Sprinklr CAO sells shares to cover RSU taxes
Sprinklr, Inc. Chief Administrative Officer Joy Corso reported an open-market sale of 33,635 shares of Class A common stock at a weighted average price of about $5.30 per share.
Rhea-AI Filing Summary
Sprinklr, Inc. Chief Administrative Officer Joy Corso reported an open-market sale of 33,635 shares of Class A common stock at a weighted average price of about $5.30 per share. According to the disclosure, this transaction was a mandatory “sell to cover” sale to satisfy statutory tax withholding on vesting restricted stock units, rather than a discretionary sale. Following the transaction, Corso directly holds 1,175,616 shares of Sprinklr Class A common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 33,635 | $5.30 | $178K |
Footnotes (2)
- F1. 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.
- F2. 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
Key Terms
restricted stock units financial
sell to cover financial
weighted average price financial
FAQ
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What insider transaction did Sprinklr (CXM) report for Joy Corso?
Why did Sprinklr’s CAO use a sell-to-cover transaction for RSU taxes?
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