Sprinklr CEO sells 145,865 shares in tax trade
Sprinklr’s CEO executed a mandatory sell-to-cover tax transaction tied to RSU vesting, retaining over 3.27 million Class A shares afterward.
Rhea-AI Filing Summary
Sprinklr, Inc. (CXM) reported that President & CEO Rory P. Read sold 145,865 shares of Class A common stock on September 16, 2026 at a weighted average price of $5.55 per share. The company states this was a mandatory "sell to cover" transaction to satisfy statutory tax withholding on vesting restricted stock units and not a discretionary sale. Following the sale, Rory Read directly holds 3,273,325 shares of Sprinklr Class A common stock, and no Rule 10b5-1 trading plan is reported.
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Insights
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Insider Trade Summary
Net Seller: 145,865 shares
Net Sell
1 txn
Insider
READ RORY P
Role
President & CEO
Sold
145,865 shs ($810K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 145,865 | $5.55 | $810K |
Holdings After Transaction:
Class A Common Stock — 3,273,325 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: 145,865 shares
Weighted average sale price: $5.55 per share
Post-transaction holdings: 3,273,325 shares
+2 more
5 metrics
Shares sold
145,865 shares
Class A Common Stock sold on September 16, 2026 in a sell-to-cover transaction
Weighted average sale price
$5.55 per share
Shares sold in multiple transactions at prices from $5.53 to $5.59
Post-transaction holdings
3,273,325 shares
Class A Common Stock directly owned by Rory P. Read after the sale
Net shares sold
145,865 shares
Net sell activity reported in the Form 4 transaction summary
Transaction date
September 16, 2026
Date of the reported sale of Class A Common Stock
Key Terms
restricted stock units, sell to cover, statutory tax withholding obligations, 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.
sell to cover financial
"funded by a "sell to cover" transaction and does not represent"
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.
statutory tax withholding obligations financial
"sold to cover the statutory tax withholding obligations in connection"
weighted average price financial
"The price reported is a weighted average price. These shares"
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 its CEO?
Sprinklr disclosed that President & CEO Rory P. Read sold 145,865 Class A shares on September 16, 2026. The company states this sale was to cover statutory tax withholding arising from vesting restricted stock units and was not a discretionary sale.
Was the Sprinklr (CXM) CEO’s September 16, 2026 sale a discretionary trade?
No. The filing explains the 145,865-share sale was mandated as a “sell to cover” to fund minimum statutory tax withholding obligations on vesting restricted stock units under Sprinklr’s equity incentive plans, and it does not represent a discretionary sale by the CEO.
Was the Sprinklr (CXM) CEO’s sell-to-cover trade under a Rule 10b5-1 plan?
No. The Rule 10b5-1 checkbox is not marked as affirming a trading plan, and the footnotes do not state that this transaction was made under a Rule 10b5-1 plan. The sale is described instead as a required sell-to-cover tax transaction.
What is the purpose of the sell-to-cover transaction reported by Sprinklr (CXM)?
The purpose was to sell 145,865 shares to cover minimum statutory tax withholding obligations triggered by the vesting of the CEO’s restricted stock units, in line with Sprinklr’s equity incentive plan election.
AI-generated analysis. How Rhea-AI works. Not financial advice.
