Form 4: Sprinklr GC Sells Shares for Tax Obligations

Sprinklr's General Counsel, Jacob Scott, sold 6,688 shares of Class A Common Stock at a weighted average price of $7.75 to cover tax withholding obligations from restricted stock unit vesting.

Summary

• Jacob Scott, General Counsel and Corporate Secretary of Sprinklr, Inc. (CXM), reported a transaction involving Class A Common Stock.
• On September 16, 2025, Scott disposed of 6,688 shares of Class A Common Stock.
• The shares were sold at a weighted average price of $7.75, with individual transaction prices ranging from $7.67 to $7.81.
• This sale was mandated to cover statutory tax withholding obligations in connection with the vesting of restricted stock units, as per the Issuer's equity incentive plans, and was not a discretionary sale.
• Following this transaction, Scott beneficially owns 434,976 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine 'sell to cover' for tax obligations related to RSU vesting, indicating neither positive nor negative discretionary action by the executive. It is a standard event in executive compensation.

Positives

• The vesting of restricted stock units (RSUs) indicates the executive is realizing value from long-term incentive compensation, a standard practice for employee retention and motivation.

Negatives

• A reduction in the direct beneficial ownership of Class A Common Stock by a key executive, although for non-discretionary tax purposes.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary sale for tax purposes, unlikely to significantly affect the company's valuation or stock price.
• Employees (Executive): The executive is realizing value from vested restricted stock units, which is a standard component of executive compensation and incentive plans.

Key Dates

Recommendation

The Form 4 filing details a routine 'sell to cover' transaction by a key executive to satisfy tax obligations upon RSU vesting. This is a non-discretionary sale and does not reflect a change in management's confidence or the company's fundamentals. Therefore, it provides no new information to warrant a change in investment recommendation, suggesting a 'hold' position for existing investors.

Keywords

Sprinklr, CXM, Form 4, insider transaction, stock sale, executive compensation, restricted stock units, tax withholding