Sprinklr (NYSE: CXM) sets 2026 virtual meeting, director election and say-on-pay vote
Sprinklr, Inc. is holding its 2026 Annual Meeting of Stockholders as a virtual-only event on June 11, 2026 at 10:00 a.m. Eastern Daylight Time. Stockholders of record at the close of business on April 14, 2026 may attend and vote online using a 16-digit control number.
Holders will vote on three items: electing one Class II director (Stephen M. Ward, Jr.), an advisory "say-on-pay" vote on named executive officer compensation, and ratifying KPMG LLP as independent registered public accounting firm for the fiscal year ending January 31, 2027.
The company has a classified, seven-member board after the Annual Meeting, with Class A common stock carrying one vote per share and Class B common stock carrying ten votes per share. Executive pay emphasizes base salary, annual performance-based cash bonuses tied to revenue and non-GAAP operating income, and equity awards to align management with stockholders.
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Key Figures
Key Terms
classified board regulatory
broker non-votes financial
non-GAAP operating income financial
say-on-pay vote regulatory
lead independent director regulatory
clawback policy financial
Compensation Summary
| Name | Title | Total Compensation |
|---|---|---|
| Rory Read | ||
| Anthony Coletta | ||
| Joy Corso | ||
| Sanjay Macwan | ||
| Karthik Suri |
- Election of one Class II director, Stephen M. Ward, Jr.
- Advisory approval of compensation of named executive officers (say-on-pay)
- Ratification of KPMG LLP as independent registered public accounting firm for the fiscal year ending January 31, 2027
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Filed by the Registrant | ☒ | ||
Filed by a Party other than the Registrant | ☐ | ||
☐ | Preliminary Proxy Statement | ||
☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) | ||
☒ | Definitive Proxy Statement | ||
☐ | Definitive Additional Materials | ||
☐ | Soliciting Material Pursuant to § 240.14a-12 | ||
☒ | No fee required. | ||
☐ | Fee paid previously with preliminary materials. | ||
☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. | ||
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1. | To elect one Class II director, Stephen M. Ward, Jr., to hold office until our Annual Meeting of Stockholders in 2029. |
2. | To approve, on a non-binding, advisory basis, the compensation of our named executive officers, as disclosed in this proxy statement. |
3. | To ratify the selection of KPMG LLP as our independent registered public accounting firm for the fiscal year ending January 31, 2027. |
4. | To transact such other business as may properly come before the Annual Meeting and any adjournments, continuations or postponements thereof. |
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By Order of the Board of Directors, | |||
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Jacob Scott General Counsel and Corporate Secretary | |||
New York, New York May 1, 2026 | |||
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Questions and Answers About These Proxy Materials and Voting | 1 | ||
Proposal 1: To Elect One Class II Director | 7 | ||
Information Regarding Director Nominee and Current Directors | 8 | ||
Information Regarding the Board of Directors and Corporate Governance | 11 | ||
Proposal 2: To Approve, on a Non-Binding, Advisory Basis, the Compensation of Our Named Executive Officers | 19 | ||
Executive Officers | 20 | ||
Executive Compensation | 22 | ||
CEO Pay Ratio | 45 | ||
Pay-Versus-Performance | 46 | ||
Director Compensation | 52 | ||
Equity Compensation Plan Information | 55 | ||
Proposal 3: To Ratify the Selection of KPMG LLP as Our Independent Registered Public Accounting Firm | 56 | ||
Security Ownership of Certain Beneficial Owners and Management | 57 | ||
Transactions with Related Persons | 59 | ||
Other Information for Stockholders | 60 | ||
Other Matters | 61 | ||
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• | Stockholder of Record: Shares Registered in Your Name. If, on the Record Date, your shares were registered directly in your name with our transfer agent, Computershare Trust Company, N.A., then you are considered the stockholder of record with respect to those shares. As the stockholder of record, you have the right to grant your voting proxy directly to the individuals listed on the proxy card or to vote at the Annual Meeting. |
• | Beneficial Owner: Shares Registered in the Name of a Broker or Bank. If, on the Record Date, your shares were held not in your name, but rather in an account at a brokerage firm, bank or other similar organization, then you are considered the beneficial owner of shares held in “street name” and the Notice is being forwarded to you by that organization. The organization holding your account is considered to be the stockholder of record for purposes of voting at the Annual Meeting. As the beneficial owner, you have the right to direct your broker, bank or other agent regarding how to vote the shares in your account. You also are invited to attend the Annual Meeting. |
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• | Proposal 1: To elect one Class II director, Stephen M. Ward, Jr., to hold office until our Annual Meeting of Stockholders in 2029. |
• | Proposal 2: To approve, on a non-binding, advisory basis, the compensation of our named executive officers, as disclosed in this proxy statement. |
• | Proposal 3: To ratify the selection of KPMG LLP as our independent registered public accounting firm for the fiscal year ending January 31, 2027. |
• | To vote online during the Annual Meeting, follow the provided instructions to join the Annual Meeting at www.virtualshareholdermeeting.com/CXM2026, starting at 10:00 a.m., Eastern Daylight Time, on June 11, 2026. The webcast will open 15 minutes before the start of the Annual Meeting. |
• | To vote in advance of the Annual Meeting through the Internet, go to www.proxyvote.com to complete an electronic proxy card. You will be asked to provide the company number and 16-digit control number from the Notice or the printed proxy card. Your Internet vote must be received by 11:59 p.m., Eastern Daylight Time, on June 10, 2026 to be counted. |
• | To vote in advance of the Annual Meeting by telephone, dial 1-800-690-6903 using a touch-tone phone and follow the recorded instructions. You will be asked to provide the company number and 16-digit control number from the Notice or the printed proxy card. Your telephone vote must be received by 11:59 p.m., Eastern Daylight Time, on June 10, 2026 to be counted. |
• | To vote in advance of the Annual Meeting using a printed proxy card that may be delivered to you, simply complete, sign and date the proxy card and return it promptly in the envelope provided. If you return your signed proxy card to us before the Annual Meeting, we will vote your shares as you direct. |
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• | “FOR” the election of the nominee for director (Proposal 1); |
• | “FOR” the advisory approval of executive compensation (Proposal 2); and |
• | “FOR” the ratification of KPMG LLP as our independent registered public accounting firm for the fiscal year ending January 31, 2027 (Proposal 3). |
• | Submit another properly completed proxy card with a later date. |
• | Grant a subsequent proxy by telephone or through the Internet. |
• | Send a timely written notice that you are revoking your proxy via email at ir@sprinklr.com. |
• | Attend the Annual Meeting and vote online during the meeting. Simply attending the Annual Meeting will not, by itself, revoke your proxy. Even if you plan to attend the Annual Meeting, we recommend that you also submit your proxy or voting instructions or vote in advance of the Annual Meeting by telephone or through the Internet so that your vote will be counted if you later decide not to attend the Annual Meeting. |
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Proposal | Vote Required for Approval | Effect of Abstentions or Withhold Votes, as Applicable | Effect of Broker Non-Votes | ||||||
1. Election of Director | Directors are elected by a plurality of the votes of the shares present in person, by remote communication, if applicable, or represented by proxy at the Annual Meeting and entitled to vote generally on the election of directors. In other words, the nominee receiving the most “FOR” votes will be elected. | No effect | No effect | ||||||
2. Advisory approval of the compensation of our named executive officers | This proposal, commonly referred to as the “say-on-pay” vote, must receive “FOR” votes from the holders of shares representing a majority of the voting power of the shares of common stock present in person, by remote communication, if applicable, or represented by proxy and voting affirmatively or negatively (excluding abstentions and broker non-votes) on the matter. | No effect | No effect | ||||||
3. Ratification of the selection of KPMG LLP as our independent registered public accounting firm for the fiscal year ending January 31, 2027 | This proposal must receive “FOR” votes from the holders of shares representing a majority of the voting power of the shares of common stock present in person, by remote communication, if applicable, or represented by proxy and voting affirmatively or negatively (excluding abstentions and broker non-votes) on the matter. | No effect | Not applicable | ||||||
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Name | Age | Position | Director Since | ||||||
Class II director nominee for election at the 2026 Annual Meeting of Stockholders | |||||||||
Stephen M. Ward, Jr. | 71 | Director | 2025 | ||||||
Class III directors continuing in office until the 2027 Annual Meeting of Stockholders | |||||||||
Rory Read | 64 | President and Chief Executive Officer | 2024 | ||||||
Eileen Schloss | 72 | Lead Independent Director | 2022 | ||||||
Tarim Wasim | 48 | Director | 2020 | ||||||
Class I directors continuing in office until the 2028 Annual Meeting of Stockholders | |||||||||
Jan R. Hauser | 67 | Director | 2025 | ||||||
Kevin Haverty | 60 | Director | 2022 | ||||||
Ragy Thomas | 52 | Founder and Chairman | 2009 | ||||||
Class II directors not continuing in office after the 2026 Annual Meeting of Stockholders | |||||||||
Neeraj Agrawal | 53 | Director | 2011 | ||||||
Yvette Kanouff | 60 | Director | 2018 | ||||||
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Jan R. Hauser | Kevin Haverty | Rory Read | Eileen Schloss | Ragy Thomas | Stephen M. Ward, Jr. | Tarim Wasim | |||||||||||||||
Executive Leadership Experience | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | |||||||||||||||
Other Public Company Board Experience | ✔ | ✔ | ✔ | ✔ | |||||||||||||||||
Software and Technology Industry Experience | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ||||||||||||||
Company Growth and Scale Experience | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ||||||||||||||
Financial Experience | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | |||||||||||||||
International Business Experience | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ||||||||||||||
Mergers and Acquisitions Experience | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | |||||||||||||||
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• | Dual-class capital structure: We believe that this structure (i) protects management from short-term market pressure and outside influences and allows them to focus on Sprinklr’s long-term growth strategies and (ii) helps to ensure a solid and supportive investor base throughout challenging economic cycles and crises, which is particularly important in the current macroeconomic environment, given the global economic, political and market uncertainty. |
• | Classified board: We believe that this structure (i) encourages directors to focus on the long-term best interests of Sprinklr and our stockholders, (ii) maintains continuity and experience to ensure that, at any given time, there are directors serving on our board of directors who have developed a deep understanding of our business, risk profile, and technology and product strategies and (iii) assists us in attracting and retaining director candidates who are willing to make long-term service commitments to Sprinklr, which enables more effective oversight and long-term strategic planning, particularly during our current transformation. Further, we believe that this structure does not compromise our directors’ accountability to our stockholders, particularly given that all directors are required to uphold their fiduciary duties to Sprinklr and our stockholders regardless of their term length. |
