Form 4: Sprinklr Director Ragy Thomas Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Ragy Thomas sold 81,998 shares of Sprinklr, Inc. to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 17, 2025, Ragy Thomas, a director of Sprinklr, Inc., sold 81,998 shares of Class A Common Stock.
- The sale was executed to cover statutory tax withholding obligations associated with the vesting of restricted stock units.
- The shares were sold at a weighted average price of $8.84, with individual transactions ranging from $8.6583 to $9.15.
- Following the transaction, Ragy Thomas beneficially owns 950,534 shares of Sprinklr, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives and directors.
Stakeholder Impact
- The sale may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the purpose of the sale.
Key Dates
| Date | Description |
|---|---|
| 03/17/2025 | Date of the transaction (sale of shares). |
| 03/18/2025 | Date of signature for the Form 4 filing. |
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