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Sprinklr Executive's $23.9M Share Dump Signals Potential Shift in Insider Confidence

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Sprinklr Director Thomas Ragy Files Form 144 for Major Stock Sale

Director Thomas Ragy has filed a Form 144 notice indicating intention to sell 3,000,000 Class A Common Shares of Sprinklr through Citigroup Global Markets. The proposed sale has an aggregate market value of $23,940,600, with shares to be sold on the NYSE around June 27, 2025.

Key details:

  • Ragy originally acquired 29,353,296 Class B shares from the issuer in June 2021, which will be converted to Class A shares upon sale
  • Recent trading activity shows Ragy sold 1,506 shares on April 29, 2025 ($11,626) and 3,000,000 shares on June 18, 2025 ($23,820,000)
  • Total outstanding shares: 256,647,000
  • Sale complies with average 4-week trading volume requirements

The filing includes standard attestation that the seller has no knowledge of undisclosed material adverse information regarding Sprinklr's operations.

Positive

  • None.

Negative

  • Director Ragy Thomas plans to sell 3,000,000 shares worth $23.9M, representing a significant insider sale following another recent large sale of $23.8M in June 2025
  • The combined sales of over $47M in less than two months by the same director could signal reduced confidence in the company's near-term prospects

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

How many shares is CXM Director Thomas Ragy planning to sell according to the Form 144 filed on June 28, 2025?

According to the Form 144 filing, Thomas Ragy plans to sell 3,000,000 Class A Common Shares of Sprinklr (CXM) through Citigroup Global Markets, Inc., with an aggregate market value of $23,940,600.00.

What is the trading history of CXM's Thomas Ragy in the past 3 months before the Form 144 filing?

In the 3 months prior to the Form 144 filing, Ragy Thomas made two sales: 1,506 Class A Common Shares on April 29, 2025, for gross proceeds of $11,626.32, and 3,000,000 shares on June 18, 2025, for gross proceeds of $23,820,000.00.

How did CXM Director Thomas Ragy originally acquire the shares being sold?

According to the filing, Ragy acquired 29,353,296 shares as Class B shares from the issuer on June 1, 2021. These Class B shares were then converted to Class A shares on the sale date.

What is the total number of CXM shares outstanding as of the Form 144 filing?

According to the Form 144 filing, Sprinklr (CXM) had 256,647,000 shares outstanding at the time of the filing.

When does CXM Director Thomas Ragy plan to execute the proposed sale?

According to the Form 144 filing, the approximate date of sale is indicated as June 27, 2025, and the shares will be sold on the NYSE.
Sprinklr Inc

NYSE:CXM

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1.98B
124.36M
5.98%
93.41%
5.51%
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