Form 4: Sprinklr General Counsel Sells Shares to Cover Tax Obligations

Jacob Scott, General Counsel of Sprinklr, Inc., sold 16,602 shares of Class A Common Stock on March 18, 2024, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On March 18, 2024, Jacob Scott, the General Counsel and Corporate Secretary of Sprinklr, Inc., sold 16,602 shares of Class A Common Stock.
• The sale was executed to cover statutory tax withholding obligations associated with the vesting of restricted stock units.
• The shares were sold at a weighted average price of $13.03, with individual transactions ranging from $12.92 to $13.195.
• Following the transaction, Scott directly owns 197,994 shares of Sprinklr's Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a routine transaction for tax purposes and doesn't reflect a significant change in sentiment towards the company.

Industry Context

Sales to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives. This transaction is a routine event and doesn't necessarily indicate a change in the executive's confidence in the company.

Stakeholder Impact

• The sale has a minimal impact on shareholders as it is a small percentage of the outstanding shares and is related to tax obligations.

Key Dates