Form 4: Sprinklr Director Ragy Thomas Converts Class B Shares and Sells 3 Million Class A Shares

Sprinklr, Inc. Director Ragy Thomas converted over 2.79 million Class B shares to Class A and subsequently sold 3 million Class A shares at a weighted average price of $7.98.

Summary

• Director Ragy Thomas converted 2,791,931 shares of Class B Common Stock into an equal number of Class A Common Stock on June 26, 2025.
• Following this conversion, Thomas beneficially owned 3,766,217 shares of Class A Common Stock.
• On June 27, 2025, Thomas sold 3,000,000 shares of Class A Common Stock at a weighted average price of $7.98 per share.
• The sale price for these shares ranged from $7.98 to $8.245.
• After these transactions, Thomas beneficially owns 766,217 shares of Class A Common Stock directly.
• Thomas also continues to beneficially own 23,561,365 shares of Class B Common Stock directly, and additional Class B shares indirectly through various family trusts (8,129,863 shares via the 2014 Trust, 13,106,677 shares via the 2017 Trust, 1,996,523 shares via the 2019 Family Trust) and by spouse (110,445 shares).

Sentiment

Score: 3

Explanation: The sentiment is negative due to a significant insider sale by a director, which can be interpreted as a bearish signal for the company's stock performance.

Negatives

• A significant sale of 3,000,000 Class A Common Stock by a Director, Ragy Thomas, which could be interpreted as a lack of confidence in the company's near-term prospects.
• The sale occurred at a weighted average price of $7.98, which may be below recent trading highs, indicating a willingness to sell at current market prices.

Future Outlook

No forward-looking statements or guidance are provided in this filing, as it primarily reports insider transactions.

Industry Context

This Form 4 filing details an insider transaction by a director of Sprinklr, Inc., a company operating in the customer experience management and unified customer experience management (Unified-CXM) industry. Such insider sales are common and can be driven by various personal financial planning reasons, but large sales by key executives or directors are often scrutinized by the market for potential signals regarding the company's future performance or valuation within its competitive landscape.

Related Party Transactions

• Ragy Thomas's beneficial ownership includes shares held indirectly through the Thomas 2014 Family Trust, Thomas Family 2017 Irrevocable Trust, and the 2019 Family Trust, for which he serves as a trustee, and shares held by his spouse. These represent related party holdings.

Stakeholder Impact

• Shareholders may interpret the significant insider sale as a negative signal, potentially leading to downward pressure on the stock price.
• Employees, customers, suppliers, and creditors are unlikely to be directly impacted by this specific insider transaction, though a sustained negative market reaction could indirectly affect morale or perception.

Key Dates

Recommendation

Keywords

Sprinklr, CXM, Form 4, Insider Trading, Stock Sale, Director, Ragy Thomas, Class A Common Stock, Class B Common Stock, Equity Conversion, Beneficial Ownership