Sprinklr (CXM) CMO sells 32,500 shares in tax-related Form 4 trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sprinklr, Inc.'s Chief Marketing Officer, Pattabhiraman Arun, reported an open-market sale of 32,500 shares of Class A Common Stock at a weighted average price of $5.85 per share. According to the disclosure, this sale was required solely to cover statutory tax withholding triggered by restricted stock unit vesting and was not a discretionary trade.
Following this tax-related sale, Arun directly holds 485,378 Sprinklr Class A shares. No option exercises or other derivative transactions were reported, indicating this was a routine "sell to cover" event connected to equity compensation rather than a change in his investment stance.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 32,500 shares ($190,125)
Net Sell
1 txn
Insider
Pattabhiraman Arun
Role
CHIEF MARKETING OFFICER
Sold
32,500 shs ($190K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 32,500 | $5.85 | $190K |
Holdings After Transaction:
Class A Common Stock — 485,378 shares (Direct)
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.
FAQ
What insider transaction did Sprinklr (CXM) report for CMO Pattabhiraman Arun?
Sprinklr reported that CMO Pattabhiraman Arun sold 32,500 Class A shares at a weighted average price of $5.85. The transaction was a mandated "sell to cover" sale to fund statutory tax withholding from restricted stock unit vesting.
What is a "sell to cover" transaction in Sprinklr (CXM) equity awards?
A "sell to cover" occurs when shares from vested restricted stock units are sold automatically to pay statutory tax withholding. Sprinklr’s plans require this method, so the executive’s sale reflects tax funding mechanics rather than an elective reduction in equity exposure.