Form 4: Sprinklr GC Jacob Scott's RSU Award & Tax Sale

Sprinklr's General Counsel, Jacob Scott, received a significant restricted stock unit award and subsequently sold shares to cover tax obligations.

Summary

• Jacob Scott, General Counsel and Corporate Secretary of Sprinklr, Inc. (CXM), acquired 280,210 shares of Class A Common Stock on March 15, 2026, as a Restricted Stock Unit (RSU) award.
• The RSUs have a vesting schedule: one-twelfth (1/12th) vests on June 15, 2026, with the remainder vesting in eleven substantially equal quarterly installments on subsequent September 15, December 15, March 15, and June 15, contingent on continuous service.
• On March 16, 2026, Scott disposed of 20,141 shares of Class A Common Stock at a weighted average price of $5.85 per share, with prices ranging from $5.765 to $5.91.
• This disposition was a "sell to cover" transaction to satisfy statutory tax withholding obligations related to the RSU vesting and was not a discretionary sale by the Reporting Person.
• Following these transactions, Scott beneficially owns 664,792 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting ongoing executive compensation through equity awards, which aligns management interests with shareholders. The 'sell to cover' is a routine, non-discretionary tax event.

Positives

• Jacob Scott, General Counsel, received a substantial Restricted Stock Unit (RSU) award of 280,210 shares, indicating continued equity-based compensation and alignment with shareholder interests.

Negatives

• A disposition of 20,141 shares occurred, although it was a non-discretionary "sell to cover" transaction for tax withholding purposes, not a voluntary sale by the insider.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider Form 4 filings, particularly those involving RSU awards and 'sell to cover' transactions, are common in the technology sector as a standard component of executive compensation packages. These transactions typically reflect pre-arranged equity plans rather than discretionary trading based on new company-specific information.

Related Party Transactions

• Acquisition of 280,210 Class A Common Stock shares as a Restricted Stock Unit (RSU) award from the issuer.
• Disposition of 20,141 Class A Common Stock shares to cover statutory tax withholding obligations related to RSU vesting, mandated by the issuer's equity incentive plans.

Stakeholder Impact

• Shareholders: The RSU award aligns the General Counsel's interests with shareholders, as his compensation is tied to the company's stock performance. The "sell to cover" transaction is a minor, non-discretionary event with minimal market impact.
• Employees: The RSU award indicates the company's continued use of equity compensation, which can be a positive for employee retention and motivation, particularly for key executives.

Next Steps

• Continued vesting of the RSU award on a quarterly basis (September 15, December 15, March 15, and June 15) following the initial June 15, 2026 vesting.

Key Dates

Recommendation

This Form 4 filing details a routine equity compensation award and a non-discretionary tax-related stock sale by an insider. It does not provide new fundamental information about Sprinklr's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The transactions are expected and do not signal a change in insider sentiment or company prospects.

Keywords

Sprinklr, CXM, Form 4, Insider Trading, Restricted Stock Units, RSU, Equity Compensation, Jacob Scott, General Counsel, Stock Sale, Tax Withholding