Sprinklr (CXM) CTO Misra executes tax-related sell-to-cover share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sprinklr, Inc. Chief Technology Officer Amitabh Misra reported an automatic sale of Class A shares tied to tax withholding. A total of 29,180 shares were sold at a weighted average price of $5.30 per share to cover statutory tax obligations from vesting restricted stock units. After this mandated “sell to cover” transaction, Misra directly holds 854,779 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 29,180 shares ($154,654)
Net Sell
1 txn
Insider
Misra Amitabh
Role
Chief Technology Officer
Sold
29,180 shs ($155K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 29,180 | $5.30 | $155K |
Holdings After Transaction:
Class A Common Stock — 854,779 shares (Direct, null)
Footnotes (1)
- Represents the number of shares required to be sold to cover the statutory tax withholding obligations in connection with the vesting of the restricted stock units. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of minimum statutory tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary sale by the Reporting Person. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.24 to $5.33 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Shares sold: 29,180 shares
Weighted average sale price: $5.30 per share
Post-transaction holdings: 854,779 shares
+1 more
4 metrics
Shares sold
29,180 shares
Class A Common Stock sold to cover tax withholding
Weighted average sale price
$5.30 per share
Open-market sale range for these transactions
Post-transaction holdings
854,779 shares
Class A shares directly held after the sale
Price range
$5.24–$5.33 per share
Range of prices for individual sale trades
Key Terms
restricted stock units, sell to cover, weighted average price, statutory tax withholding obligations
4 terms
restricted stock units financial
"in connection with the vesting of the restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
sell to cover financial
"to be funded by a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
weighted average price financial
"The price reported is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
statutory tax withholding obligations financial
"to cover the statutory tax withholding obligations in connection"
FAQ
What insider transaction did Sprinklr (CXM) report for CTO Amitabh Misra?
Sprinklr’s Chief Technology Officer Amitabh Misra reported an automatic sale of 29,180 Class A shares. The sale was executed to cover statutory tax withholding obligations arising from the vesting of restricted stock units rather than as a discretionary open-market trade.
Was the Sprinklr (CXM) insider sale by Amitabh Misra a discretionary trade?
No, the filing states the sale does not represent a discretionary sale by Amitabh Misra. It was mandated under Sprinklr’s equity incentive plans as a “sell to cover” transaction to satisfy minimum statutory tax withholding obligations linked to restricted stock unit vesting.
What pricing details are disclosed for the Sprinklr (CXM) insider sale?
The Form 4 reports a weighted average sale price of $5.30 per share. A footnote explains that multiple trades occurred in a range from $5.24 to $5.33, and offers to provide detailed breakdowns of shares sold at each specific price upon request.