• | Supermajority vote requirement to enact certain changes to our governing documents: We believe that this requirement (i) is appropriately limited, as it applies only to extraordinary transactions and fundamental changes to corporate governance, and (ii) promotes corporate governance stability and helps to ensure broad stockholder support for certain fundamental corporate actions. |
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• | helping our board of directors oversee our corporate accounting and financial reporting processes; |
• | managing the selection, engagement, qualifications, independence and performance of a qualified firm to serve as the independent registered public accounting firm to audit our financial statements; |
• | discussing the scope and results of the audit with the independent registered public accounting firm, and reviewing, with management and the independent accountants, our interim and year-end operating results; |
• | developing procedures for employees to submit concerns anonymously about questionable accounting or audit matters; |
• | reviewing related person transactions; |
• | overseeing the scope, design, adequacy and effectiveness of our internal controls over financial reporting and our disclosure controls and procedure; |
• | approving or, as permitted, pre-approving, audit and permissible non-audit services to be performed by the independent registered public accounting firm; and |
• | reviewing significant information security matters and concerns, including cybersecurity, data privacy and related regulatory matters and legal compliance. |
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• | reviewing and approving the compensation, including the corporate goals and objectives relevant to such compensation, of our chief executive officer, other executive officers and senior management; |
• | reviewing, evaluating and recommending to our board of directors succession plans for our executive officers; |
• | reviewing and recommending to our board of directors the compensation paid to our directors; |
• | reviewing and approving the list of companies to be used in any compensation peer group used to determine compensation levels; |
• | administering our equity incentive plans and other benefit programs; |
• | reviewing, adopting, amending and terminating incentive compensation and equity plans, severance agreements, profit sharing plans, bonus plans, change-of-control protections and any other compensatory arrangements for our executive officers and other senior management; |
• | reviewing and establishing general policies relating to compensation and benefits of our employees, including our overall compensation philosophy; and |
• | overseeing compliance with any applicable compensation clawback policies. |
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• | identifying and evaluating candidates, including the nomination of incumbent directors for re-election and nominees recommended by stockholders, to serve on our board of directors; |
• | considering and making recommendations to our board of directors regarding the composition and chairmanship of the committees of our board of directors; |
• | reviewing any stockholder proposals submitted for inclusion in a proxy statement for a meeting of our stockholders; |
• | instituting plans or programs for the continuing education of our board of directors and orientation of new directors; |
• | developing and making recommendations to our board of directors regarding corporate governance guidelines and matters; |
• | reviewing, considering, making recommendations to our board of directors and/or taking action regarding environmental, social responsibility and sustainability matters; |
• | evaluating developments in corporate governance and stockholder engagement; and |
• | overseeing periodic evaluations of the board of directors’ performance, including committees of the board of directors. |
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• | overseeing the development and implementation of our corporate strategy, including our technology and product strategies and our short- and long-term strategic plans; and |
• | reviewing, evaluating and, if applicable, making recommendations to our board of directors regarding capital allocation, strategic investments, potential acquisitions and other transactions. |
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Name | Age | Principal Position | ||||
Rory Read | 64 | President, Chief Executive Officer and Director | ||||
Anthony Coletta | 50 | Chief Financial Officer | ||||
Joy Corso | 57 | Chief Administrative Officer | ||||
Sanjay Macwan | 58 | Chief Information Officer | ||||
Amitabh Misra | 53 | Chief Technology Officer | ||||
Jacob Scott | 43 | General Counsel and Corporate Secretary | ||||
Karthik Suri | 52 | Chief Product and Corporate Strategy Officer | ||||
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NEOs | Title | ||
Rory Read | President, Chief Executive Officer and Director | ||
Anthony Coletta | Chief Financial Officer | ||
Joy Corso | Chief Administrative Officer | ||
Sanjay Macwan | Chief Information Officer | ||
Karthik Suri | Chief Product and Corporate Strategy Officer | ||
Manish Sarin | Former Chief Financial Officer | ||
Scott Millard | Former Chief Revenue Officer | ||
• | In April 2025, Mr. Macwan was appointed as our Chief Information Officer; |
• | In September 2025, we announced that Mr. Sarin, our then-serving Chief Financial Officer, would leave the Company on September 19, 2025. Subsequently, in October 2025, Mr. Coletta was appointed as our Chief Financial Officer, principal financial officer and principal accounting officer, assuming such roles from Mr. Read, who had served in such roles on an interim basis following Mr. Sarin’s departure; |
• | In September 2025, Mr. Millard was appointed as our Chief Revenue Officer, the position in which he served until he left the Company in November 2025; and |
• | In October 2025, Mr. Suri was appointed as our Chief Product and Corporate Strategy Officer. |
• | In fiscal year 2026, we measured the achievement of total revenue and non-GAAP operating income as our top-line and bottom-line corporate performance goals, respectively. These goals are tied to our annual cash bonus plan. We achieved solid results throughout the fiscal year and exceeded the target levels for each of our corporate performance goals. |
• | Base Salaries. In March 2025, our compensation committee reviewed the base salaries of our then-serving NEOs and determined to withhold all merit increases in order to invest in our long-term financial health. |
• | Annual Cash Bonus Plan. In fiscal year 2026, in response, in part, to stockholder feedback, our compensation committee adopted the Fiscal Year 2026 Bonus Plan (the “2026 Bonus Plan”), which was designed as a formulaic short-term incentive program pursuant to which annual bonuses were to be earned on the basis of |
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• | Annual Cash Bonus Awards. In March 2026, our compensation committee approved annual cash bonus awards under the 2026 Bonus Plan for our then-eligible NEOs based on our actual achievement measured against the preestablished total revenue and non-GAAP operating income performance goals as described in more detail in the section below titled, “Annual Cash Bonus Awards.” In determining the amount of these awards, our compensation committee exercised discretion to reduce the award amounts to levels that were less than the amount calculated under the terms of the 2026 Bonus Plan. |
• | Long-Term Incentive Awards. In March 2025, our compensation committee approved performance stock unit (“PSU”) and restricted stock unit (“RSU”) awards for our then-incumbent NEOs (other than our President and Chief Executive Officer, Mr. Read) under our 2021 Equity Incentive Plan, as more fully described in the section below titled, “Long-Term Incentive Compensation.” Consistent with the terms of his employment agreement, in which his fiscal year 2026 equity award allocation was granted concurrently with his November 2024 new hire equity award, Mr. Read was not granted any equity awards in fiscal year 2026. Our compensation committee granted equity awards to each of Messrs. Coletta, Macwan, Millard and Suri in connection with their respective appointments as executive officers, as described in more detail below in the section titled, “Long-Term Incentive Compensation.” Due to the timing of Ms. Corso’s hiring on January 13, 2025, shortly before our 2025 fiscal year end, and our standard monthly new hire award cadence, Ms. Corso received a new hire award in February 2025 and an annual equity award in March 2025. |
What we do: | |||
✔ | Responsible use of shares under our long-term incentive compensation program | ||
✔ | Maintain an executive severance policy with a double-trigger severance and equity vesting upon a change of control | ||
✔ | Compensation committee retains independent and experienced compensation consultant | ||
✔ | Assess risks of our compensation program | ||
✔ | Maintain minimum stock ownership guidelines for our executive officers and non-employee directors | ||
✔ | Maintain a NYSE-compliant clawback policy for incentive compensation | ||
✔ | Conduct an annual Say-on-Pay advisory vote | ||
✔ | Have a compensation committee comprised of all independent directors | ||
✔ | Engage in succession planning for executive management and our next generation of leaders | ||
What we do not do: | |||
✘ | No hedging of our stock | ||
✘ | No pledging of our stock | ||
✘ | No excessive perquisites | ||
✘ | No defined benefit or supplemental executive retirement plans | ||
✘ | No tax reimbursement payments (or tax “gross-ups”) on payments in connection with a change of control | ||
• | motivate, attract and retain highly qualified executives who are committed to our mission, performance and culture by paying them competitively; |
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• | create a fair, reasonable and balanced compensation program that rewards executives’ performance and contributions to our short- and long-term business results, while closely aligning the interests of the executives with those of our stockholders; and |
• | emphasize pay for performance, with a program that aligns financial and operational achievements. |
• | provide base salaries consistent with each executive’s role and responsibilities so that they are not motivated to take excessive risks to achieve a reasonable level of financial security; |
• | ensure that a significant portion of each executive’s target total direct compensation is tied to our future share performance, thus aligning such executive’s interests with those of our stockholders; |
• | utilize equity compensation and performance and/or vesting periods for equity awards that encourage executives to remain employed and focused on sustained share price appreciation; and |
• | utilize a mix between cash and equity compensation designed to encourage strategies and actions that are in our long-term best interests. |
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• | conducting an executive market pay study, including an analysis of competitive performance and compensation levels within our peer group; |
• | updating the compensation peer group used as a reference in making executive compensation decisions; |
• | evaluating the efficacy of our existing compensation strategy and current executive pay policies and practices and considering potential refinements or alternative policies and practices, in supporting and reinforcing our long-term financial and strategic goals; |
• | reviewing our non-employee director compensation policies and practices; and |
• | assisting in the preparation of our Compensation Discussion and Analysis. |
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• | Sector: We focused on information technology companies based in the United States that, at the time of review: |
