Form 4: Sprinklr Executive Sells Shares to Cover Tax Obligations

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

Summary

• On March 18, 2024, Arun Pattabhiraman, the Chief Marketing Officer of Sprinklr, Inc., sold 27,859 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 $13.03, with individual transactions ranging from $12.92 to $13.195.
• Following the transaction, Pattabhiraman directly owns 382,101 shares of Sprinklr's Class A Common Stock.

Sentiment

Score: 6

Explanation: The document reflects a neutral sentiment. It describes a routine transaction related to tax obligations, which is a normal part of executive compensation. There is no indication of positive or negative sentiment towards the company's performance or future prospects.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest. This type of transaction is closely monitored by investors to assess insider sentiment, but in this case, it is explicitly stated that the sale was mandated by the company's policy.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the explanation provided mitigates this concern.

Key Dates