Form 4: Sprinklr Director R. David Tabors Sells Over 84,000 Shares of Class A Common Stock

R. David Tabors, a Director and 10% Owner of Sprinklr, Inc., reported the direct sale of 84,010 shares of Class A Common Stock at a weighted average price of $8.65 per share.

Summary

• R. David Tabors, a Director and 10% Owner of Sprinklr, Inc. (CXM), reported a direct sale of 84,010 shares of Class A Common Stock.
• The transaction occurred on June 6, 2025, at a weighted average price of $8.65 per share, with prices ranging from $8.65 to $8.69.
• Following this transaction, Mr. Tabors directly holds 0 shares of Class A Common Stock.
• Mr. Tabors continues to have indirect beneficial ownership of 11,570,734 shares through Battery Ventures IX, L.P., 112,687 shares through Battery Investment Partners IX, LLC, 2,180,664 shares through Battery Ventures Select Fund I, L.P., and 215,670 shares through Battery Investment Partners Select Fund I, L.P.
• Mr. Tabors disclaims beneficial ownership of these indirectly held securities except to the extent of his pecuniary interest.

Sentiment

Score: 4

Explanation: The sale of all directly held shares by a director and 10% owner, even under a 10b5-1 plan, generally carries a slightly negative sentiment as it reduces direct alignment. However, the continued significant indirect holdings through Battery Ventures mitigate this somewhat.

Positives

• The reported transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged sale not based on immediate insider information.

Negatives

• A Director and 10% Owner, R. David Tabors, sold all of his directly held shares (84,010 shares) of Sprinklr Class A Common Stock.
• The sale price of $8.65 per share is below the company's historical highs, potentially indicating a lack of confidence in short-term price appreciation, although it was part of a pre-arranged plan.

Risks

• Insider selling, even if pre-arranged, can sometimes be perceived negatively by the market, potentially leading to downward pressure on the stock price.
• The disclaimed beneficial ownership by Mr. Tabors over the significant indirect holdings through Battery Ventures entities means his direct financial alignment with individual shareholder interests is reduced after selling his direct shares.

Future Outlook

The Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook. It solely reports an insider transaction.

Industry Context

This Form 4 filing is specific to an insider transaction at Sprinklr, Inc. and does not provide broader industry context or trends. Insider sales are a common occurrence in the market, often for diversification or liquidity purposes, especially when executed under a Rule 10b5-1 plan.

Comparison to Industry Standards

• This document is a standard insider transaction report (Form 4) and does not contain information that allows for a direct comparison to industry-specific financial or operational benchmarks. Insider trading activity is typically evaluated against the company's own historical insider activity and broader market sentiment rather than direct industry peer comparisons.

Stakeholder Impact

• Shareholders: The sale by a director could be perceived negatively, potentially influencing investor sentiment and stock price.
• Employees, Customers, Suppliers, Creditors: No direct impact is indicated by this filing, as it pertains solely to an insider's stock transaction.

Key Dates

Recommendation

Keywords

Sprinklr, CXM, Form 4, Insider Trading, Stock Sale, Beneficial Ownership, R. David Tabors, Battery Ventures, SEC Filing, Director, 10% Owner, Equity Securities