○ | Revenue: Reported revenue within a range of approximately 0.3x to 3.0x of our trailing four-quarter revenue for the period ended July 31, 2024 of approximately $774 million; and |
○ | Market Capitalization: A market capitalization within a range of approximately 0.25x to 4.0x of our then-30-day average market capitalization of approximately $1.965 billion. |
Blackbaud (BLKB) Blackline (BL) Box (BOX) Braze (BRZE) CCC Intelligent Solutions Holdings (CCCS) | DoubleVerify Holdings (DV) EverCommerce (EVCM)* Five9 (FIVN) Freshworks (FRSH) Informatica (INFA)* | LiveRamp Holdings (RAMP)* nCino (NCNO)* Paycor HCM (PYCR)* Pegasystems (PEGA) Sprout Social (SPT) | Verint Systems (VRNT)* Workiva (WK) Zeta Global Holdings (ZETA)* | ||||||
* | New peers for fiscal year 2026. |
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Element of Compensation | Objectives | Key Points | ||||
Base Salary (fixed-cash compensation) | Provides financial stability and security through a fixed salary for performing job responsibilities. | The base salary of each executive, including each NEO, generally is determined and approved by our compensation committee. Base salaries generally are reviewed and determined annually at the beginning of the fiscal year. Individual base salaries are determined based on a number of factors, including, but not limited to, the executive’s performance, contributions, experience (including time in the specific role), skills, level of responsibility, internal parity and an analysis of competitive market data prepared by our compensation committee’s independent compensation consultant. | ||||
Short-Term Performance-Based Incentive Compensation (cash variable compensation) | Motivates and rewards employees for achieving rigorous annual corporate performance goals that relate to our key annual and long-term business objectives. | Our annual cash bonus plan for our senior executives (the “Bonus Plan”) provides our NEOs with an opportunity to earn annual cash bonus payments contingent upon performance, which is based on the attainment of specified performance goals as established by our compensation committee. For fiscal year 2026, the performance goals were based on achievement of total revenue (weighted at 50%) and non-GAAP operating income (weighted at 50%). Target annual cash bonus opportunities are set as a percentage of base salary. | ||||
Equity-Based Incentive Awards (variable compensation in the form of RSUs and PSUs) | Motivates and rewards for long-term company performance; aligns executives’ interests with stockholder interests and changes in stockholder value. Attracts highly qualified executives and encourages their continued employment over the long-term. | Annual equity award opportunities generally are reviewed and determined at the beginning of each fiscal year or as appropriate during the year for new hires, promotions, or other special circumstances, such as to encourage retention. Individual awards are determined based on various factors, including current corporate and individual performance, outstanding equity holdings and their retention value, historical value of our stock, internal equity amongst executives and an analysis of competitive market data prepared by our compensation committee’s independent compensation consultant. | ||||
• | in March 2025, our compensation committee reviewed the base salaries of our then-serving NEOs, Ms. Corso and Messrs. Read and Sarin, and determined to maintain their annual base salaries at their fiscal year 2025 levels to invest in our long-term financial health; |
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• | in April 2025, our compensation committee approved Mr. Macwan’s base salary in connection with his appointment as our Chief Information Officer; |
• | in September 2025, our compensation committee approved Mr. Millard’s base salary in connection with his appointment as our Chief Revenue Officer; and |
• | in October 2025, our compensation committee approved the base salaries of Messrs. Coletta and Suri in connection with their appointments as our Chief Financial Officer and Chief Product and Corporate Strategy Officer, respectively. |
NEO | Fiscal Year 2026 Base Salary | Percentage Increase from Fiscal Year 2025 Base Salary | ||||
Rory Read | $675,000 | — | ||||
Anthony Coletta(1) | $460,000 | N/A | ||||
Joy Corso | $475,000 | — | ||||
Sanjay Macwan(2) | $385,000 | N/A | ||||
Karthik Suri(3) | $500,000 | N/A | ||||
Manish Sarin(4) | $480,480 | — | ||||
Scott Millard(5) | $475,000 | N/A | ||||
(1) | Mr. Coletta was appointed as our Chief Financial Officer effective October 7, 2025. Mr. Coletta’s base salary was established through arm’s length negotiation and the appropriate factors described in the section above titled, “How We Determine Executive Compensation—Setting Executive Compensation” in connection with his appointment. |
(2) | Mr. Macwan was appointed as our Chief Information Officer effective April 9, 2025. Mr. Macwan’s base salary was established through arm’s length negotiation and the appropriate factors described in the section above titled, “How We Determine Executive Compensation—Setting Executive Compensation” in connection with his appointment. |
(3) | Mr. Suri was appointed as our Chief Product and Corporate Strategy Officer effective October 27, 2025. Mr. Suri’s base salary was established through arm’s length negotiation and the appropriate factors described in the section above titled, “How We Determine Executive Compensation—Setting Executive Compensation” in connection with his appointment. |
(4) | Mr. Sarin, our former Chief Financial Officer, terminated service as an employee on September 19, 2025. |
(5) | Mr. Millard was appointed as our Chief Revenue Officer effective as of September 22, 2025. Mr. Millard’s base salary was established through arm’s length negotiation and the appropriate factors described in the section above titled, “How We Determine Executive Compensation—Setting Executive Compensation” in connection with his appointment. Mr. Millard voluntarily terminated service as an employee on November 11, 2025. |
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NEO | FY26 Target Annual Cash Bonus Opportunity (% of base salary) | FY26 Target Annual Cash Bonus Opportunity ($) | ||||
Rory Read | 100% | $675,000 | ||||
Anthony Coletta(1) | 90% | $132,707 | ||||
Joy Corso | 90% | $427,500 | ||||
Sanjay Macwan(2) | 55% | $172,881 | ||||
Karthik Suri(3) | 90% | $119,589 | ||||
Manish Sarin(4) | 90% | $273,676 | ||||
Scott Millard(5) | 100% | $66,370 | ||||
(1) | Mr. Coletta’s target cash bonus opportunity was established through arm’s length negotiation and the appropriate factors described in the section above titled, “How We Determine Executive Compensation—Setting Executive Compensation.” The amount reported is his prorated target opportunity based on his employment start date of October 7, 2025. |
(2) | Mr. Macwan’s target cash bonus opportunity was established through arm’s length negotiation and the appropriate factors described in the section above titled, “How We Determine Executive Compensation—Setting Executive Compensation.” The amount reported is his prorated target opportunity based on his employment start date of April 9, 2025. |
(3) | Mr. Suri’s target cash bonus opportunity was established through arm’s length negotiation and the appropriate factors described in the section above titled, “How We Determine Executive Compensation—Setting Executive Compensation.” The amount reported is his prorated target opportunity based on his employment start date of October 27, 2025. |
(4) | Mr. Sarin, our former Chief Financial Officer, terminated service as an employee on September 19, 2025. The amount reported is his prorated target opportunity based on his termination date. Mr. Sarin received 100% of his prorated target cash bonus opportunity per the terms of his separation agreement. |
(5) | Mr. Millard, our former Chief Revenue Officer, commenced service as an employee on September 22, 2025. His target cash bonus opportunity was established through arm’s length negotiation and the appropriate factors described in the section above titled, “How We Determine Executive Compensation—Setting Executive Compensation.” Mr. Millard voluntarily terminated service as an employee on November 11, 2025 and was not eligible to receive an annual cash bonus payment. The amount reported is his prorated target opportunity based on his service during fiscal year 2026. |
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Corporate Performance Goal | Payout Formula(3) | Weight | Calculated Payout Funding | Weighted Payout Percentage | ||||||||
Total Revenue(1) | Less than threshold achievement (97.3% of target): no payout Target achievement (100% of target): 100% payout funding Maximum achievement: (104.5% of target): 200% payout funding | 50% | 139.2% | 69.6% | ||||||||
Non-GAAP Operating Income(2) | Less than threshold achievement (85.2% of target): no payout Target achievement (100% of target): 100% payout funding Maximum achievement: (122.2% of target): 200% payout funding | 50% | 154.2% | 77.1% | ||||||||
Total | 146.7% | |||||||||||
(1) | “Total revenue” means, with respect to the applicable bonus year, the total revenue generated from the sale of subscriptions to our Unified-CXM cloud-based software platform and related professional services, as determined in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) and reflected in the Company’s consolidated financial statements. |
(2) | “Non-GAAP operating income” means operating income determined in accordance with U.S. GAAP, excluding, as applicable, stock-based compensation expense and related charges, amortization of stock-based compensation expense associated with capitalized internal-use software, and amortization of acquired intangible assets, as well as other one-time charges, such as restructuring charges, costs associated with acquisitions, non-recurring litigation costs and facility exit costs. Non-GAAP operating income is a non-GAAP financial measure. For additional details and a reconciliation of non-GAAP operating income to its most comparable GAAP measure, please see “Non-GAAP Financial Measures” in the Company’s Annual Report on Form 10-K filed with the SEC on March 19, 2026. For purposes of determining incentive compensation payouts, non-GAAP operating income was further adjusted to reflect additional items approved by our compensation committee. These adjustments were made solely for compensation purposes and differed from the calculation used for external reporting. |
(3) | With respect to each of total revenue and non-GAAP operating income, payout funding for achievement between threshold, target and maximum achievement levels was not linear; rather, ranges were set with smaller downside steps for downside protection and larger upside steps to reward over performance. |
NEO | Amount Paid As Bonus for FY26 ($) | ||
Rory Read | 985,500 | ||
Anthony Coletta(1) | 193,752 | ||
Joy Corso | 624,150 | ||
Sanjay Macwan(2) | 233,389 | ||
Karthik Suri(3) | 161,445 | ||
Manish Sarin(4) | 273,676 | ||
Scott Millard(5) | — | ||
(1) | Mr. Coletta’s annual cash bonus payment was prorated based on his employment start date of October 7, 2025. |
(2) | Mr. Macwan’s annual cash bonus payment was prorated based on his employment start date of April 9, 2025. |
(3) | Mr. Suri’s annual cash bonus payment was prorated based on his employment start date of October 27, 2025. |
(4) | Mr. Sarin, our former Chief Financial Officer, terminated service as an employee on September 19, 2025. Mr. Sarin’s annual cash bonus payment was prorated based upon his service during fiscal year 2026 and paid at 100% of his prorated target cash bonus opportunity per the terms of his separation agreement. |
(5) | Mr. Millard voluntarily terminated service as an employee on November 11, 2025 and did not receive an annual cash bonus payment. |
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NEO | PSUs Granted (# of shares)(1) | RSUs Granted (# of shares) | |||||||
Target | Maximum | ||||||||
Rory Read | — | — | — | ||||||
Anthony Coletta(2) | 163,397 | 326,794 | 490,195 | ||||||
Joy Corso | 252,381 | 504,762 | 817,748 | ||||||
Sanjay Macwan(3) | 160,000 | 320,000 | 300,000 | ||||||
Karthik Suri(4) | 196,077 | 392,154 | 718,952 | ||||||
Manish Sarin(5) | 100,000 | 200,000 | 300,000 | ||||||
