Form 4: Sprinklr Director Neeraj Agrawal Reports New RSU Grant and Significant Indirect Holdings

Sprinklr, Inc. Director and 10% Owner Neeraj Agrawal reported the acquisition of 24,660 restricted stock units (RSUs) and detailed his substantial direct and indirect beneficial ownership in the company.

Summary

• Neeraj Agrawal, a Director and 10% Owner of Sprinklr, Inc. (CXM), reported a transaction on June 12, 2025.
• The transaction involved the acquisition of 24,660 Class A Common Stock in the form of a restricted stock unit (RSU) award, with a transaction price of $0.
• These RSUs are set to vest in full on the earlier of June 12, 2026, or the day prior to the Issuer's 2026 annual stockholder meeting, contingent on continuous service.
• Following this transaction, Mr. Agrawal directly beneficially owns 458,596 shares of Class A Common Stock.
• Additionally, Mr. Agrawal holds significant indirect beneficial ownership totaling 11,249,699 shares through various entities:
• 200,244 shares held by an irrevocable GST trust.
• 8,570,734 shares held by Battery Ventures IX, L.P.
• 82,387 shares held by Battery Investment Partners IX, LLC.
• 2,180,664 shares held by Battery Ventures Select Fund I, L.P.
• 215,670 shares held by Battery Investment Partners Select Fund I, L.P.
• The total beneficial ownership reported by Mr. Agrawal, including direct and indirect holdings, amounts to 11,708,295 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The document reports a routine RSU grant, which is a positive for the recipient and aligns interests. It does not contain information that would significantly alter the company's immediate financial outlook, hence a neutral to slightly positive sentiment.

Positives

• The grant of 24,660 Restricted Stock Units (RSUs) to Director Neeraj Agrawal aligns his interests with long-term shareholder value, as the RSUs vest based on continued service.
• Mr. Agrawal's substantial direct and indirect beneficial ownership, totaling over 11.7 million shares, demonstrates a significant vested interest in the company's performance.

Risks

• The reporting person disclaims beneficial ownership of certain indirect holdings except to the extent of his pecuniary interest, which may limit the direct influence over these shares.

Future Outlook

The document indicates the vesting schedule for the RSU award, with full vesting expected by June 12, 2026, or prior to the 2026 annual stockholder meeting, subject to continuous service.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically an equity compensation grant. Such grants are common practice in the technology sector to incentivize and retain key executives and directors, aligning their financial interests with the company's long-term performance.

Related Party Transactions

• Neeraj Agrawal's indirect beneficial ownership includes shares held by Battery Ventures IX, L.P., Battery Investment Partners IX, LLC, Battery Ventures Select Fund I, L.P., and Battery Investment Partners Select Fund I, L.P. Mr. Agrawal is a managing member of the general partners of these funds and may be deemed to share voting and dispositive power over these securities, though he disclaims beneficial ownership except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders: The RSU grant represents a form of equity compensation that aligns the director's interests with shareholder value, though it also involves a minor potential for future dilution upon vesting.
• Reporting Person (Neeraj Agrawal): Directly benefits from the RSU grant, which will convert into shares upon vesting, increasing his direct equity stake in Sprinklr.

Next Steps

• The 24,660 RSUs are expected to vest in full on the earlier of June 12, 2026, or the day prior to Sprinklr's 2026 annual stockholder meeting, provided Neeraj Agrawal maintains continuous service.

Key Dates

Keywords

SEC Form 4, Sprinklr, CXM, Neeraj Agrawal, Restricted Stock Unit, RSU, Insider Transaction, Beneficial Ownership, Director, 10% Owner, Equity Compensation, Battery Ventures