Form 4: Sprinklr Executive Sells Shares to Cover Tax Obligations

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

Summary

• On June 17, 2024, Arun Pattabhiraman, the Chief Marketing Officer of Sprinklr, Inc., sold 12,645 shares of Class A Common stock.
• The sale was executed to cover statutory tax withholding obligations associated with the vesting of restricted stock units.
• The shares were sold at a weighted average price of $8.87, with individual transactions ranging from $8.83 to $8.90.
• Following the transaction, Pattabhiraman still beneficially owns 479,217 shares of Sprinklr's Class A Common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't indicate a change in the executive's confidence in the company.

Industry Context

Sales to cover taxes on vesting equity are a routine part of executive compensation and are not necessarily indicative of a negative outlook on the company.

Comparison to Industry Standards

• Executive stock sales for tax obligations are common across publicly traded companies, including competitors like Salesforce (CRM) and Adobe (ADBE).
• The 'sell to cover' mechanism is a standard practice to manage tax liabilities associated with equity compensation.

Stakeholder Impact

• The sale may have a minor impact on shareholders due to the small volume of shares sold.
• Employees are not directly impacted by this transaction.

Key Dates