Form 4: Sprinklr Director Ragy Thomas Reports Stock Transactions

Director Ragy Thomas of Sprinklr, Inc. reports acquisition and disposition of Class A Common Stock to cover tax obligations.

Summary

• On January 29, 2025, Ragy Thomas, a director at Sprinklr, Inc., reported transactions involving Class A Common Stock.
• Thomas acquired 1,279 shares of Class A Common Stock.
• Simultaneously, Thomas disposed of 1,279 shares of Class A Common Stock at a weighted average price of $9.17 to cover statutory tax withholding obligations related to vesting restricted stock units.
• Following these transactions, Thomas directly owns 1,032,532 shares of Class A Common Stock.
• Thomas also indirectly owns shares through several family trusts.
• The filing indicates that shares of Class B Common Stock are convertible to Class A Common Stock under certain conditions, including sale, transfer, death, or when Class B shares represent less than 5% of outstanding shares.

Sentiment

Score: 5

Explanation: This is a neutral filing related to routine stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency to investors regarding the actions of company leadership.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency regarding insider transactions.
• The 'sell to cover' transaction for tax obligations is a common method used by employees and executives with equity compensation.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on stakeholders, as they are related to tax obligations and represent a small percentage of the director's holdings.

Key Dates