Form 4: Sprinklr General Counsel Sells Shares for Tax Obligations

Sprinklr's General Counsel, Jacob Scott, reported a non-discretionary sale of 6,458 Class A Common Stock shares at a weighted average price of $8.17 to cover statutory tax withholding obligations related to vested restricted stock units.

Summary

• Jacob Scott, the General Counsel and Corporate Secretary of Sprinklr, Inc. (CXM), filed a Form 4 reporting a transaction on June 16, 2025.
• Mr. Scott sold 6,458 shares of Sprinklr's Class A Common Stock at a weighted average price of $8.17 per share, with individual transaction prices ranging from $7.99 to $8.25.
• The sale was explicitly stated as a 'sell to cover' transaction, mandated by Sprinklr's equity incentive plans to satisfy minimum statutory tax withholding obligations upon the vesting of restricted stock units, and was not a discretionary sale by Mr. Scott.
• Following this transaction, Mr. Scott beneficially owns 504,086 shares of Class A Common Stock.
• His total holdings include 1,642 shares acquired on June 14, 2024, and 1,820 shares acquired on June 13, 2025, through the Issuer's employee stock purchase plan.

Sentiment

Score: 6

Explanation: The transaction is a non-discretionary 'sell to cover' for tax purposes, which is a neutral event. The continued significant holding by the insider is a positive sign of alignment with shareholder interests.

Positives

• The reported stock sale was non-discretionary, indicating it was not based on a negative outlook by management but rather a routine tax-related event tied to compensation.
• The transaction is a result of the vesting of restricted stock units, which represents a form of compensation for the General Counsel.
• The General Counsel retains a substantial beneficial ownership of 504,086 shares, demonstrating continued alignment with shareholder interests.

Future Outlook

No future outlook or guidance is provided in this Form 4 filing, as it is solely a report of an insider stock transaction.

Management Comments

• The sale 'represents the number of shares required to be sold to cover the statutory tax withholding obligations in connection with the vesting of the restricted stock units.'
• This sale 'is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of minimum statutory tax withholding obligations to be funded by a 'sell to cover' transaction and does not represent a discretionary sale by the Reporting Person.'

Industry Context

This document is a routine insider transaction filing (Form 4) and does not contain information relevant to broader industry trends, competitive landscape, or market positioning of Sprinklr, Inc.

Stakeholder Impact

• Shareholders: The impact on shareholders is minimal as the sale was non-discretionary and for tax purposes, not indicative of a change in management's confidence. The insider retains a substantial equity stake.
• Employees: No direct impact on employees is mentioned in this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is mentioned in this filing.

Key Dates

Keywords

Sprinklr, CXM, Form 4, Insider Trading, Stock Sale, Restricted Stock Units, Tax Withholding, Employee Stock Purchase Plan, Corporate Governance, Jacob Scott