Sprinklr product chief sells 65K CXM shares
Sprinklr, Inc. Chief Product & CSO Karthik Suri reported open-market sales totaling 65,359 shares of Class A common stock at prices around $5 per share on June 16–17, 2026.
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Form Type
4
Rhea-AI Filing Summary
Sprinklr, Inc. Chief Product & CSO Karthik Suri reported open-market sales totaling 65,359 shares of Class A common stock at prices around $5 per share on June 16–17, 2026. Part of the sale was required to cover tax withholding on restricted stock unit vesting, and at least one transaction was executed under a pre-arranged Rule 10b5-1 trading plan. After these transactions, he directly holds 1,111,472 shares, which include 2,538 shares acquired through the company’s employee stock purchase plan on June 15, 2026.
Insider Trade Summary 10b5-1
Net Seller: 65,359 shares
Net Sell
2 txns
Insider
Suri Karthik
Role
Chief Product & CSO
Sold
65,359 shs ($340K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 41,852 | $5.14 | $215K |
| Sale | Class A Common Stock | 23,507 | $5.30 | $125K |
Holdings After Transaction:
Class A Common Stock — 1,111,472 shares (Direct)
Footnotes (5)
- 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 $5.24 to $5.33 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 ranges set forth in footnotes (2) and (5).
- F3. Includes 2,538 shares acquired under the Issuer's employee stock purchase plan on June 15, 2026.
- F4. This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 11, 2025.
- F5. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.05 to $5.25 inclusive.
Key Figures
Shares sold June 17, 2026: 41,852 shares at $5.14/share
Shares sold June 16, 2026: 23,507 shares at $5.30/share
Total shares sold: 65,359 shares
+2 more
5 metrics
Shares sold June 17, 2026
41,852 shares at $5.14/share
Open-market sale of Class A Common Stock
Shares sold June 16, 2026
23,507 shares at $5.30/share
Open-market sale of Class A Common Stock
Total shares sold
65,359 shares
Net shares sold across reported transactions
Post-transaction holdings
1,111,472 shares
Direct Class A holdings after June 17, 2026
ESPP shares acquired
2,538 shares
Acquired under employee stock purchase plan on June 15, 2026
Key Terms
Rule 10b5-1 trading plan, restricted stock units, employee stock purchase plan, weighted average price
4 terms
Rule 10b5-1 trading plan regulatory
"This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 11, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"shares required to be sold to cover the statutory tax withholding obligations 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.
employee stock purchase plan financial
"Includes 2,538 shares acquired under the Issuer's employee stock purchase plan on June 15, 2026."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
weighted average price financial
"The price reported is a weighted average price. These shares were sold in multiple transactions"
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 transactions did Sprinklr (CXM) report for Karthik Suri?
Sprinklr reported that Chief Product & CSO Karthik Suri sold a total of 65,359 Class A common shares in two open-market transactions on June 16 and 17, 2026, at prices slightly above $5 per share, according to the Form 4 filing.
Did Sprinklr’s Karthik Suri use a Rule 10b5-1 plan for these CXM trades?
Yes. The Form 4 notes that at least one of the reported transactions was executed under a Rule 10b5-1 trading plan adopted on December 11, 2025, indicating the sale was pre-planned rather than timed in response to recent market developments.
What role do restricted stock units play in this Sprinklr (CXM) Form 4?
The filing explains that some shares sold represented amounts required to cover statutory tax withholding from restricted stock unit vesting. Under Sprinklr’s equity plans, these obligations are met through mandated “sell to cover” transactions rather than elective market sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
