Form 4: Sprinklr Director Sells Shares After Option Exercise

Sprinklr Director Yvette Kanouff exercised stock options and converted Class B shares, subsequently selling a portion of Class A common stock for approximately $1.23 million.

Summary

• Yvette Kanouff, a Director of Sprinklr, Inc. (CXM), engaged in multiple transactions involving the company's stock.
• On December 8, 2025, Kanouff exercised 78,032 stock options (right to buy Class B Common Stock at $4.1 per share) and converted 78,032 shares of Class B Common Stock into Class A Common Stock.
• Following the conversion on December 8, 2025, 41,163 shares of Class A Common Stock were sold at a weighted average price of $7.80, with prices ranging from $7.80 to $7.86.
• On December 9, 2025, Kanouff exercised an additional 221,968 stock options (right to buy Class B Common Stock at $4.1 per share) and converted 221,968 shares of Class B Common Stock into Class A Common Stock.
• Following the conversion on December 9, 2025, 116,226 shares of Class A Common Stock were sold at a weighted average price of $7.86, with prices ranging from $7.80 to $7.91.
• The total value of Class A Common Stock sold across both days amounts to approximately $1,234,169.76.
• After these transactions, Kanouff beneficially owns 239,928 shares of Class A Common Stock and 0 shares of Class B Common Stock, with no remaining stock options reported.

Sentiment

Score: 5

Explanation: Neutral. The filing reports routine insider transactions (option exercise and subsequent sale) which are common for liquidity and diversification purposes. While insider selling can sometimes be viewed negatively, it's often part of a pre-planned strategy (Rule 10b5-1) and doesn't necessarily reflect a negative outlook on the company's future.

Positives

• The director is realizing value from vested stock options, which is a common and expected part of executive compensation.
• The exercise of options and conversion of Class B to Class A shares indicates the director is taking action to manage their equity holdings.

Negatives

• Insider selling, even when associated with option exercises, can sometimes be perceived negatively by the market, potentially signaling a lack of further upside, although it is often for personal liquidity or diversification.

Stakeholder Impact

• Shareholders may observe the director's sale of shares, which is a common event for insiders to realize value from their compensation.

Key Dates

Recommendation

The filing details routine insider transactions involving the exercise of stock options and subsequent sale of shares. This is a common practice for directors to realize value from their compensation and manage personal finances. While it represents insider selling, it does not inherently signal a negative outlook on the company's future performance, especially given the context of option exercise. Therefore, the filing itself does not provide a strong basis for a 'buy' or 'sell' recommendation, suggesting a 'hold' position based solely on this information.

Keywords

Sprinklr, CXM, Yvette Kanouff, insider trading, Form 4, stock options, share sale, director, beneficial ownership, Class A Common Stock, Class B Common Stock