Form 4: Sprinklr Director Neeraj Agrawal Sells 500,000 Shares of Class A Common Stock

Sprinklr, Inc. Director and 10% Owner Neeraj Agrawal reported the sale of 500,000 shares of Class A Common Stock over two days in June 2025.

Summary

• Neeraj Agrawal, a Director and 10% Owner of Sprinklr, Inc. (CXM), reported significant sales of Class A Common Stock.
• On June 9, 2025, Agrawal sold 378,940 shares at a weighted average price of $8.76 per share, with individual transaction prices ranging from $8.69 to $8.89.
• On June 10, 2025, an additional 121,060 shares were sold at a weighted average price of $8.74 per share, with individual transaction prices ranging from $8.62 to $8.80.
• The total number of shares sold across these two transactions amounts to 500,000.
• Following these transactions, Agrawal directly holds 351,436 shares of Class A Common Stock.
• Indirect holdings include 200,244 shares held by the Neeraj Agrawal Irrevocable GST Trust of 2013, and substantial holdings through various Battery Ventures entities totaling 14,079,555 shares (11,570,734 by Battery Ventures IX, L.P., 112,687 by Battery Investment Partners IX, LLC, 2,180,664 by Battery Ventures Select Fund I, L.P., and 215,670 by Battery Investment Partners Select Fund I, L.P.).

Sentiment

Score: 3

Explanation: The sentiment is negative due to significant insider selling by a key executive and major shareholder, which can signal a lack of confidence in future stock performance or valuation.

Negatives

• A significant insider sale of 500,000 shares by a Director and 10% owner, which can be perceived as a negative signal by the market.
• The sales occurred at prices between $8.62 and $8.89, indicating the price range at which the insider divested shares.

Industry Context

This Form 4 filing details an individual insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• Securities are held by the Neeraj Agrawal Irrevocable GST Trust of 2013, of which the Reporting Person's spouse is the trustee.
• Securities are held by various Battery Ventures entities (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.) where the Reporting Person is a managing member of the general partners/managing members and may be deemed to share voting and dispositive power.

Stakeholder Impact

• Shareholders may perceive the insider selling as a negative signal regarding the company's future prospects or valuation, potentially leading to downward pressure on the stock price.

Key Dates

Recommendation

Keywords

Sprinklr, CXM, Neeraj Agrawal, Insider Trading, Form 4, Stock Sale, Director, 10% Owner, SEC Filing, Equity Transaction