CXM Form 144: Planned $502k share sale disclosed by insider
Rhea-AI Filing Summary
Sprinklr, Inc. (CXM) – Form 144 filing overview
An insider has filed a Form 144 indicating an intent to sell up to 62,422 common shares of Sprinklr. The proposed sale, to be executed through Morgan Stanley Smith Barney LLC, carries an aggregate market value of $502,497.10 based on the price at filing. Relative to the company’s 142,831,141 shares outstanding, the contemplated sale represents roughly 0.04 % of float.
The filer previously sold 6,458 shares on 16-Jun-2025 for gross proceeds of $52,761.86. The upcoming sale is targeted for 20-Jun-2025 on the NYSE. The shares being sold were originally acquired as restricted stock units (RSUs) on 30-Dec-2021; no cash consideration was paid at acquisition.
No other financial metrics, earnings data, or strategic disclosures accompany the notice. By signing the form, the insider attests that they are not in possession of undisclosed material adverse information.
Positive
- None.
Negative
- Planned insider sale of 62,422 shares may be perceived negatively by some investors despite representing only 0.04 % of outstanding equity.
Insights
TL;DR – Minor insider sale (0.04 % float); limited market impact.
The filing signals an individual’s intent to monetize RSUs worth roughly half-a-million dollars. Given the tiny fraction of shares versus total outstanding, liquidity impact is negligible and does not materially alter ownership structure. Still, any insider sale may prompt short-term sentiment questions, especially following a smaller disposal four days earlier. Absence of related corporate news reduces the likelihood of informational content; therefore, I view the disclosure as routine and immaterial to valuation.
TL;DR – Routine 144 filing; governance implications minimal.
The Form 144 complies with regulatory requirements, outlining RSU-derived share sales under Rule 144. No evidence of a 10b5-1 trading plan is disclosed, but the filer certifies no undisclosed adverse information. Transaction size is well below thresholds that might suggest control or strategic divestiture. Consequently, the event does not raise governance red flags, though investors often monitor insider patterns for sentiment cues.