Sprinklr (CXM) director sells 16,668 shares in tax-withholding trade
Rhea-AI Filing Summary
Sprinklr, Inc. director Thomas Ragy reported a mandated tax-related share sale. He sold 16,668 shares of Class A Common Stock at a weighted average price of $5.85 per share to cover statutory tax withholding tied to vesting restricted stock units.
The footnotes state this “sell to cover” transaction was required under Sprinklr’s equity incentive plan and was not a discretionary sale. After the sale, Ragy directly held 695,681 shares, so he retained the vast majority of his position.
Positive
- None.
Negative
- None.
Insights
Routine, non-discretionary tax sale with limited signaling value.
Director Thomas Ragy sold 16,668 Sprinklr Class A shares at a weighted average of $5.85 per share. Footnotes clarify this was a mandatory “sell to cover” to satisfy statutory tax withholding on vesting restricted stock units, not an elective portfolio decision.
Because the sale was required by the company’s equity incentive plan mechanics and Ragy still holds 695,681 shares afterward, it looks like a routine compensation-related event. Its informational value for assessing insider sentiment is limited compared with a discretionary open-market sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 16,668 | $5.85 | $98K |
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 $5.765 to $5.91 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.