Form 4: Sprinklr Executive Sells Shares to Cover Tax Obligations

A Sprinklr executive, Arun Pattabhiraman, sold shares to cover tax obligations related to vesting restricted stock units.

Summary

• Arun Pattabhiraman, Chief Marketing Officer at Sprinklr, Inc., sold a total of 12,273 shares of Class A Common Stock.
• The sales occurred on December 16th and 17th, 2024.
• The shares were sold at weighted average prices of $9.37 and $9.32 respectively.
• The sales were to cover statutory tax withholding obligations related to the vesting of restricted stock units.
• These sales were not discretionary but mandated by the company's equity incentive plan.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies. It does not indicate any specific trend or issue within the industry.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a standard practice across publicly listed companies.
• The sale of shares by Sprinklr's CMO is consistent with typical insider trading activity related to equity compensation.

Stakeholder Impact

• The stock sales have a minimal impact on shareholders as they are routine transactions related to executive compensation.

Key Dates

Keywords

Sprinklr, insider trading, stock sale, Form 4, equity compensation, tax withholding, restricted stock units, CXM