Form 4: Sprinklr Executive Arun Pattabhiraman Sells Shares Under 10b5-1 Trading Plan

Sprinklr's Chief Marketing Officer, Arun Pattabhiraman, sold 52,401 shares of Class A Common Stock on April 12, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 12, 2024, Arun Pattabhiraman, the Chief Marketing Officer of Sprinklr, Inc., sold 52,401 shares of Class A Common Stock.
• The sale was executed under a Rule 10b5-1 trading plan adopted on January 12, 2024.
• The shares were sold at a weighted average price of $11.66, with individual prices ranging from $11.53 to $11.88.
• Following the transaction, Pattabhiraman directly owns 491,862 shares of Sprinklr's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an insider stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific inside information.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates