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