Sprinklr Insider Sell-to-Cover: 16,795 Shares Disposed; 534,411 Remaining
Rhea-AI Filing Summary
Arun Pattabhiraman, Chief Marketing Officer of Sprinklr, Inc. (CXM), reported a sale of 16,795 shares of Class A common stock on 09/16/2025 to satisfy statutory tax withholding obligations upon RSU vesting. The sale was a sell-to-cover mandated by the issuer's equity plan and not a discretionary disposition by the reporting person. The shares were sold at a weighted-average price of $7.75 per share, with individual trade prices ranging from $7.67 to $7.81. After the transaction, the reporting person beneficially owned 534,411 shares.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine sell-to-cover for RSU taxes; ownership remains substantial, so impact is neutral.
The transaction is described explicitly as a sell-to-cover required by the issuer's equity incentive plan to satisfy tax-withholding on vested restricted stock units. Because the sale was mandated rather than discretionary, it does not indicate a change in insider sentiment. The reported weighted-average sale price was $7.75, with individual executions between $7.67 and $7.81. Post-transaction beneficial ownership of 534,411 shares preserves meaningful insider exposure to Sprinklr equity.
TL;DR: Transaction is standard administrative disposal; no governance red flags evident from the filing.
The Form 4 explicitly states the sale was to satisfy statutory tax withholding obligations tied to RSU vesting and was executed under the issuer's election to require sell-to-cover. The filing includes transparent price range disclosure and an undertaking to provide detailed trade-level pricing if requested. There are no indications of unusual timing, related-party transfers, or other complicating factors in this disclosure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 16,795 | $7.75 | $130K |
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 $7.67 to $7.81 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.
