CXM Form 4: Director Sell-to-Cover of 28,916 Shares; 737,301 Remaining
Rhea-AI Filing Summary
Thomas Ragy, a director of Sprinklr, Inc. (CXM), reported the sale of 28,916 shares of Class A common stock on 09/16/2025. The filing states the sale was a sell-to-cover transaction to satisfy statutory tax withholding on vested restricted stock units, executed at a weighted-average price of $7.75 (individual trade prices ranged from $7.67 to $7.81).
After the transaction, the reporting person beneficially owned 737,301 shares, held directly. The Form 4 was signed by an attorney-in-fact and notes the reporting person will provide detailed per-price trade information on request.
Positive
- Sale was a sell-to-cover tied to tax withholding, indicating it was non-discretionary and related to RSU vesting
- Reporting person retains substantial ownership after the transaction: 737,301 shares beneficially owned
Negative
- Shares were disposed (28,916 sold), reducing the reporting person’s direct holdings
- Weighted-average sale price disclosed ($7.75) may reflect recent trading levels for the issuer
Insights
TL;DR: Routine, non-discretionary sell-to-cover by a director; holding remains substantial and the sale appears tax-driven.
The transaction consists of 28,916 shares sold solely to satisfy tax withholding from vested restricted stock units, not a discretionary cash sale. The weighted-average price was $7.75 and the filer still reports beneficial ownership of 737,301 shares, indicating continued alignment with shareholders. This type of filing is typically neutral for valuation since it reflects internal tax mechanics rather than a change in conviction.
TL;DR: Disclosure compliant and routine; sale was mandated by company equity plan, not a voluntary disposition.
The Form 4 clearly identifies the sale as a company-mandated sell-to-cover to meet statutory tax obligations related to vested RSUs. Documentation includes the price range and an undertaking to provide per-price details on request, which supports transparency. No executive departure or governance change is disclosed.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 28,916 | $7.75 | $224K |
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.
