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

Sprinklr's General Counsel, Jacob Scott, sold 16,654 shares of Class A Common Stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On March 15, 2025, Jacob Scott, General Counsel of Sprinklr, Inc., acquired 171,428 shares of Class A Common Stock.
• These shares were acquired through the vesting of restricted stock units (RSUs).
• One-fourth of the RSUs vest on March 15, 2026, and the remaining RSUs vest in installments every quarter thereafter, contingent upon continuous service.
• On March 17, 2025, Scott sold 16,654 shares of Class A Common Stock at an average price of $8.84 per share.
• The sale was mandated by Sprinklr's equity incentive plan to cover statutory tax withholding obligations.
• Following the reported transactions, Scott beneficially owns 507,082 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by a company insider. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Future Outlook

The remaining RSUs will continue to vest quarterly, contingent upon the Reporting Person's continuous service to the Issuer.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The sale of shares by a company insider could have a minor impact on shareholder sentiment, but the sale was to cover tax obligations.

Key Dates