Form 4: Sprinklr Executive Scott Michael Harvey Reports Stock Transactions

Chief Customer Officer of Sprinklr, Scott Michael Harvey, reports acquisition and disposal of Class A Common Stock related to vesting of restricted stock units.

Summary

• Scott Michael Harvey, Chief Customer Officer of Sprinklr, reported transactions involving Class A Common Stock.
• On March 15, 2025, Harvey acquired 300,000 shares of Class A Common Stock at $0, resulting from vesting of restricted stock units (RSUs).
• One-fourth of the RSUs vest on March 15, 2026, and one-twelfth of the remaining RSUs vest quarterly thereafter, contingent upon continuous service.
• On March 17, 2025, Harvey disposed of 23,441 shares at an average price of $8.84 to cover statutory tax withholding obligations.
• Following these transactions, Harvey beneficially owns 836,067 shares of Class A Common Stock.
• The sale of shares was mandated by Sprinklr's equity incentive plan to cover minimum statutory tax withholding obligations.

Sentiment

Score: 7

Explanation: The document reflects routine insider transactions related to equity compensation, which is generally neutral to slightly positive as it indicates alignment of executive interests with the company. The 'sell to cover' transaction is a standard practice.

Positives

• The vesting of RSUs indicates a continued alignment of the executive's interests with the company's performance.
• The 'sell to cover' transaction ensures compliance with tax obligations without requiring discretionary sales by the reporting person.

Future Outlook

The vesting schedule of the RSUs indicates continued equity-based compensation for the executive, subject to continuous service.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding the buying and selling activities of company executives.

Comparison to Industry Standards

• Executive compensation packages often include RSUs as a way to align management's interests with shareholder value.
• The 'sell to cover' practice for tax obligations is a common method used by companies to simplify tax compliance for employees receiving equity compensation.
• Comparing Sprinklr's executive compensation structure with peers like Salesforce (CRM) or Adobe (ADBE) can provide insights into industry norms.

Stakeholder Impact

• Shareholders are informed about the executive's stock transactions, providing transparency.
• Employees receiving equity compensation may be impacted by the company's 'sell to cover' policy for tax obligations.

Key Dates

Keywords

Sprinklr, CXM, Scott Michael Harvey, Class A Common Stock, RSU, Restricted Stock Units, Form 4, SEC, Insider Trading, Beneficial Ownership, Tax Withholding