Scott Millard(6) | 222,156 | 444,312 | 725,709 | ||||||
(1) | The amounts in this column reflect the target and maximum shares to be issued upon the vesting of the PSUs. |
(2) | Consists of a new hire award of 163,397 PSUs and 490,195 RSUs (grant date November 15, 2025). |
(3) | Consists of (i) a new hire award of 160,000 PSUs (“Macwan New Hire PSUs”) and 240,000 RSUs (grant date May 15, 2025) and (ii) a special award of 60,000 RSUs (grant date July 15, 2025). 60,000 of the Macwan New Hire PSUs were canceled on July 15, 2025. The July 2025 actions served to align Mr. Macwan’s time-based and performance-based award mix with that of our other executive officers (25% PSUs/75%RSUs). |
(4) | Consists of a new hire award of 196,077 PSUs and 718,952 RSUs (grant date November 15, 2025). |
(5) | Mr. Sarin terminated service as an employee on September 19, 2025, and all of his outstanding and unvested awards were forfeited in connection therewith. |
(6) | Consists of a new hire award of 222,156 PSUs and 725,709 RSUs (grant date September 25, 2025). Mr. Millard voluntarily terminated service as an employee on November 11, 2025, and all of his outstanding and unvested awards were forfeited in connection therewith. |
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• | nine (9) months’ base salary payable in accordance with our normal payroll frequency; |
• | a lump sum pro rata payment of the executive officer’s target annual cash bonus opportunity for the year of termination; and |
• | subsidized COBRA continuation coverage for up to nine (9) months. |
• | a lump sum payment equal to 12 months’ base salary; |
• | a lump sum equal to 100% of the participant’s target annual cash bonus opportunity for the year of termination; |
• | 100% acceleration of outstanding unvested time-based equity awards; and |
• | subsidized COBRA continuation coverage for up to 12 months. |
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Position | Ownership Guideline Multiple of Base Pay | ||
Chief Executive Officer | 5.0x | ||
All other Officers | 1.0x | ||
Non-Employee Directors | 3.0x | ||
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Name and Principal Position | Year | Salary ($) | Bonus ($) | Stock Awards ($)(12)(13) | Non-Equity Incentive Compensation ($)(21) | All Other Compensation ($)(22) | Total ($) | ||||||||||||||
Rory Read(1) President and Chief Executive Officer | 2026 | 675,000 | — | — | 985,500 | 4,200 | 1,664,700 | ||||||||||||||
2025 | 163,990 | 3,162,295(8) | 38,597,906(14) | — | 46,293 | 41,970,485 | |||||||||||||||
Anthony Coletta(2) Chief Financial Officer | 2026 | 146,551 | — | 5,135,597(15) | 193,752 | 863 | 5,476,763 | ||||||||||||||
Joy Corso(3) Chief Administrative Officer | 2026 | 475,000 | — | 10,602,293(16) | 624,150 | 4,200 | 11,705,643 | ||||||||||||||
Sanjay Macwan(4) Chief Information Officer | 2026 | 312,196 | 50,000(9) | 4,455,200(17) | 233,389 | 3,361 | 5,054,146 | ||||||||||||||
Karthik Suri(5) Chief Product and Corporate Strategy Officer | 2026 | 134,615 | 500,000(10) | 7,114,349(18) | 161,445 | 1,115 | 7,911,525 | ||||||||||||||
Manish Sarin(6) Former Chief Financial Officer | 2026 | 307,692 | — | 4,083,500(19) | — | 453,856 | 4,845,048 | ||||||||||||||
2025 | 480,480 | 216,216 | 3,299,997 | — | 4,140 | 4,000,833 | |||||||||||||||
2024 | 477,400 | — | 4,122,357 | 167,600 | 3,960 | 4,771,317 | |||||||||||||||
Scott Millard(7) Former Chief Revenue Officer | 2026 | 65,160 | 71,154(11) | 7,982,653(20) | — | — | 8,118,967 | ||||||||||||||
(1) | Mr. Read was not an NEO for fiscal year 2024. |
(2) | Mr. Coletta was appointed as our Chief Financial Officer effective October 7, 2025 and was not an NEO for fiscal years 2025 or 2024. |
(3) | Ms. Corso was not an NEO for fiscal years 2025 or 2024. |
(4) | Mr. Macwan was appointed as our Chief Information Officer effective April 9, 2025 and was not an NEO for fiscal years 2025 or 2024. |
(5) | Mr. Suri was appointed as our Chief Product and Corporate Strategy Officer effective October 27, 2025 and was not an NEO for fiscal years 2025 or 2024. |
(6) | Mr. Sarin, our former Chief Financial Officer, terminated service as an employee on September 19, 2025. |
(7) | Mr. Millard was appointed as our Chief Revenue Officer effective as of September 22, 2025 and terminated service as an employee on November 11, 2025. Mr. Millard was not an NEO for fiscal years 2025 or 2024. |
(8) | Amount reported includes a one-time $3,000,000 signing bonus, which is subject to a prorated recovery if Mr. Read resigns or is terminated for cause within two years of his start date of employment. |
(9) | Amount reported includes a one-time signing bonus, which is subject to a prorated recovery if Mr. Macwan resigns or is terminated for cause within one year of his start date of employment. |
(10) | Amount reported represents a one-time signing bonus, which is subject to a prorated recovery if Mr. Suri resigns or is terminated for cause within one year of his start date of employment. |
(11) | Amount reported represents a one-time signing bonus of $500,000, as adjusted for the recovery of $428,846 in connection with Mr. Millard’s termination of service on November 11, 2025. The signing bonus was subject to a prorated recovery if Mr. Millard resigned or was terminated for cause within one year of September 22, 2025, the start date of Mr. Millard’s employment. |
(12) | Amounts reported represent the aggregate grant date fair value of the stock awards and stock option awards granted to our NEOs during the fiscal years presented, calculated in accordance with ASC Topic 718, excluding the effect of estimated forfeitures. The assumptions used in calculating the grant date fair value of the stock awards and stock options reported in these columns are set forth in Note 11 to our audited consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended January 31, 2026. These amounts do not reflect the actual economic value that may be realized by the NEO. |
(13) | Refer to the section titled “—Compensation Discussion and Analysis—Equity-Based Incentive Awards” for a description of the material terms of the program pursuant to which this compensation was awarded. |
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(14) | Amount reported includes both PSU and RSU awards. The PSU awards granted in fiscal year 2025 will be earned and vest, if at all, upon the achievement of certain performance and market conditions. In valuing the PSUs, we assumed the probable achievement of the target levels for the performance goals. The value of the PSUs, assuming that the highest tier of achievement of the Company’s performance goals under the terms of the PSUs is achieved or exceeded, is $35,097,750. |
(15) | Amount reported includes both PSU and RSU awards granted in connection with Mr. Coletta’s hiring during fiscal year 2026. The PSU awards granted in fiscal year 2026 will be earned and vest, if at all, upon the achievement of certain performance and market conditions. In valuing the PSUs, we assumed the probable achievement of the target levels for the performance goals. The value of the PSUs, assuming that the highest tier of achievement of the Company’s performance goals under the terms of the PSUs is achieved or exceeded, is $2,379,060. |
(16) | Amount reported includes both PSU and RSU awards. Due to the timing of Ms. Corso’s hiring on January 13, 2025, shortly before our 2025 fiscal year end relative to our standard new hire award cadence, the amounts reported reflect Ms. Corso’s new hire award granted in February 2025 and an annual equity award granted in March 2025. See the “Grants of Plan-Based Awards” table for details regarding each award. The PSU awards granted in fiscal year 2026 will be earned and vest, if at all, upon the achievement of certain performance and market conditions. In valuing the PSUs, we assumed the probable achievement of the target levels for the performance goals. The value of the PSUs, assuming that the highest tier of achievement of the Company’s performance goals under the terms of the PSUs is achieved or exceeded, is $4,560,191. |
(17) | Amount reported includes both PSU and RSU awards granted in connection with Mr. Macwan’s hiring during fiscal year 2026 and includes the full grant date fair value of the PSUs initially awarded. The PSU awards granted in fiscal year 2026 will be earned and vest, if at all, upon the achievement of certain performance and market conditions. In valuing the PSUs, we assumed the probable achievement of the target levels for the performance goals. The value of the PSUs, assuming that the highest tier of achievement of the Company’s performance goals under the terms of the PSUs is achieved or exceeded, is $2,713,600. As disclosed above in the section titled, “Elements of Our Fiscal Year 2026 Executive Compensation Program—Long Term Incentive Compensation,” 60,000 of the PSUs initially awarded to Mr. Macwan were subsequently canceled and replaced with RSUs. The value of Mr. Macwan’s remaining PSUs, assuming that the highest tier of achievement of the Company’s performance goals under the terms of the PSUs is achieved or exceeded, is $1,696,000. |
(18) | Amount reported includes both PSU and RSU awards granted in connection with Mr. Suri’s hiring during fiscal year 2026. The PSU awards granted in fiscal year 2026 will be earned and vest, if at all, upon the achievement of certain performance and market conditions. In valuing the PSUs, we assumed the probable achievement of the target levels for the performance goals. The value of the PSUs, assuming that the highest tier of achievement of the Company’s performance goals under the terms of the PSUs is achieved or exceeded, is $2,854,881. |
(19) | Amount reported includes both PSU and RSU awards. The PSU awards granted in fiscal year 2026 were to be earned and vest, if at all, upon the achievement of certain performance and market conditions. In valuing the PSUs, we assumed the probable achievement of the target levels for the performance goals. The value of the PSUs, assuming that the highest tier of achievement of the Company’s performance goals under the terms of the PSUs is achieved or exceeded, was $1,828,000. Mr. Sarin terminated service as an employee on September 19, 2025 and all of his outstanding and unvested awards were forfeited as of such date. |
(20) | Amount reported includes both PSU and RSU awards. The PSU awards granted in fiscal year 2026 were to be earned and vest, if at all, upon the achievement of certain performance and market conditions. In valuing the PSUs, we assumed the probable achievement of the target levels for the performance goals. The value of the PSUs, assuming that the highest tier of achievement of the Company’s performance goals under the terms of the PSUs had been achieved or exceeded, was $3,470,077. Mr. Millard terminated service as an employee on November 11, 2025 and all of his outstanding and unvested awards were forfeited as of such date. |
(21) | Amounts reported represent annual performance-based cash bonus payments earned based on the achievement of Company goals and other factors deemed relevant by our board of directors and compensation committee. For additional information, refer to the section titled “—Compensation Discussion and Analysis—Incentive Plan Compensation.” |
(22) | Amounts reported for the fiscal year ended January 31, 2026 include the following: |
Named Executive Officer | 401(k) Matching Contributions ($) | Severance Payments ($) | Total Other Compensation ($) | ||||||
Rory Read | 4,200 | — | 4,200 | ||||||
Anthony Coletta | 863 | — | 863 | ||||||
Joy Corso | 4,200 | — | 4,200 | ||||||
Sanjay Macwan | 3,361 | — | 3,361 | ||||||
Karthik Suri | 1,115 | — | 1,115 | ||||||
Manish Sarin | — | 453,856(a) | 453,856 | ||||||
Scott Millard | — | — | — | ||||||
(a) | Includes $180,180 paid during the fiscal year ended January 31, 2026 for base salary severance that Mr. Sarin received per the terms of his separation agreement, payable in substantially equal amounts over nine months in accordance with our regular payroll schedule, for a total of four and a half months in the fiscal year ended January 31, 2026, with the remaining $180,180 to be paid in the fiscal year ending January 31, 2027, and $273,676 for his fiscal year 2026 target annual cash bonus opportunity severance. |
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Name | Grant Type | Grant Date | Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1) | Estimated Future Payouts Under Equity Incentive Plan Awards(2) | All Other Stock Awards: Number of Shares of Stock or Units(2) (#) | Grant Date Fair Value of Stock and Option Awards ($)(3) | ||||||||||||||||||||||||
Threshold ($) | Target ($) | Maximum ($) | Threshold (#) | Target (#) | Maximum (#) | |||||||||||||||||||||||||
Rory Read | Annual Cash | 168,750 | 675,000 | 1,350,000 | — | — | — | — | — | |||||||||||||||||||||
Anthony Coletta | Annual Cash | 33,177 | 132,707 | 265,414 | — | — | — | — | — | |||||||||||||||||||||
RSU | 11/15/2025 | — | — | — | — | — | — | 490,195 | 3,568,620 | |||||||||||||||||||||
PSU | 11/15/2025 | — | — | — | 81,698 | 163,397 | 326,794 | — | 1,566,977 | |||||||||||||||||||||
Joy Corso | Annual Cash | 106,875 | 427,500 | 855,000 | — | — | — | — | — | |||||||||||||||||||||
RSU | 2/15/2025 | — | — | — | — | — | — | 500,000 | 4,490,000 | |||||||||||||||||||||
RSU | 2/15/2025 | — | — | — | — | — | — | 60,606 | 544,242 | |||||||||||||||||||||
RSU | 3/15/2025 | — | — | — | — | — | — | 257,142 | 2,350,278 | |||||||||||||||||||||
PSU | 2/15/2025 | — | — | — | 83,334 | 166,668 | 333,336 | — | 2,067,933 | |||||||||||||||||||||
PSU | 3/15/2025 | — | — | — | 42,856 | 85,713 | 171,426 | — | 1,149,840 | |||||||||||||||||||||
Sanjay Macwan | Annual Cash | 43,220 | 172,881 | 345,762 | — | — | — | — | — | |||||||||||||||||||||
RSU | 5/15/2025 | — | — | — | — | — | — | 240,000 | 2,035,200 | |||||||||||||||||||||
RSU | 7/15/2025 | — | — | — | — | — | — | 60,000 | 517,200 | |||||||||||||||||||||
PSU | 5/15/2025 | — | — | — | 80,000 | 160,000 | 320,000 | — | 1,902,800 | |||||||||||||||||||||
Karthik Suri | Annual Cash | 29,897 | 119,589 | 239,178 | — | — | — | — | — | |||||||||||||||||||||
RSU | 11/15/2025 | — | — | — | — | — | — | 588,234 | 4,282,344 | |||||||||||||||||||||
RSU | 11/15/2025 | — | — | — | — | — | — | 130,718 | 951,627 | |||||||||||||||||||||
PSU | 11/15/2025 | — | — | — | 98,038 | 196,077 | 392,154 | 1,880,378 | ||||||||||||||||||||||
Manish Sarin(4) | Annual Cash | 68,419 | 273,676 | 547,352 | — | — | — | — | — | |||||||||||||||||||||
RSU | 03/15/2025 | — | — | — | — | — | — | 300,000 | 2,742,000 | |||||||||||||||||||||
PSU | 03/15/2025 | — | — | — | 50,000 | 100,000 | 200,000 | — | 1,341,500 | |||||||||||||||||||||
Scott Millard(5) | Annual Cash | 16,593 | 66,370 | 132,740 | — | — | — | — | — | |||||||||||||||||||||
RSU | 9/25/2025 | — | — | — | — | — | — | 666,468 | 5,205,115 | |||||||||||||||||||||
RSU | 9/25/2025 | — | — | — | — | — | — | 59,241 | 462,672 | |||||||||||||||||||||
PSU | 9/25/2025 | — | — | — | 111,078 | 222,156 | 444,312 | — | 2,314,866 | |||||||||||||||||||||
(1) | Amounts reported represent the cash bonus amount payable to each NEO under our 2026 Bonus Plan based on attainment of the applicable performance goals for the fiscal year ended January 31, 2026. The amounts shown in the “Threshold” column represent a bonus payout if either of the applicable performance goals is met at the threshold level, but the other performance goal is not achieved. The amounts shown in the “Maximum” column represent the maximum bonus payout if each of the performance goals under the 2026 Bonus Plan is achieved or exceeded, and reflects a cap equal to 200% of the amounts shown under the Target column. These amounts do not represent either additional or actual compensation earned by our NEOs for the fiscal year ended January 31, 2026. The dollar value of the actual payments for these awards is included in the “Non-Equity Incentive Plan Compensation” column of the “Summary Compensation Table” above. Mr. Sarin stepped down as Chief Financial Officer effective September 19, 2025, and he did not receive the target bonus for this plan, but rather a severance bonus in the amount set forth in the “All Other Compensation” column of the “Summary Compensation Table” above for Mr. Sarin. Mr. Millard stepped down as Chief Revenue Officer effective November 11, 2025 and was not eligible to receive an annual cash bonus payment. |
(2) | Each RSU is subject to time-based vesting and each PSU is subject to performance-based and time-based vesting, in each case, as described in the footnotes to the table under “—Outstanding Equity Awards as of January 31, 2026.” |
(3) | Amounts reported represent the aggregate grant date fair value of the stock awards granted to our NEOs under our 2021 Plan, calculated in accordance with ASC Topic 718, excluding the effect of estimated forfeitures. The assumptions used in calculating the grant date fair value of the stock awards reported in this column are set forth in Note 11 to our audited consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended January 31, 2026. These amounts do not reflect the actual economic value that may be realized by the NEO. |
(4) | All outstanding and unvested awards granted to Mr. Sarin were forfeited upon his departure from the Company. |
(5) | All outstanding and unvested awards granted to Mr. Millard were forfeited upon his departure from the Company. |
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Name | Grant Date | Stock Awards | |||||||||||||
Number of Shares or Units of Stock That Have Not Vested (#) | Market Value of Shares of Units of Stock That Have Not Vested ($)(1) | Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(1) | ||||||||||||
Rory Read | 11/05/2024 | — | — | 1,425,000(2) | 9,091,500 | ||||||||||
11/05/2024 | — | — | 712,500(2) | 4,545,750 | |||||||||||
11/05/2024 | 835,406(3) | 5,329,890 | — | — | |||||||||||
11/05/2024 | 489,844 (4) | 3,125,205 | — | — | |||||||||||
Anthony Coletta | 11/15/2025 | — | — | 163,397(5) | 1,042,473 | ||||||||||
11/15/2025 | 490,195(6) | 3,127,444 | — | — | |||||||||||
Joy Corso | 2/15/2025 | — | — | 166,668(2) | 1,063,342 | ||||||||||
2/15/2025 | 500,000(7) | 3,190,000 | — | — | |||||||||||
3/15/2025 | — | — | 85,713(8) | 546,849 | |||||||||||
3/15/2025 | 257,142(7) | 1,640,566 | — | — | |||||||||||
Sanjay Macwan | 5/15/2025 | — | — | 100,000(8) | 638,000 | ||||||||||
5/15/2025 | 240,000(9) | 1,531,200 | — | — | |||||||||||
7/15/2025 | 60,000(9) | 382,800 | — | — | |||||||||||
Karthik Suri | 11/15/2025 | — | — | 196,077(5) | 1,250,971 | ||||||||||
11/15/2025 | 588,234(6) | 3,752,933 | — | — | |||||||||||
11/15/2025 | 130,718(10) | 833,981 | — | — | |||||||||||
(1) | Market value is calculated based on the closing price of our Class A common stock on January 30, 2026, which was $6.38 as reported on the NYSE. |
(2) | The PSUs will be eligible to vest at the end of a three-year performance period commencing on November 5, 2025, with 75% of the PSUs to be earned and vest contingent on the Company’s relative total stockholder return over the three-year performance period compared to a board of directors-approved comparator group, and the remaining 25% of the PSUs to be earned and vest contingent on attainment of certain revenue-growth and operating income-related goals measured at the end of the three-year performance period, in each case, subject to the NEO’s continued service with the Company through such vesting date. For each type of PSUs, the NEO will be eligible to vest in a number of PSUs ranging from 0% to 200% of the target number of PSUs granted, based on attainment of the applicable performance goals during the three-year performance period. |
(3) | 33% of the RSUs shall vest on November 5, 2025, with the remaining shares vesting in eight substantially similar equal installments on each subsequent Quarterly Vesting Date thereafter, subject to the NEO’s continued service with us as of each such date. |
(4) | 25% of the RSUs shall vest on November 5, 2025, with the remaining shares vesting in 12 equal quarterly installments on each Quarterly Vesting Date thereafter, subject to the NEO’s continued service with us as of each such date. |
(5) | The PSUs will be eligible to vest at the end of a three-year performance period commencing on February 1, 2025, with 75% of the PSUs to be earned and vest, subject to the satisfaction of the continuous service requirement noted below, contingent on the Company’s relative total stockholder return over the three-year performance period compared to a board of directors-approved comparator group, and the remaining 25% of the PSUs to be earned and vest, subject to the satisfaction of the continuous service requirement noted below, contingent on attainment of certain revenue-growth and operating income-related goals measured at the end of the three-year performance period, in each case, subject to the NEO’s continued service with the Company through December 15, 2028. For each type of PSUs, the NEO will be eligible to vest in a number of PSUs ranging from 0% to 200% of the target number of PSUs granted, based on attainment of the applicable performance goals during the three-year performance period. |
(6) | 25% of the RSUs shall vest on December 15, 2026, with the remaining shares vesting in 12 equal quarterly installments on each Quarterly Vesting Date thereafter, subject to the NEO’s continued service with us as of each such date. |
(7) | 25% of the RSUs shall vest on March 15 in the year following the grant date, with the remaining shares vesting in 12 equal installments on each subsequent Quarterly Vesting Date thereafter, subject to the NEO’s continued service to us as of each such date. |
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(8) | The PSUs will be eligible to vest at the end of a three-year performance period commencing on February 1, 2025, with 75% of the PSUs to be earned and vest contingent on the Company’s relative total stockholder return over the three-year performance period compared to a board of directors-approved comparator group, and the remaining 25% of the PSUs to be earned and vest contingent on attainment of certain revenue-growth and operating income-related goals measured at the end of the three-year performance period, in each case, subject to the NEO’s continued service with the Company through such vesting date. For each type of PSUs, the NEO will be eligible to vest in a number of PSUs ranging from 0% to 200% of the target number of PSUs granted, based on attainment of the applicable performance goals during the three-year performance period. |
(9) | 25% of the RSUs shall vest on June 15, 2026, with the remaining shares vesting in 12 equal quarterly installments on each Quarterly Vesting Date thereafter, subject to the NEO’s continued service with us as of each such date. |
(10) | 50% of the RSUs shall vest on each of June 15, 2026 and December 15, 2026, subject to Mr. Suri’s continued service with us as of each such date. |
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Stock Awards | ||||||
Name | Number of Shares Acquired on Vesting (#) | Value Realized on Vesting ($)(1) | ||||
Rory Read | 812,250 | 6,158,708 | ||||
Anthony Coletta | — | — | ||||
Joy Corso | 60,606 | 481,818 | ||||
Sanjay Macwan | — | — | ||||
Karthik Suri | — | — | ||||
Manish Sarin | 267,760 | 2,264,253 | ||||
Scott Millard | — | — | ||||
(1) | The value realized upon vesting was calculated by multiplying the number of shares of common stock vested by the closing price of our Class A common stock on the applicable vesting date and does not reflect actual proceeds received. |
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Name | Type of Termination | Base Salary ($) | Bonus ($)(1) | Accelerated Vesting of Equity Awards ($)(2) | Continuation of Insurance Coverage ($) | Total ($) | ||||||||||||
Rory Read | Termination without Cause or with Good Reason | 675,000 | 675,000 | 8,727,840 | 20,933 | 10,098,773 | ||||||||||||
Termination without Cause or with Good Reason in connection with a CIC(2) | 1,012,500 | 1,012,500 | 22,092,345 | 31,400 | 24,148,745 | |||||||||||||
Anthony Coletta | Termination without Cause or with Good Reason | 345,000 | 414,000 | 173,745 | 23,781 | 956,526 | ||||||||||||
Termination without Cause or with Good Reason in connection with a CIC(2) | 460,000 | 414,000 | 4,169,917 | 31,707 | 5,075,624 | |||||||||||||
Joy Corso | Termination without Cause or with Good Reason | 356,250 | 427,500 | 1,777,918 | 23,887 | 2,585,555 | ||||||||||||
Termination without Cause or with Good Reason in connection with a CIC(2) | 475,000 | 427,500 | 6,440,757 | 31,849 | 7,375,106 | |||||||||||||
Sanjay Macwan | Termination without Cause or with Good Reason | 288,750 | 211,750 | — | 19,782 | 520,282 | ||||||||||||
Termination without Cause or with Good Reason in connection with a CIC(2) | 385,000 | 211,750 | 2,552,000 | 26,376 | 3,175,126 | |||||||||||||
Karthik Suri | Termination without Cause or with Good Reason | 375,000 | 450,000 | 625,486 | 131 | 1,450,617 | ||||||||||||
Termination without Cause or with Good Reason in connection with a CIC(2) | 500,000 | 450,000 | 5,837,885 | 175 | 6,788,060 | |||||||||||||
(1) | A prorated target annual cash bonus opportunity for the fiscal year in which the termination date occurs, with the proration equal to the number of days elapsed during the fiscal year through the termination date divided by 365, is payable on the same date as the first severance payment. |
(2) | The value of accelerated vesting of unvested RSUs and Mr. Read’s PSUs is based upon the closing price of our Class A common stock on January 30, 2026 ($6.38 per share), as reported on the NYSE, multiplied by the number of unvested RSUs. |
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• | To identify our median employee, we considered the individuals employed by us on January 31, 2026 (the “Determination Date”), whether employed on a full-time, part-time or temporary basis. We did not include any contractors or other non-employee workers in our employee population. As of the Determination Date, our global population of full-time, part-time and temporary employees (excluding our president and chief executive officer) consisted of 3,278 employees. |
• | We used a consistently applied compensation measure consisting of the annual base salary plus allowances on the Determination Date, the target incentive cash compensation for fiscal year 2026 commission plans under our sales and services incentive plans, the actual corporate bonus amount paid out in fiscal year 2027 for services performed in fiscal year 2026 and the grant date fair value for equity awards granted during fiscal year 2026. We selected these compensation elements because they represent the principal compensation elements of our total rewards programs. |
• | We did not perform adjustments to the base salaries of part-time employees to calculate what they would have been paid on a full-time basis. We did not make any cost-of-labor adjustments. We did not exclude any countries from the employee population. We annualized cash compensation for employees who began work after the fiscal year began. We converted all local currencies to U.S. dollars based on the applicable exchange rates in effect on the Determination Date. |
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Fiscal Year (a)(1) | Summary Compensation Table Total for PEO Rory Read (b)(1) | CAP to PEO Rory Read (c)(2) | Summary Compensation Table Total for PEO Ragy Thomas (d)(1) | CAP to PEO Ragy Thomas (e)(3) | Summary Compensation Table Total for PEO Trac Pham (f)(1) | CAP to PEO Trac Pham (g)(4) | Average Summary Compensation Table Total for non-PEO NEOs (h)(5) | Average CAP to non-PEO NEOs (i)(6) | CXM Total Shareholder Return (j)(7) | Peer Group Total Shareholder Return (k)(8) | Net Income (Loss) ($ in thousands) (l)(9) | Company- Selected Measure: Non- GAAP Op. Income ($ in thousands) (m)(10) | ||||||||||||||||||||||||
2026 | $ | $( | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
2025(11) | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
2024 | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
2023 | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | $( | $ | ||||||||||||||||||||||||
2022 | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | $( | $( | ||||||||||||||||||||||||
(1) | The dollar amounts reported in column (b), (d), and (f) represent the amount of total compensation reported for our PEOs, Messrs. Read, Thomas and Pham, respectively, for each covered fiscal year in the “Total” column of our Summary Compensation Table for each fiscal year. |
(2) | The dollar amounts reported in column (c) represent the amount of CAP to |
PEO 1: Rory Read | |||||||||||||||||||||
2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||
Summary Compensation Table - Total Compensation | (a) | $ | $ | ||||||||||||||||||
- | Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year | (b) | $( | $ | |||||||||||||||||
+ | Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year | (c) | $ | $ | |||||||||||||||||
+ | Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years | (d) | $ | $( | |||||||||||||||||
+ | Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year | (e) | $ | $ | |||||||||||||||||
+ | Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year | (f) | $ | $( | |||||||||||||||||
- | Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year | (g) | $ | $ | |||||||||||||||||
= | CAP | $ | $( | ||||||||||||||||||
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(3) | The dollar amounts reported in column (e) represent the amount of CAP to |
PEO 2: Ragy Thomas | |||||||||||||||||||||
2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||
Summary Compensation Table - Total Compensation | (a) | $ | $ | $ | $ | ||||||||||||||||
- | Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year | (b) | $ | $( | $( | $( | |||||||||||||||
+ | Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year | (c) | $ | $ | $ | $ | |||||||||||||||
+ | Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years | (d) | $ | $( | $ | $( | |||||||||||||||
+ | Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year | (e) | $ | $ | $ | $ | |||||||||||||||
+ | Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year | (f) | $ | $ | $ | $( | |||||||||||||||
- | Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year | (g) | $ | $ | $ | $ | |||||||||||||||
= | CAP | $ | $ | $ | $ | ||||||||||||||||
(4) | The dollar amounts reported in column (g) represent the amount of CAP to |
PEO 3: Trac Pham | |||||||||||||||||||||
2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||
Summary Compensation Table - Total Compensation | (a) | $ | |||||||||||||||||||
- | Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year | (b) | $( | ||||||||||||||||||
+ | Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year | (c) | $ | ||||||||||||||||||
+ | Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years | (d) | $ | ||||||||||||||||||
+ | Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year | (e) | $ | ||||||||||||||||||
+ | Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year | (f) | $( | ||||||||||||||||||
- | Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year | (g) | $( | ||||||||||||||||||
= | CAP | $ | |||||||||||||||||||
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(5) | The dollar amounts reported in column (h) represent the average of the amounts of total compensation reported for our Non-PEO NEOs for each covered fiscal year in the “Total” column of the Summary Compensation Table for each applicable fiscal year. The names of each Non-PEO NEO included for purposes of calculating the average CAP for each applicable fiscal year are as follows: |
Year | Non-PEO NEOs | ||
2022 | Luca Lazzaron (Former Chief Revenue Officer) and Pavitar Singh (Former Chief Technology Officer) | ||
2023 | Manish Sarin (Chief Financial Officer), Luca Lazzaron (Former Chief Revenue Officer), Paul Ohls (Former Chief Revenue Officer), Arunkumar Pattabhiraman (Chief Marketing Officer) and Pavitar Singh (Former Chief Technology Officer) | ||
2024 | Manish Sarin (Chief Financial Officer), Diane Adams (Chief Culture & Talent Officer), Scott Harvey (Chief Customer Officer), Paul Ohls (Former Chief Revenue Officer) and Pavitar Singh (Former Chief Technology Officer) | ||
2025 | Manish Sarin (Chief Financial Officer), Diane Adams (Former Chief Culture & Talent Officer), Scott Harvey (Chief Customer Officer), Jacob Scott (General Counsel and Corporate Secretary) and Amitabh Misra (Chief Technology Officer) | ||
2026 | Anthony Coletta (Chief Financial Officer), Joy Corso (Chief Administrative Officer), Sanjay Macwan (Chief Information Officer), Scott Millard (Former Chief Revenue Officer), Manish Sarin (Former Chief Financial Officer), Karthik Suri (Chief Product and Corporate Strategy Officer) | ||
(6) | The dollar amounts reported in column (i) represent the average amount of CAP to our Non-PEO NEOs, as computed in accordance with Item 402(v) of Regulation S-K for each covered fiscal year. The dollar amounts do not reflect the actual average amount of compensation earned or received by or paid to our Non-PEO NEOs during the applicable fiscal year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to the average total compensation for each covered fiscal year to determine the CAP to our Non-PEO NEOs for such fiscal year, using the methodology described below: |
Non-PEO NEO Average | |||||||||||||||||||||
2022 | 2023 | 2024 | 2025 | 2026 | |||||||||||||||||
Summary Compensation Table - Total Compensation | (a) | $ | $ | $ | $ | $ | |||||||||||||||
- | Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year | (b) | $ | $( | $( | $( | $( | ||||||||||||||
+ | Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year | (c) | $ | $ | $ | $ | $ | ||||||||||||||
+ | Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years | (d) | $( | $( | $( | $( | $ | ||||||||||||||
+ | Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year | (e) | $ | $ | $ | $ | $ | ||||||||||||||
+ | Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year | (f) | $ | $( | $ | $( | $( | ||||||||||||||
- | Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year | (g) | $ | $( | $( | $ | $( | ||||||||||||||
= | CAP | $ | $ | $ | $ | $ | |||||||||||||||
(7) | The cumulative total stockholder return (“TSR”) reported in column (j) is calculated by dividing the sum of the cumulative amount of dividends during the measurement period, assuming dividend reinvestment, and the difference between the closing market price of our Class A common stock at the end of the applicable measurement period and the beginning of the measurement period by the closing market price of our Class A common stock at the beginning of the measurement period. The same methodology is used to calculate the cumulative TSR for our performance peer group, column (g). |
(8) | The peer group selected to determine the Company’s Peer Group TSR for each applicable fiscal year is the compensation peer group as disclosed in our Compensation Discussion and Analysis (“CD&A”) and used by our compensation committee to make compensation decisions for that year. The fiscal year 2026 CD&A peer group consists of Blackbaud, BlackLine, Box, Braze, CCC Intelligent Solutions Holdings, DoubleVerify Holdings, EverCommerce, Five9, Freshworks, Informatica, LiveRamp Holdings, nCino, Paycor HCM, Pegasystems, Sprout Social, Verint Systems, Workiva and Zeta Global Holdings. The companies that were included in the 2025 CD&A peer group and removed for 2026 include AppFolio, Bentley Systems, Dynatrace, Instructure Holdings, Manhattan Associates, PowerSchool Holdings, Semrush Holdings and Squarespace. The companies that were newly added to the CD&A peer group in fiscal year 2026 include EverCommerce, Informatica, LiveRamp Holdings, nCino, Paycor HCM, Verint Systems and Zeta Global Holdings. These additions and removals were the result of the application of pre-established objective criteria. For more information regarding how our compensation committee selected companies for inclusion in the fiscal year 2026 compensation peer group, see the section in our CD&A titled, “Fiscal Year 2026 Peer Group.” |
(9) | The dollar amounts reported in column (l) represent the amount of net income (or loss) reflected in our audited financial statements for each covered fiscal year. |
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(10) | Our Company-Selected Measure as reported in column (m) is |
(11) | In fiscal year 2025, there were several changes to our executive management team, with two transitions to the PEO position, for a total of three PEOs serving during the fiscal year. |
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• | $40,000 per year for each non-employee director; |
• | $20,000 per year for chair of the audit committee and $10,000 per year for each non-chair member of the audit committee; |
