Sprinklr (CXM) General Counsel awarded 280,210 RSUs, sells shares to cover taxes
Rhea-AI Filing Summary
Sprinklr, Inc. General Counsel Scott Jacob reported a new equity award and a small related share sale. He received a grant of 280,210 restricted stock units of Class A Common Stock at no cost, with one-twelfth scheduled to vest on June 15, 2026 and the remaining RSUs vesting in eleven substantially equal installments on later March, June, September, and December 15 dates, subject to continued service.
On March 16, 2026, 20,141 shares of Class A Common Stock were sold at a weighted average price of $5.85 per share, within a range of $5.765 to $5.91. According to the disclosure, this sale was mandated to cover statutory tax withholding obligations arising from RSU vesting under the company’s equity plans and was not a discretionary sale by Jacob. After these transactions, Jacob directly held 664,792 shares of Class A Common Stock.
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Insights
Routine RSU grant plus tax sell-to-cover; minimal signaling impact.
Sprinklr’s General Counsel, Scott Jacob, received a sizeable RSU award of 280,210 Class A shares, vesting gradually from June 15, 2026 over subsequent quarterly dates, contingent on continued service. This is standard executive equity compensation, aligning pay with long-term share performance.
The 20,141 shares sold at a weighted average of $5.85 per share were explicitly to cover statutory tax withholding tied to RSU vesting, using a mandated “sell to cover” mechanism. Because this disposition was not discretionary and Jacob still holds 664,792 shares afterward, the filing reads as routine compensation administration rather than a directional bet on the stock.
FAQ
What did Sprinklr (CXM) executive Scott Jacob report in this Form 4?
How many RSUs did Sprinklr (CXM) grant to Scott Jacob and how do they vest?
Was Scott Jacob’s sale of Sprinklr (CXM) shares a discretionary trade?
At what price were the Sprinklr (CXM) shares sold to cover taxes?
How many Sprinklr (CXM) shares does Scott Jacob own after these transactions?
What does the RSU award mean for Sprinklr (CXM) shareholders?