Insider Notice: 16,795 Sprinklr Shares to Be Sold via Morgan Stanley
Rhea-AI Filing Summary
Form 144 notice for Sprinklr, Inc. (CXM) reports a proposed sale of 16,795 common shares by the named person through Morgan Stanley Smith Barney LLC, with an aggregate market value of $130,099.11 and an approximate sale date of 09/16/2025 on the NYSE. The shares were acquired on 09/15/2025 as restricted stock that vested under a registered plan and payment was recorded as Not Applicable. The filer also reported a prior sale on 06/16/2025 of 16,222 shares for gross proceeds of $132,600.25. The filing includes the seller’s representation that they are not aware of undisclosed material adverse information about the issuer.
Positive
- Regulatory compliance: A Form 144 was filed, providing required public disclosure of the proposed insider sale.
- Transaction transparency: The filing specifies acquisition date, nature (restricted stock vesting), sale agent, share count, and aggregate value.
Negative
- None.
Insights
TL;DR Routine executive restricted-stock sale disclosed; size is modest versus outstanding shares and appears procedural.
The filing documents a planned sale of 16,795 Sprinklr common shares valued at $130,099.11, acquired via restricted stock vesting the prior day. Relative to the reported 142,422,232 shares outstanding, the position is immaterial in scale. The prior reported sale of 16,222 shares on 06/16/2025 for $132,600.25 shows recent insider liquidity activity. This notice fulfills regulatory disclosure requirements and provides transparency on insider sales; it does not on its own indicate operational or financial changes at the company.
TL;DR Filing reflects compliance with Rule 144 and a standard disclosure of vested restricted shares sold by an insider.
The document states the securities were issued to the person as restricted stock under a registered plan and were vested before the proposed sale, consistent with typical executive compensation monetization. The signed representation that no material nonpublic information is known is included, aligning with Rule 144 attestation expectations. No departures from standard governance disclosure practices are evident in the provided content.