Form 4: Sprinklr Director Sells Shares for Tax Obligations

Sprinklr Director Ragy Thomas reported a non-discretionary sale of 1,054 Class A shares to cover tax withholding obligations following a Class B conversion.

Summary

• Ragy Thomas, a Director of Sprinklr, Inc. (CXM), reported transactions on January 29, 2026.
• The transactions included the conversion of 1,054 shares of Class B Common Stock into Class A Common Stock.
• Concurrently, 1,054 shares of Class A Common Stock were sold at a weighted average price of $6.35 per share.
• This sale was a 'sell to cover' transaction, mandated by Sprinklr's equity incentive plans to satisfy minimum statutory tax withholding obligations related to the vesting of restricted stock units, and was not a discretionary sale by Mr. Thomas.
• Following these transactions, Mr. Thomas directly beneficially owns 712,349 shares of Class A Common Stock.
• Mr. Thomas also directly beneficially owns 20,557,511 shares of Class B Common Stock.
• Indirect beneficial ownership of Class B Common Stock includes 8,129,863 shares held by the Thomas 2014 Family Trust, 13,106,677 shares by the Thomas Family 2017 Irrevocable Trust, 1,996,523 shares by the 2019 Family Trust, and 110,445 shares by his spouse, for which Mr. Thomas serves as a trustee for the trusts.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. The reported transactions are a routine 'sell to cover' for tax purposes, which is a non-discretionary event and does not reflect a change in the reporting person's investment sentiment or the company's operational performance.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes that 'sell to cover' transactions are a common and routine occurrence for executives and directors receiving equity compensation, particularly when restricted stock units vest. These sales are typically not indicative of management's sentiment towards the company's future performance but rather a mechanism to meet tax obligations.

Stakeholder Impact

• Shareholders: Minimal impact, as the transaction is a routine, non-discretionary sale for tax purposes and does not signal a change in company fundamentals or insider sentiment.

Key Dates

Keywords

Sprinklr, CXM, Form 4, Insider Transaction, Stock Sale, Director, Ragy Thomas, Class A Common Stock, Class B Common Stock, Sell to Cover, Tax Withholding