• | $16,500 per year for chair of the compensation committee and $8,000 per year for each non-chair member of the compensation committee; and |
• | $10,000 per year for chair of the nominating and corporate governance committee and $5,000 per year for each non-chair member of the nominating and corporate governance committee. |
• | Initial Grant. Each non-employee director who is elected or appointed to our board of directors will automatically, upon the date of such director’s initial election or appointment (or, if such date is not a market trading day, on the first market trading day thereafter), be granted a one-time, initial RSU award (the “initial grant”) with a grant-date value of $200,000. Each initial grant will vest in full on the first anniversary of the grant date, subject to the director’s continued service through such vesting date. |
• | Additional Initial Grant to Lead Independent Director. Each non-employee director who is elected or appointed as lead independent director on the date of our annual stockholder meeting will automatically be granted an additional RSU award with a grant-date value of $100,000 (the “LID initial grant”). With respect to a non-employee director who is first elected or appointed as lead independent director on a date other than the date of our annual stockholder meeting, such LID initial grant will be prorated to reflect the time between such election or appointment date and the date of our last annual stockholder meeting. The LID initial grant will vest in full on the first anniversary of the grant date, subject to the director’s continued service through such vesting date. |
• | Additional Initial Grant to Chair. Each non-employee director who is elected or appointed as chair on the date of our annual stockholder meeting will automatically be granted an additional RSU award with a grant-date value of $260,000 (the “Chair initial grant”). With respect to a non-employee director who is first elected or appointed as chair on a date other than the date of our annual stockholder meeting, such Chair initial grant will be prorated to reflect the time between such election or appointment date and the date of our last annual stockholder meeting. The Chair initial grant will vest in full on the first anniversary of the grant date, subject to the director’s continued service through such vesting date. |
• | Annual Grant. On the date of each annual meeting of our stockholders, each non-employee director who continues to serve as a non-employee director following such stockholder meeting (excluding any director who is first appointed or elected to our board of directors at such meeting) will automatically be granted an |
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• | Additional Annual Grant to LID. On the date of each annual meeting of our stockholders, the lead independent director (excluding any lead independent director who was first appointed or elected to such role at such annual meeting) who continues to serve as lead independent director following such annual meeting will automatically be granted an additional RSU award with a grant-date value of $100,000 (the “LID annual grant”). The LID annual grant will vest in full on the earlier of the first anniversary of the grant date or the day prior to the date of our next annual stockholder meeting, subject to the director’s continued service through such vesting date. |
• | Additional Annual Grant to Chair. On the date of each annual meeting of our stockholders, the chair (excluding any chair who was first appointed or elected to such role at such annual meeting) who continues to serve as chair following such annual meeting will automatically be granted an additional RSU award with a grant-date value of $260,000 (the “Chair annual grant”). The Chair annual grant will vest in full on the earlier of the first anniversary of the grant date or the day prior to the date of our next annual stockholder meeting, subject to the director’s continued service through such vesting date. |
• | Retainer Grant. Each non-employee director may elect to convert such director’s cash compensation under the policy into an RSU award (the “retainer grant”). If a non-employee director timely makes this election in accordance with the requirements of the non-employee director compensation policy, each such retainer grant will be automatically granted on the same date as the annual grant. Each retainer grant will cover a number of shares of our Class A common stock equal to (a) the aggregate amount of annual cash compensation otherwise payable to such director divided by (b) the closing sales price per share of our Class A common stock on such date, rounded down to the nearest whole share. Pursuant to the most recent amendment of our non-employee director compensation policy, each retainer grant will vest in four substantially equal quarterly installments following the date of such annual meeting on each date that the corresponding annual cash compensation would have been paid, in each case, subject to the director’s continued service through each such vesting date. Prior to its most recent amendment, our non-employee director compensation policy provided that such retainer grant would vest in full on the earlier of the first anniversary of the grant date or the day prior to the date of our next annual stockholder meeting, subject to the director’s continued service through such vesting date. |
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Name | Fees Earned or Paid in Cash ($) | Stock Awards ($)(1)(2) | All other Compensation ($) | Total ($) | ||||||||
Neeraj Agrawal | 55,000 | 199,993 | — | 254,993 | ||||||||
Jan R. Hauser | 80,622(3) | 66,664 | — | 147,286 | ||||||||
Kevin Haverty | 48,000(4) | 199,993 | — | 247,993 | ||||||||
Yvette Kanouff | 45,000 | 199,993 | — | 244,993 | ||||||||
Eileen Schloss | 58,000 | 299,997 | — | 357,997 | ||||||||
Ragy Thomas(5) | 20,000 | 459,999 | 912,618(6) | 1,392,617 | ||||||||
Stephen M. Ward, Jr. | 65,867(3) | 66,664 | — | 132,531 | ||||||||
Tarim Wasim(7) | — | — | — | — | ||||||||
Edwin Gillis(8) | 12,853(9) | — | — | 12,853 | ||||||||
(1) | Amounts reported represent the aggregate grant date fair value of RSU awards granted to our non-employee directors during the fiscal year ended January 31, 2026 under our 2021 Plan, computed in accordance with ASC Topic 718. Amounts exclude the aggregate grant date fair value of the RSU awards granted in lieu of cash fees, as the fees have been separately reported as “Fees Earned or Paid in Cash.” The assumptions used in calculating the grant date fair value of the RSUs reported in this column are set forth in the notes to our audited consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended January 31, 2026. These amounts do not reflect the actual economic value that may be realized by the non-employee director. |
(2) | The aggregate number of shares outstanding under all stock awards and options held by our non-employee directors as of January 31, 2026 are set forth in the following table: |
Name | Number of Shares Underlying RSUs | Number of Shares Underlying Options | ||||
Neeraj Agrawal | 24,660 | — | ||||
Jan R. Hauser | 11,919 | — | ||||
Kevin Haverty | 27,619 | — | ||||
Yvette Kanouff | 24,660 | — | ||||
Eileen Schloss | 36,991 | 45,000 | ||||
Ragy Thomas | 446,319 | 9,643,269 | ||||
Stephen M. Ward, Jr. | 11,179 | — | ||||
Tarim Wasim(7) | — | — | ||||
Edwin Gillis | — | 250,000 | ||||
(3) | Each of Ms. Hauser and Mr. Ward received cash fees for such director’s service between January 29, 2025 and June 12, 2025 and elected to receive equity in lieu of all of such director’s cash fees in connection with our 2025 annual meeting of stockholders, which resulted in each director receiving an RSU award of 7,398 and 5,918 shares of Class A common stock, respectively. |
(4) | Mr. Haverty elected to receive equity in lieu of all of his cash fees, which resulted in him receiving an RSU award of 5,918 shares of Class A common stock. |
(5) | Mr. Thomas terminated service as an employee on May 31, 2025 and was deemed eligible to receive the compensation described in our non-employee director compensation policy as of June 12, 2025. |
(6) | Consists of (i) $166,667 base salary paid to Mr. Thomas in connection with his service to the Company as Advisor to the Chief Executive Officer, (ii) $500,000 for base salary severance in connection with his termination of service as an employee, (iii) $125,000 for payment in lieu of bonus eligibility for fiscal year 2026, (iv) $18,477 for COBRA benefits premiums for Mr. Thomas, his spouse and his dependents and (v) $102,474 related to costs associated with Mr. Thomas’s transportation and security during fiscal year 2026. |
(7) | Mr. Wasim elected to waive all rights to any compensation payable to him for his services as a member of our board of directors. |
(8) | Mr. Gillis resigned as chair of our audit committee on March 31, 2025 and as a director of the Company and member of the audit committee on June 12, 2025. |
(9) | Mr. Gillis had previously elected to receive equity in lieu of all of his cash fees; however, in connection with Mr. Gillis’s resignation as the chair of our audit committee on March 31, 2025, the final tranche of the applicable equity award ceased vesting. Accordingly, Mr. Gillis received cash fees for his service during his final quarter of service. |
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Plan Category | (a) Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights | (b) Weighted Average Exercise Price of Outstanding Options, Warrants and Rights(3) | (c) Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (a)) | ||||||
Equity plans approved by stockholders: | |||||||||
2011 Equity Incentive Plan | 12,406,096(1) | $5.93 | — | ||||||
2021 Equity Incentive Plan | 21,177,540(2) | $12.85 | 30,694,959(4) | ||||||
2021 Employee Stock Purchase Plan | —(5) | — | 5,958,624(6) | ||||||
Equity plans not approved by stockholders | — | — | — | ||||||
Total | 33,583,636 | 36,653,583 | |||||||
(1) | Following the adoption of the 2021 Plan, no additional equity awards have been or will be granted under the 2011 Plan. As of January 28, 2026, all RSU and PSU awards granted under the 2011 Plan have fully vested, expired or forfeited due to termination. |
(2) | Includes 16,618,674 shares of Class A common stock underlying RSU awards. |
(3) | The weighted-average exercise price excludes any outstanding RSU or PSU awards, which have no exercise price. |
(4) | Stock options or other stock awards granted under the 2011 Plan that are forfeited, terminated, expired or repurchased become available for issuance under the 2021 Plan. The 2021 Plan provides that the total number of shares of our Class A common stock reserved for issuance thereunder will automatically increase on January 1st of each year for a period of ten years commencing on January 1, 2022 and ending on (and including) January 1, 2031, in an amount equal to 5.0% of the total number of shares of capital stock outstanding on December 31st of the preceding year; or such lesser number of shares of Class A common stock as determined by our board of directors prior to January 1st of a given year. Prior to January 1, 2026, our board of directors resolved to forego the January 1, 2026 increase in the number of shares of Class A common stock available for issuance under the 2021 Plan pursuant to this provision of the 2021 Plan. Accordingly, there was no increase in the number of shares of Class A common stock available for issuance under the 2021 Plan on January 1, 2026. |
(5) | Does not include future rights to purchase Class A common stock under our 2021 Employee Stock Purchase Plan (“ESPP”), which depend on a number of factors described in our ESPP and will not be determined until the end of the applicable purchase period. |
(6) | The ESPP provides that the total number of shares of our Class A common stock reserved for issuance thereunder will automatically increase on January 1st of each year for a period of up to ten years commencing on January 1, 2022 and ending on (and including) January 1, 2031, in an amount equal to the lesser of (i) 1.0% of the total number of shares of capital stock outstanding on December 31st of the preceding year, and (ii) 15,300,000 shares of Class A common stock; or such lesser number of shares of Class A common stock as determined by our board of directors prior to January 1st of a given year. Prior to January 1, 2026, our board of directors resolved to forego the January 1, 2026 increase in the number of shares of Class A common stock available for issuance under the ESPP pursuant to this provision of the ESPP. Accordingly, there was no increase in the number of shares of Class A common stock available for issuance under the ESPP on January 1, 2026. |
