Form 4: Sprinklr Director Thomas Ragy Granted Over 56,000 Restricted Stock Units

Sprinklr, Inc. Director Thomas Ragy was granted 56,720 restricted stock units (RSUs) on June 12, 2025, as part of his compensation, which will vest by June 2026.

Summary

• Thomas Ragy, a Director of Sprinklr, Inc. (CXM), was granted 56,720 shares of Class A Common Stock in the form of Restricted Stock Units (RSUs).
• The transaction occurred on June 12, 2025, with a reported price of $0 per share, indicating a grant rather than a purchase.
• Following this transaction, Mr. Ragy directly beneficially owns a total of 1,007,054 shares.
• The RSUs are scheduled to vest in full on the earlier of June 12, 2026, or the day prior to Sprinklr's 2026 annual stockholder meeting, contingent upon Mr. Ragy's continuous service.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates standard director compensation and alignment of interests, but it's a routine filing with no significant new financial or operational information.

Positives

• The RSU grant aligns the director's interests with long-term shareholder value through equity ownership.
• It serves as a retention mechanism, incentivizing the director's continued service to the company.

Negatives

• The grant of RSUs, while common, represents a minor potential dilution of existing shareholder equity upon vesting.

Risks

• The vesting of the RSUs is subject to the reporting person's continuous service, meaning the award could be forfeited if service is terminated before the vesting date.

Future Outlook

The granted Restricted Stock Units (RSUs) are set to vest in full on the earlier of June 12, 2026, or the day prior to the Issuer's 2026 annual stockholder meeting, contingent on the director's continuous service.

Industry Context

The granting of Restricted Stock Units (RSUs) to directors is a standard practice in the technology and software industry, including for SaaS companies like Sprinklr. This form of equity compensation is widely used to attract, retain, and incentivize key personnel by aligning their financial interests with the long-term performance of the company and its shareholders.

Comparison to Industry Standards

• The grant of RSUs to a director is a common form of non-cash compensation across publicly traded companies, particularly in the technology sector.
• The vesting schedule, typically over one to four years, is also standard, with a one-year cliff or annual vesting being prevalent. This specific grant vests fully on the earlier of two dates within approximately one year, which is a relatively short vesting period for a full grant, often seen for board members.
• Comparable companies in the enterprise software or customer experience management space, such as Salesforce, Zendesk, or HubSpot, frequently utilize RSU grants as a significant component of their executive and director compensation packages to foster long-term commitment and performance alignment.

Related Party Transactions

• The RSU grant to Thomas Ragy, a Director of Sprinklr, Inc., constitutes a related party transaction as it involves compensation provided by the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: Minor potential dilution from the issuance of new shares upon vesting, but also improved alignment of director interests with long-term shareholder value.

Next Steps

• The RSUs are expected to vest on the earlier of June 12, 2026, or the day prior to Sprinklr's 2026 annual stockholder meeting, subject to continuous service.

Key Dates

Keywords

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