Form 4: Sprinklr Director Kevin Haverty Receives Significant RSU Grant, Aligning Interests with Shareholders

Sprinklr, Inc. Director Kevin Haverty was granted 30,578 restricted stock units (RSUs) on June 12, 2025, as part of his compensation, with vesting tied to continued service.

Summary

• Sprinklr, Inc. (CXM) Director Kevin Haverty acquired 30,578 shares of Class A Common Stock in the form of Restricted Stock Units (RSUs) on June 12, 2025.
• The acquisition was made at a price of $0 per share, typical for RSU grants.
• Following this transaction, Kevin Haverty beneficially owns a total of 92,172 shares of Class A Common Stock.
• The 30,578 RSUs consist of two separate grants: a 'First Grant' of 24,660 RSUs and a 'Second Grant' of 5,918 RSUs.
• The First Grant (24,660 RSUs) will vest in full on the earlier of June 12, 2026, or the day prior to the Issuer's 2026 annual stockholder meeting.
• The Second Grant (5,918 RSUs) will vest in four substantially equal quarterly installments on September 12, 2025, December 12, 2025, March 12, 2026, and June 12, 2026.
• Vesting for both grants is contingent upon the Reporting Person's continuous service through each respective vesting date.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive. While a routine compensation event, it signifies continued alignment of a director's interests with the company's performance, which is generally viewed favorably by investors. There are no negative implications from this specific filing.

Positives

• The grant of Restricted Stock Units (RSUs) to Director Kevin Haverty aligns his interests directly with those of the company's shareholders, as the value of his compensation is tied to the company's stock performance.
• Equity compensation is a standard practice that incentivizes long-term commitment and performance from key personnel.

Risks

• The vesting of both RSU grants is subject to Kevin Haverty's continuous service through each vesting date, meaning the RSUs could be forfeited if his service terminates prior to vesting.

Future Outlook

The document outlines specific future vesting schedules for the granted Restricted Stock Units, with the First Grant vesting by June 12, 2026 (or earlier), and the Second Grant vesting quarterly through June 12, 2026, all contingent on continuous service.

Industry Context

The grant of Restricted Stock Units (RSUs) to a director is a common and widely accepted practice in the technology and broader corporate sectors for executive and director compensation. It serves to attract, retain, and incentivize key talent by aligning their financial interests with the long-term performance of the company's stock.

Comparison to Industry Standards

• Equity compensation, particularly through RSU grants, is a standard component of director remuneration across publicly traded companies, including those in the software and customer experience management industry like Sprinklr.
• Companies such as Salesforce, Adobe, and Zendesk frequently utilize similar equity-based incentives to compensate their directors and executives, aiming to foster long-term commitment and shareholder value creation.
• The vesting schedule, tied to continuous service, is also a typical feature designed to ensure retention and sustained contribution from the director.

Related Party Transactions

• The grant of 30,578 Restricted Stock Units to Kevin Haverty, a director of Sprinklr, Inc., constitutes a related party transaction as it involves compensation provided by the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial incentives with shareholder interests, potentially leading to more focused efforts on long-term stock performance.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The First Grant of 24,660 RSUs is expected to vest in full on the earlier of June 12, 2026, or the day prior to Sprinklr's 2026 annual stockholder meeting.
• The Second Grant of 5,918 RSUs will vest in four equal quarterly installments on September 12, 2025, December 12, 2025, March 12, 2026, and June 12, 2026.

Key Dates

Keywords

Sprinklr, CXM, SEC Form 4, Restricted Stock Units, RSU, Insider Transaction, Director Compensation, Equity Grant, Corporate Governance, Stock Ownership