Form 4: Sprinklr Director Ragy Thomas Executes Sell-to-Cover Transaction

Director Ragy Thomas sold 1,506 shares of Sprinklr (CXM) Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On April 29, 2025, Ragy Thomas, a director at Sprinklr, Inc. (CXM), engaged in a transaction involving the company's Class A Common Stock.
• Thomas acquired 1,506 shares of Class A Common Stock and simultaneously sold 1,506 shares at a price of $7.72 per share.
• The sale was executed to cover statutory tax withholding obligations associated with the vesting of restricted stock units, as mandated by Sprinklr's equity incentive plans.
• Following the reported transactions, Thomas directly owns 950,334 shares of Class A Common Stock.
• Thomas also indirectly owns shares through several family trusts, including the Thomas 2014 Family Trust (8,129,863 Class A Common Stock equivalents), the Thomas Family 2017 Irrevocable Trust (13,106,677 Class A Common Stock equivalents), the 2019 Family Trust (1,996,523 Class A Common Stock equivalents), and through his spouse (110,445 Class A Common Stock equivalents).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction for tax purposes, indicating a neutral sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in compliance with SEC regulations.
• Sell-to-cover transactions are a common method for employees and executives to manage tax obligations related to equity compensation, aligning with industry norms.
• The level of detail provided in the filing is consistent with SEC requirements and industry best practices.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sell-to-cover transaction.
• Employees who hold restricted stock units may find the information useful for understanding tax implications.

Key Dates

Keywords

Sprinklr, CXM, Ragy Thomas, Class A Common Stock, Form 4, Director, Sell-to-Cover, Tax Withholding, Restricted Stock Units, Beneficial Ownership, Family Trusts