Form 4: Sprinklr Executive Arun Pattabhiraman Sells Shares to Cover Tax Obligations

Arun Pattabhiraman, Chief Marketing Officer of Sprinklr, Inc., sold shares of Class A Common Stock to cover statutory tax withholding obligations related to the vesting of restricted stock units.

Summary

• On September 16, 2024, Arun Pattabhiraman, the Chief Marketing Officer of Sprinklr, sold 10,291 shares of Class A Common Stock at a weighted average price of $7.83.
• The shares were sold in multiple transactions with prices ranging from $7.82 to $7.895.
• On September 17, 2024, Pattabhiraman sold an additional 2,603 shares of Class A Common Stock at a weighted average price of $7.84.
• These shares were sold in multiple transactions with prices ranging from $7.80 to $7.895.
• The sales were mandated by Sprinklr's equity incentive plans to cover statutory tax withholding obligations.
• Following these transactions, Pattabhiraman directly owns 446,344 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a neutral sentiment as it primarily reports on stock sales for tax obligations, a routine financial transaction.

Industry Context

Sales to cover tax obligations are a routine part of equity compensation and are not necessarily indicative of a change in sentiment regarding the company's prospects.

Comparison to Industry Standards

• Executive stock sales for tax obligations are common across publicly traded companies.
• Companies like Salesforce (CRM) and Adobe (ADBE) also have executives who periodically sell shares for similar reasons.
• The scale of the sale is small relative to the total shares outstanding, suggesting it is a routine transaction.

Key Dates