Form 4: Sprinklr General Counsel Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Jacob Scott, General Counsel of Sprinklr, Inc., sold shares of Class A Common Stock to cover statutory tax withholding obligations related to vesting restricted stock units.
Summary
- On September 16 and 17, 2024, Jacob Scott, the General Counsel of Sprinklr, Inc., sold shares of Class A Common Stock.
- These sales were executed to cover statutory tax withholding obligations associated with the vesting of restricted stock units.
- On September 16, 2024, 2,963 shares were sold at a weighted average price of $7.83.
- On September 17, 2024, 749 shares were sold at a weighted average price of $7.84.
- Following these transactions, Scott directly owns 354,441 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document reports routine transactions (sales to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives and employees.
Stakeholder Impact
- The sale of shares by a company officer could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 09/16/2024 | Sale of 2,963 shares of Class A Common Stock at a weighted average price of $7.83. |
| 09/17/2024 | Sale of 749 shares of Class A Common Stock at a weighted average price of $7.84. |
| 09/18/2024 | Date of signature by Attorney-in-Fact, Jason Minio. |
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