CXM Rule 144 Notice: 6,688 Vested Shares to Be Sold via Morgan Stanley
Rhea-AI Filing Summary
Sprinklr, Inc. (CXM) insider notice for proposed sale under Rule 144. The filer notifies intent to sell 6,688 shares of common stock through Morgan Stanley Smith Barney on the NYSE, with an aggregate market value of $51,807.25 based on the filing. The shares were acquired on 09/15/2025 via restricted stock vesting under a registered plan and payment/settlement is recorded as 09/15/2025. The filer also discloses two prior sales by the same person in the past three months totaling 68,880 shares for gross proceeds of $551,540.12 (sales on 06/20/2025 and 06/16/2025). The notice includes the required representation that the signer is not aware of undisclosed material adverse information.
Positive
- Full compliance with Rule 144 disclosure requirements, including broker, share counts, acquisition details, and recent sales
- Transparency about acquisition method (restricted stock vesting) and past three months' sales by the filer
Negative
- Insider selling activity is material to share supply: the filer sold 68,880 shares in the past three months and proposes another 6,688 shares
- No operational or financial context provided in the filing to explain timing of sales or the issuer's condition
Insights
TL;DR Insider plans a modest Rule 144 sale of newly vested restricted shares, previously sold larger blocks earlier in the quarter.
The filing reports a proposed sale of 6,688 common shares executed through a major broker and lists recent sales by the same person aggregating 68,880 shares for about $551,540.12. The shares to be sold were acquired via restricted stock vesting, indicating these are previously restricted equity now eligible for public sale under Rule 144. For investors, the filing documents routine insider liquidity rather than corporate operational changes; it provides transparency on insider share movement but contains no new operational or financial performance data.
TL;DR Proper Rule 144 disclosure of vested restricted shares; disclosure suggests routine executive share monetization.
The notice follows Rule 144 format by identifying the broker, share count, acquisition method, and recent sales by the same person. The acquisition via restricted stock vesting under a registered plan is explicitly stated, and the filer affirms absence of undisclosed material adverse information. This is standard compliance activity for insiders monetizing vested awards; the filing does not indicate departures, related-party transactions, or governance issues beyond routine disclosure.