Form 4: Sprinklr Director Ragy Thomas Sells 3 Million Shares After Class B Conversion

Sprinklr, Inc. Director Ragy Thomas converted 3 million Class B shares to Class A and subsequently sold them for approximately $25.11 million.

Summary

• Director Ragy Thomas converted 3,000,000 shares of Class B Common Stock into Class A Common Stock on July 1, 2025.
• Following the conversion, Ragy Thomas beneficially owned 3,766,217 shares of Class A Common Stock.
• On July 2, 2025, Ragy Thomas sold 3,000,000 shares of Class A Common Stock at a weighted average price of $8.37 per share, with sales occurring in a range from $8.37 to $8.635.
• The sale generated approximately $25,110,000 in proceeds.
• After the reported transactions, Ragy Thomas directly owns 766,217 shares of Class A Common Stock.
• Ragy Thomas also directly holds 20,561,365 shares of Class B Common Stock, which are convertible into Class A Common Stock on a one-to-one basis.
• Indirect holdings of Class B Common Stock include 8,129,863 shares held by the Thomas 2014 Family Trust, 13,106,677 shares held by the Thomas Family 2017 Irrevocable Trust, 1,996,523 shares held by the 2019 Family Trust, and 110,445 shares held by a spouse.

Sentiment

Score: 3

Explanation: The sale of a substantial number of shares by a director is generally viewed negatively by the market, as it reduces insider ownership and can imply a lack of confidence in future stock performance, despite the individual's personal financial planning needs.

Negatives

• A significant sale of 3,000,000 shares of Class A Common Stock by a Director, Ragy Thomas, which could be perceived negatively by investors as it reduces insider ownership.

Risks

• Potential negative market perception due to a large insider share sale by a director.
• The sale could signal a lack of confidence in the company's future performance by a key insider, although the document does not state the reason for the sale.

Future Outlook

NA

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• The document details indirect beneficial ownership through family trusts (Thomas 2014 Family Trust, Thomas Family 2017 Irrevocable Trust, 2019 Family Trust) and by a spouse, where the reporting person is a trustee for the trusts.

Stakeholder Impact

• Shareholders may perceive the significant insider sale as a negative signal, potentially impacting investor confidence and the company's stock price.
• No direct impact on employees, customers, suppliers, or creditors is indicated by this specific filing.

Key Dates

Recommendation

Keywords

Sprinklr, CXM, Form 4, Insider Trading, Share Sale, Director, Ragy Thomas, Class A Common Stock, Class B Common Stock, SEC Filing