Form 4: Sprinklr Executive Sells Shares to Cover Tax Obligations After RSU Vesting
SEC Form 4 Filing
Arun Pattabhiraman, Chief Marketing Officer of Sprinklr, Inc., sold shares to cover tax obligations related to the vesting of restricted stock units.
Summary
- On March 15, 2025, Arun Pattabhiraman, the Chief Marketing Officer of Sprinklr, Inc., acquired 162,856 shares of Class A Common Stock upon the vesting of restricted stock units (RSUs).
- One-fourth of the RSUs vested on March 15, 2025, with the remainder vesting in installments on subsequent dates.
- On March 17, 2025, Pattabhiraman sold 29,499 shares of Class A Common Stock at an average price of $8.84 per share.
- The sale was mandated by Sprinklr's equity incentive plan to cover statutory tax withholding obligations.
- Following the reported transactions, Pattabhiraman beneficially owns 567,428 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, indicating a neutral sentiment.
Future Outlook
The remaining RSUs will continue to vest in installments quarterly, subject to the Reporting Person's continuous service to the Issuer.
Industry Context
Executive stock transactions are common and often related to compensation packages, particularly the vesting of restricted stock units. The sale to cover tax obligations is a standard practice.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Date of RSU vesting and acquisition of 162,856 shares of Class A Common Stock. |
| 03/17/2025 | Date of sale of 29,499 shares of Class A Common Stock at an average price of $8.84. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
| 03/15/2026 | Date when one-fourth of the RSUs shall vest. |
Keywords
Sprinklr, CXM, Arun Pattabhiraman, Chief Marketing Officer, Form 4, SEC Filing, Stock Sale, RSU Vesting, Tax Obligations, Class A Common Stock
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