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.
Positive
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Negative
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 20,141 | $5.85 | $118K |
| Grant/Award | Class A Common Stock | 280,210 | $0.00 | -- |
Footnotes (1)
- Represents a restricted stock unit ("RSU") award. One-twelfth (1/12th) of the RSUs will vest on June 15, 2026 and the remainder will vest in eleven substantially equal installments on each subsequent September 15, December 15, March 15 and June 15, subject to the Reporting Person's continuous service to the Issuer on each such vesting date. 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.