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Fiscal Year Ended January 31, | ||||||
2026 | 2025 | |||||
(in thousands) | ||||||
Audit Fees(1) | $2,889 | $2,893 | ||||
Audit-related Fees | — | — | ||||
Tax Fees(2) | $369 | $277 | ||||
All Other Fees | — | — | ||||
Total Fees | $3,258 | $3,170 | ||||
(1) | Audit fees consist of fees for audit services primarily related to the integrated audit of our annual consolidated financial statements, the review of our quarterly consolidated financial statements, consents and assistance with and review of documents filed with the SEC. |
(2) | Tax fees consist of fees for domestic (federal, state and local) and international tax return preparation services, international withholding tax advice and tax consulting services. |
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• | each of our NEOs; |
• | each of our directors; |
• | all of our executive officers and directors as a group; and |
• | each person or entity known by us to be beneficial owners of more than five percent of our Class A common stock or Class B common stock. |
Beneficial Ownership | |||||||||||||||
Class A Common Stock | Class B Common Stock | % of Total Voting Power† | |||||||||||||
Beneficial Owner | Number of Shares | % | Number of Shares | % | |||||||||||
5% Stockholders: | |||||||||||||||
Entities associated with Hellman & Friedman LLC(1) | 10,861,506 | 8.2 | 55,589,960 | 55.0 | 49.5 | ||||||||||
Ragy Thomas(2) | 1,574,444 | 1.2 | 51,371,915 | 47.0 | 42.0 | ||||||||||
Blackrock, Inc.(3) | 17,640,825 | 13.3 | — | — | 1.5 | ||||||||||
Directors and Named Executive Officers: | |||||||||||||||
Rory Read | 299,895 | * | — | — | * | ||||||||||
Anthony Coletta | — | — | — | — | — | ||||||||||
Joy Corso | 186,054 | * | — | — | * | ||||||||||
Sanjay Macwan | — | — | — | — | — | ||||||||||
Karthik Suri | — | — | — | — | — | ||||||||||
Ragy Thomas(2) | 1,574,444 | 1.2 | 51,371,915 | 47.0 | 42.0 | ||||||||||
Neeraj Agrawal(4) | 3,259,721 | 2.5 | 1,322,602 | 1.3 | 1.4 | ||||||||||
Jan R. Hauser(5) | 37,547 | * | — | — | * | ||||||||||
Kevin Haverty(6) | 92,172 | * | — | — | * | ||||||||||
Yvette Kanouff(7) | 239,928 | * | — | — | * | ||||||||||
Eileen Schloss(8) | 136,816 | * | 45,000 | * | * | ||||||||||
Stephen M. Ward, Jr.(9) | 36,067 | * | — | — | * | ||||||||||
Tarim Wasim | — | — | — | — | — | ||||||||||
Manish Sarin(10) | — | — | — | — | — | ||||||||||
Scott Millard(11) | — | — | — | — | — | ||||||||||
All executive officers and directors as a group (15 persons)(12) | 6,095,840 | 4.5 | 52,811,497 | 48.3 | 43.5 | ||||||||||
* | Less than one percent. |
† | Percentage of total voting power represents voting power with respect to all shares of our Class A and Class B common stock, as a single class. The holders of our Class B common stock are entitled to ten votes per share, and holders of our Class A common stock are entitled to one vote per share. |
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(1) | Based on information provided by entities affiliated with Hellman & Friedman LLC in a Schedule 13D/A filed with the SEC on December 9, 2025. Consists of (a) 10,861,506 shares of Class A common stock and (b) 55,589,960 shares of Class B common stock, in each case, held by H&F Splash Holdings IX, L.P. (“H&F Splash Holdings IX”). H&F Splash Holdings IX GP, LLC (“GPLLC”) is the general partner of H&F Splash Holdings IX. Hellman & Friedman Capital Partners IX, L.P. (“HFCP IX”) is the controlling member of GPLLC. Hellman & Friedman Investors IX, L.P. (“H&F Investors IX”) is the general partner of HFCP IX. H&F Corporate Investors IX, Ltd. (“H&F IX”) is the general partner of H&F Investors IX. Voting and investment determinations with respect to the shares held by H&F Splash Holdings IX are made by the three-member board of directors of H&F IX, which consists of Philip U. Hammarskjold, David R. Tunnell and Blake C. Kleinman, and each of the members of the board of directors of H&F IX disclaims beneficial ownership of such shares. The address of each entity named in this footnote is c/o Hellman & Friedman LLC, 415 Mission Street, Suite 5700, San Francisco, California 94105. |
(2) | Consists of (a)(i) 320,429 shares of Class A common stock, (ii) 1,197,295 shares of Class A common stock issuable upon the exercise of options that are currently exercisable or exercisable within 60 days of April 14, 2026, (iii) 56,720 shares of Class A common stock issuable upon the settlement of RSUs that will vest within 60 days of April 14, 2026, (iv) 19,897,511 shares of Class B common stock and (v) 8,130,896 shares of Class B common stock issuable upon the exercise of options that are currently exercisable or exercisable within 60 days of April 14, 2026, in each case, held by Mr. Thomas; (b) 8,129,863 shares of Class B common stock held by the Thomas 2014 Family Trust, of which Mr. Thomas is a trustee; (c) 13,106,677 shares of Class B common stock held by the Thomas Family 2017 Irrevocable Trust, of which Mr. Thomas is a trustee; (d) 1,996,523 shares of Class B common stock held by The Family Trust Under the RT GRAT Dtd. 11/11/19, of which Mr. Thomas is a trustee; and (e) 110,445 shares of Class B common stock held by Neelu Paul, Mr. Thomas’s spouse. |
(3) | Based on information provided by Blackrock, Inc. (“Blackrock”) in a Schedule 13G/A filed with the SEC on April 30, 2025. Blackrock has sole voting power over 17,501,984 Class A shares and sole dispositive power over all such shares. The address of Blackrock is 50 Hudson Yards, New York, New York 10001. |
(4) | Consists (a)(i) 215,670 shares of Class A common stock and (ii) 119,034 shares of Class B common stock held by Battery Investment Partners Select Fund I, L.P. (“BIP Select I”), (b)(i) 2,180,664 shares of Class A common stock and (ii) 1,203,568 shares of Class B common stock held by Battery Ventures Select Fund I, L.P. (“BV Select I”) and (c) with respect to Neeraj Agrawal only, (i) 638,483 shares of Class A common stock, (ii) 24,660 shares of Class A common stock issuable upon the settlement of RSUs held by Mr. Agrawal that will vest within 60 days of April 14, 2026 and (iii) 200,244 shares of Class A common stock held by the Neeraj Agrawal Irrevocable GST Trust of 2013, of which Mr. Agrawal’s spouse is the trustee. The sole general partner of BIP Select I is Battery Partners Select Fund I GP, LLC (“BP Select I GP”). The sole general partner of BV Select I is Battery Partners Select Fund I, L.P., whose sole general partner is BP Select I GP. The managing members of BP Select I GP who may be deemed share voting and dispositive power with respect to the shares held by BIP Select I and BV Select I are Neeraj Agrawal, Michael Brown, Morad Elhafed, Jesse Feldman, Russell Fleischer, Roger Lee, Chelsea Stoner, Dharmesh Thakker and Scott Tobin. Each of the foregoing persons disclaims beneficial ownership of these shares except to the extent of such person’s pecuniary interest therein. The address of each of the entities named in this footnote is One Marina Park Drive, Suite 1100, Boston, Massachusetts 02210. |
(5) | Consists of (a) 27,478 shares of Class A common stock and (b) 10,069 shares of Class A common stock issuable upon the settlement of RSUs that will vest within 60 days of April 14, 2026, in each case, held by Ms. Hauser. |
(6) | Consists of (a) 66,033 shares of Class A common stock and (b) 26,139 shares of Class A common stock issuable upon the settlement of RSUs that will vest within 60 days of April 14, 2026, in each case, held by Mr. Haverty. |
(7) | Consists of (a) 215,268 shares of Class A common stock and (b) 24,660 shares of Class A common stock issuable upon the settlement of RSUs that will vest within 60 days of April 14, 2026, in each case, held by Ms. Kanouff. |
(8) | Consists of (a) 99,825 shares of Class A common stock, (b) 36,991 shares of Class A common stock issuable upon the settlement of RSUs that will vest within 60 days of April 14, 2026 and (c) 45,000 shares of Class B common stock issuable upon the exercise of options that are currently exercisable or exercisable within 60 days of April 14, 2026, in each case, held by Ms. Schloss. |
(9) | Consists of (a) 26,368 shares of Class A common stock and (b) 9,699 shares of Class A common stock issuable upon the settlement of RSUs that will vest within 60 days of April 14, 2026, in each case, held by Mr. Ward. |
(10) | Mr. Sarin, our former Chief Financial Officer, terminated service as an employee on September 19, 2025. He is included in this table because he is an NEO for the year ended January 31, 2026, but he is not included for purposes of aggregating beneficial ownership of directors and executive officers as a group. |
(11) | Mr. Millard, our former Chief Revenue Officer, terminated service as an employee on November 11, 2025. He is included in this table because he is an NEO for the year ended January 31, 2026, but he is not included for purposes of aggregating beneficial ownership of directors and executive officers as a group. |
(12) | Consists of (a) 4,709,607 shares of Class A common stock, (b) 1,197,295 shares of Class A common stock issuable upon the exercise of options that are currently exercisable or exercisable within 60 days of April 14, 2026, (c) 188,938 shares of Class A common stock issuable upon the settlement of RSUs that will vest within 60 days of April 14, 2026, (d) 44,563,621 shares of Class B common stock and (e) 8,247,876 shares of Class B common stock issuable upon the exercise of options that are currently exercisable or exercisable within 60 days of April 14, 2026, in each case beneficially owned in the aggregate by our directors and executive officers. |
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• | the amount involved exceeded or will exceed $120,000, and |
• | any of our directors, executive officers or holders of more than 5% of any class of our capital stock at the time of such transaction, or any member of the immediate family of, or person sharing the household with, the foregoing persons, had or will have a direct or indirect material interest. |
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By the Order of the Board of Directors | |||
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Jacob Scott | |||
General Counsel and Corporate Secretary | |||
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V95017-P44602 Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting: The Notice and Proxy Statement and Annual Report are available at www.proxyvote.com. SPRINKLR, INC. Annual Meeting of Stockholders June 11, 2026 10:00 a.m. EDT This proxy is solicited by the Board of Directors The undersigned hereby appoints Anthony Coletta and Jacob Scott, and each of them, with power to act without the other and with power of substitution, as proxies and attorneys-in-fact and hereby authorizes them to represent and vote, as provided on the other side (with discretionary authority under Proposal 1 to vote for a substitute nominee if the nominee is unable to stand for election), all of the shares of Sprinklr, Inc.'s Class A common stock and/or Class B common stock, as the case may be, that the undersigned is entitled to vote and, in their discretion, to vote upon such other business as may properly come before the 2026 Annual Meeting of Stockholders to be held at 10:00 a.m. EDT on June 11, 2026, at www.virtualshareholdermeeting.com/CXM2026, and any adjournments, continuations or postponements thereof, with all powers that the undersigned would possess if present at the Meeting. THIS PROXY CARD, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED. IF NO DIRECTION IS MADE BUT THE CARD IS SIGNED, THIS PROXY CARD WILL BE VOTED FOR THE ELECTION OF THE NOMINEE | UNDER PROPOSAL 1, FOR PROPOSAL 2, FOR PROPOSAL 3, AND IN THE DISCRETION OF THE PROXIES WITH RESPECT TO SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING AND ANY ADJOURNMENTS, CONTINUATIONS OR POSTPONEMENTS THEREOF. (Continued and to be marked, dated and signed on the other side) |
