Sprinklr CIO sells 6,936 shares in tax-cover trade
Sprinklr’s Chief Information Officer executed a company-mandated sell-to-cover trade tied to RSU vesting, retaining over half a million shares after the transaction.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Sprinklr, Inc. (CXM) reported that Chief Information Officer Sanjay Macwan sold 6,936 shares of Class A Common Stock on September 16, 2026. The company states this was a mandated “sell to cover” transaction to satisfy minimum statutory tax-withholding obligations on vesting restricted stock units, not a discretionary sale. After the sale, Macwan directly holds 545,997 shares.
Insider Trade Summary
Net Seller: 6,936 shares
Net Sell
1 txn
Insider
Macwan Sanjay
Role
Chief Information Officer
Sold
6,936 shs ($38K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 6,936 | $5.55 | $38K |
Holdings After Transaction:
Class A Common Stock — 545,997 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.53 to $5.59 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.
Key Figures
Shares sold: 6,936 shares
Weighted average sale price: $5.55 per share
Shareholding after transaction: 545,997 shares
+1 more
4 metrics
Shares sold
6,936 shares
Mandatory sell-to-cover transaction on September 16, 2026
Weighted average sale price
$5.55 per share
Shares sold in multiple trades between $5.53 and $5.59
Shareholding after transaction
545,997 shares
Direct Class A Common Stock held by Sanjay Macwan post-transaction
Price range of trades
$5.53–$5.59 per share
Range of prices for the multiple transactions comprising the sale
Key Terms
restricted stock units, statutory tax withholding obligations, sell to cover, weighted average price
4 terms
restricted stock units financial
"in connection with the vesting of the restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
statutory tax withholding obligations financial
"shares required to be sold to cover the statutory tax withholding obligations"
sell to cover financial
"to be funded by a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
weighted average price financial
"The price reported is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Sprinklr (CXM) disclose for Sanjay Macwan?
Sprinklr reported that Chief Information Officer Sanjay Macwan sold 6,936 shares of Class A Common Stock on September 16, 2026 in a transaction labeled as a sale in the open market or a private transaction.
Was the CXM insider sale by Sanjay Macwan a discretionary trade?
No. The company discloses the sale was required to cover statutory tax withholding obligations from vesting restricted stock units under a mandated “sell to cover” arrangement, and it “does not represent a discretionary sale” by Sanjay Macwan.
Was Sanjay Macwan’s CXM sale made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as being under such a plan, and the footnotes describe the transaction as a mandated sell-to-cover for tax withholding rather than a pre-arranged Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
