Form 4: Sprinklr Director Executes Routine Tax-Related Stock Sale

Sprinklr Director Ragy Thomas reported a routine 'sell to cover' transaction of Class A Common Stock to satisfy tax obligations related to restricted stock unit vesting.

Summary

• Director Ragy Thomas converted 1,435 shares of Class B Common Stock into Class A Common Stock on July 29, 2025.
• Simultaneously, 1,435 shares of Class A Common Stock were sold at a weighted average price of $9.36 per share, with prices ranging from $9.33 to $9.38.
• This sale was a non-discretionary 'sell to cover' transaction, mandated by Sprinklr's equity incentive plans to satisfy statutory tax withholding obligations upon the vesting of restricted stock units.
• Following these transactions, Ragy Thomas directly holds 766,217 shares of Class A Common Stock.
• Ragy Thomas also maintains significant indirect beneficial ownership of Class B Common Stock, including 8,129,863 shares through the Thomas 2014 Family Trust, 13,106,677 shares through the Thomas Family 2017 Irrevocable Trust, 1,996,523 shares through the 2019 Family Trust, and 110,445 shares held by a spouse, all convertible to Class A Common Stock.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary 'sell to cover' transaction for tax purposes, which is a neutral event and does not reflect a change in sentiment or outlook by the insider.

Positives

• The transaction was explicitly stated as a non-discretionary 'sell to cover' to meet tax obligations, indicating it was not a voluntary sale based on the director's market outlook.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Industry Context

This Form 4 filing details a routine insider transaction and does not provide information relevant to broader industry trends or competitive analysis.

Related Party Transactions

• Indirect beneficial ownership of Class B Common Stock is held through the Thomas 2014 Family Trust, Thomas Family 2017 Irrevocable Trust, and the 2019 Family Trust, for which the Reporting Person is a trustee.
• Additional indirect beneficial ownership of Class B Common Stock is held by the Reporting Person's spouse.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary tax-related sale and does not signal a change in the director's confidence or the company's fundamentals.

Key Dates

Keywords

Sprinklr, CXM, Ragy Thomas, Director, Form 4, Insider Trading, Stock Sale, Restricted Stock Units, Tax Withholding, Class A Common Stock, Class B Common Stock, Beneficial Ownership