[144] Sprinklr, Inc. SEC Filing

Rhea-AI Filing Summary

Sprinklr, Inc. (NYSE: CXM) – Form 144 filing discloses that insider Ragy Thomas intends to sell up to 3,000,000 Class A shares through Citigroup Global Markets on or about 2 July 2025. At the reference price used in the form, the shares are valued at $25.1 million, representing roughly 1.2 % of Sprinklr’s 256.6 million shares outstanding.

The filing also lists recent sales by the same insider over the prior three months:

• 3,000,000 shares on 18 Jun 2025 for $23.82 million
• 3,000,000 shares on 27 Jun 2025 for $23.94 million
• 1,506 shares on 29 Apr 2025 for $11.6 thousand

Including the proposed transaction, Thomas will have liquidated ~9 million shares (≈ 3.5 % of shares outstanding) since late April.

The shares to be sold were originally acquired as Class B stock in June 2021 and later converted to Class A. The filer certifies that no undisclosed material adverse information exists.

While a Form 144 is only a notice of intent, sizable insider selling can create an overhang and may be interpreted by investors as a negative signal for near-term share performance.

Positive

• Full Rule 144 compliance enhances transparency around insider selling plans.
• Conversion of Class B to Class A marginally increases public float and voting diversity.

Negative

• Proposed 3 million-share insider sale (~$25 M) adds to recent large disposals, creating supply overhang.
• Founder/insider cumulatively selling ~9 million shares (≈3.5 % of shares outstanding) in one quarter may signal reduced confidence.

Insights

Securities Analyst

TL;DR – Insider plans additional 3 M-share sale (~$25 M), extending heavy June selling; sentiment negative.

Another 3 million-share block brings Thomas’s disclosed Q2-25 sales to ~9 million shares. That equals about 3.5 % of CXM’s float, a meaningful enlargement of public supply that could pressure the stock in the short term. While Form 144s do not guarantee execution, prior filings on 18 Jun and 27 Jun were followed by completed trades, suggesting high likelihood of consummation. The sale is not tied to company fundamentals and may reflect diversification, but persistent founder selling often weighs on investor confidence and can be seen as a bearish signal absent offsetting corporate catalysts.

Corporate Governance Expert

TL;DR – Large, transparent sale; governance compliant but heightens overhang risk.

The notice demonstrates adherence to Rule 144 disclosure requirements and provides clarity on timing, broker, and share origin. Conversion from Class B to Class A increases public float and voting dispersion, modestly improving governance balance. However, cumulative insider liquidation in a compressed window can raise questions about long-term alignment between management and shareholders. No indications of material non-public information are asserted, but investors often discount such assurances. Overall impact skews negative on perception grounds, though governance processes appear intact.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Shares	Citigroup Global Markets, Inc 388 Greenwich Street New York NY 10013	3000000	25111500.00	256647000	07/02/2025	NYSE

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Shares	06/01/2021	Acquired as Class B shares on June 2021, which were then converted to Class A shares on sale date	Issuer			29353296	06/01/2021	Acquired as Class B shares on June 2021, which were then converted to Class A shares on sale date

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Ragy Thomas 441 9th Avenue 12th Floor New York NY 10001	Class A Common Shares	04/29/2025	1506	11626.32
Ragy Thomas 441 9th Avenue 12th Floor New York NY 10001	Class A Common Shares	06/18/2025	3000000	23820000.00
Ragy Thomas 441 9th Avenue 12th Floor New York NY 10001	Class A Common Shares	06/27/2025	3000000	23940600.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Sprinklr’s (CXM) latest Form 144 disclose?

It reveals insider Ragy Thomas intends to sell up to 3,000,000 Class A shares valued at $25.1 million around 2 Jul 2025.

How large is the proposed sale relative to Sprinklr’s share count?

The block equals about 1.2 % of the 256.6 million shares outstanding.

Has the insider recently sold additional CXM shares?

Yes. He sold 3 million shares on 18 Jun 2025 and another 3 million on 27 Jun 2025, plus minor sales in April.

Who is brokering the transaction?

Citigroup Global Markets, Inc. is listed as the broker for the proposed sale.

When were the shares originally acquired?

They were obtained as Class B shares on 1 Jun 2021 and converted to Class A prior to sale.

Does the filing indicate any undisclosed negative information?

The signer certifies that no material adverse, non-public information exists.