Form 4: Sprinklr Director Stephen Ward Jr. Granted Over 14,000 Restricted Stock Units

Sprinklr, Inc. Director Stephen M. Ward Jr. was granted 14,138 Class A Common Stock Restricted Stock Units (RSUs) as part of his compensation, with vesting scheduled through June 2026.

Summary

• Stephen M. Ward Jr., a Director of Sprinklr, Inc. (CXM), acquired 14,138 shares of Class A Common Stock in the form of Restricted Stock Units (RSUs) on June 12, 2025.
• The acquisition was reported on a Form 4 filing with the SEC, indicating an insider transaction.
• The RSUs are divided into two grants: a 'First Grant' of 8,220 RSUs and a 'Second Grant' of 5,918 RSUs.
• The First Grant of 8,220 RSUs will vest in full on the earlier of June 12, 2026, or the day prior to the Issuer's 2026 annual stockholder meeting.
• The Second Grant of 5,918 RSUs will vest in four substantially equal quarterly installments on September 12, 2025, December 12, 2025, March 12, 2026, and June 12, 2026.
• Vesting for both grants is contingent upon Mr. Ward Jr.'s continuous service through each respective vesting date.
• Following this transaction, Stephen M. Ward Jr. beneficially owns 36,067 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It's a routine compensation event that aligns director interests with shareholders, which is generally viewed favorably, but it does not indicate any new strategic or financial developments for the company.

Positives

• The grant of Restricted Stock Units to a director aligns the director's interests with those of the shareholders, as the value of the compensation is tied to the company's stock performance.
• Equity compensation is a standard practice for attracting and retaining experienced board members.

Risks

• The vesting of the RSU awards is subject to the reporting person's continuous service through each vesting date, meaning the director must remain with the company to fully realize the equity.

Future Outlook

The RSU grants indicate a future outlook where the director's compensation is tied to the company's long-term performance, with vesting schedules extending through June 2026, contingent on continuous service.

Industry Context

The grant of Restricted Stock Units to a director is a common form of equity compensation in the technology and software industry, used to incentivize long-term commitment and align leadership interests with shareholder value creation.

Comparison to Industry Standards

• The practice of granting Restricted Stock Units (RSUs) to non-employee directors is a standard compensation mechanism across publicly traded companies, particularly within the software and cloud services sector like Sprinklr.
• While the specific size of the grant (14,138 RSUs) would typically be benchmarked against director compensation at peer companies of similar market capitalization and industry, this filing does not provide such comparative data.

Related Party Transactions

• The transaction involves the grant of equity compensation (RSUs) to Stephen M. Ward Jr., a Director of Sprinklr, Inc., which is a standard related-party transaction for director compensation.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The vesting of the First Grant of 8,220 RSUs will occur on the earlier of June 12, 2026, or the day prior to the Issuer's 2026 annual stockholder meeting.
• The Second Grant of 5,918 RSUs will vest in four equal quarterly installments on September 12, 2025, December 12, 2025, March 12, 2026, and June 12, 2026.

Key Dates

Keywords

Sprinklr, CXM, Form 4, Restricted Stock Units, RSU, Equity Grant, Insider Transaction, Director Compensation, Executive Compensation, SEC Filing