Form 4: Sprinklr Director Sells Shares for Tax Obligations

Sprinklr Director Ragy Thomas sold 24,952 shares of Class A Common Stock at a weighted average price of $7.78 to cover statutory tax withholding obligations related to restricted stock unit vesting.

Summary

• Sprinklr, Inc. (CXM) Director, Ragy Thomas, reported a transaction involving the company's Class A Common Stock.
• On December 16, 2025, Thomas disposed of 24,952 shares.
• The shares were sold at a weighted average price of $7.78 per share, with individual transaction prices ranging from $7.67 to $7.845.
• This sale was not discretionary but was mandated to cover statutory tax withholding obligations associated with the vesting of restricted stock units, as per the Issuer's equity incentive plans.
• Following this transaction, Ragy Thomas directly beneficially owns 712,349 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The transaction is a routine 'sell to cover' for tax purposes, which is a neutral event. It does not reflect a discretionary decision by the insider regarding the company's prospects, nor does it introduce new positive or negative information about the company's operations or financial health.

Positives

• The transaction was a non-discretionary 'sell to cover' for tax obligations, indicating it was not a voluntary sale by the director due to a lack of confidence in the company.

Negatives

• A director's sale, even if non-discretionary, reduces their direct equity stake in the company.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

This Form 4 filing details an individual insider transaction (a 'sell to cover' for tax purposes) and does not provide broader industry context or trends. Such transactions are common for executives and directors receiving equity compensation.

Comparison to Industry Standards

• This filing reports a standard 'sell to cover' transaction for tax obligations related to RSU vesting, which is a common practice across publicly traded companies that offer equity compensation. There are no specific comparable companies, projects, or results mentioned in this filing to assess against global benchmarks.

Related Party Transactions

• The transaction involves a director of Sprinklr, Inc. selling company stock, which is inherently a related party transaction. The filing serves as the disclosure for this transaction.

Stakeholder Impact

• Shareholders: The sale slightly reduces the director's direct ownership, but as a non-discretionary tax-related sale, it typically has minimal impact on shareholder sentiment or company valuation.
• Employees: No direct impact on employees is indicated.

Key Dates

Recommendation

This Form 4 filing reports a routine, non-discretionary 'sell to cover' transaction by a director to satisfy tax obligations related to RSU vesting. Such transactions are common and do not typically signal a change in the company's fundamentals or the insider's confidence. Therefore, it provides no new information that would warrant a change in investment recommendation; a 'hold' stance is maintained based solely on this filing.

Keywords

Sprinklr, CXM, Form 4, Insider Trading, Director Sale, Stock Transaction, Restricted Stock Units, Tax Withholding, Equity Incentive Plan