Form 4: Sprinklr Executive Diane Adams Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Diane Adams, Chief Culture & Talent Officer at Sprinklr, Inc., sold 16,600 shares of Class A Common Stock on March 18, 2024, to cover statutory tax withholding obligations.
Summary
- On March 18, 2024, Diane Adams, the Chief Culture & Talent Officer of Sprinklr, Inc., sold 16,600 shares of Class A Common Stock.
- The sale was executed to cover statutory tax withholding obligations related to the vesting of restricted stock units.
- The shares were sold at a weighted average price of $13.03, with individual transactions ranging from $12.92 to $13.195.
- Following the transaction, Adams directly owns 251,340 shares of Sprinklr's Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 03/18/2024 | Date of stock sale transaction |
| 03/20/2024 | Date of signature on the Form 4 filing |
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