Form 4: Sprinklr Director Neeraj Agrawal Transfers Shares to Irrevocable Trust

Neeraj Agrawal, a director and 10% owner of Sprinklr, Inc., reports a transfer of shares to an irrevocable trust and pro rata distributions from Battery Ventures.

Summary

• On April 14, 2025, Neeraj Agrawal, a director and 10% owner of Sprinklr, Inc. (CXM), engaged in transactions involving Class A Common Stock.
• Agrawal contributed shares to the Neeraj Agrawal Irrevocable GST Trust of 2013 in exchange for cash and securities of equivalent value.
• He also received pro rata distributions in kind from Battery Ventures IX, L.P. and Battery Investment Partners IX, LLC.
• These distributions did not involve additional consideration and are considered a change in the form of ownership.
• Following these transactions, Agrawal directly owns 349,931 shares of Class A Common Stock.
• Agrawal also has indirect ownership through various trusts and investment partnerships, including 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.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting changes in beneficial ownership. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in Neeraj Agrawal's beneficial ownership of Sprinklr shares due to a transfer to a trust and pro rata distributions from investment partnerships.

Stakeholder Impact

• The share transfer and distributions may have a minor impact on shareholders due to the change in ownership structure, but the overall impact is likely minimal.

Key Dates

Keywords

Sprinklr, Neeraj Agrawal, CXM, Form 4, Beneficial Ownership, Share Transfer, Battery Ventures, Director, 10% Owner, Trust