusts and Battery Ventures funds, totaling significant beneficial ownership for Mr. Agrawal, though he disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: A routine Form 4 filing reporting a share conversion, which is a neutral event in terms of company performance or outlook.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of an insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• The transaction involves Neeraj Agrawal, a Director and 10% owner of Sprinklr, Inc., and entities associated with him (Battery Ventures funds and trusts), making it a related party transaction as per SEC reporting requirements for insiders.

Stakeholder Impact

• Shareholders: The conversion of Class B to Class A shares may slightly increase the public float of Class A shares, but it does not dilute existing shareholders as it is a reclassification of existing equity rather than new issuance.

Key Dates

Keywords

Sprinklr, CXM, SEC filing, Form 4, insider transaction, share conversion, Class A common stock, Class B common stock, beneficial ownership, Neeraj Agrawal, Battery Ventures