Insider Sell-to-Cover: Sprinklr (CXM) GC Sells 6,688 Shares at $7.75 Avg
Rhea-AI Filing Summary
Scott Jacob, General Counsel of Sprinklr, Inc. (CXM), reported a non-discretionary sell-to-cover transaction on 09/16/2025 in connection with the vesting of restricted stock units. The Form 4 shows 6,688 shares of Class A common stock were sold at a weighted average price of $7.75 (sales ranged from $7.67 to $7.81) to satisfy statutory tax withholding obligations. After the transaction, the Reporting Person beneficially owned 434,976 shares. The sale is described as mandated by the issuer’s equity plan and not a discretionary sale by the Reporting Person. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/18/2025.
Positive
- Transaction was non-discretionary and conducted to satisfy statutory tax withholding obligations, per the filing
- Form 4 filed and signed (via attorney-in-fact), indicating compliance with Section 16 reporting requirements
Negative
- Reported disposal of 6,688 shares reduced the reporting person's beneficial ownership to 434,976 shares
Insights
TL;DR: Routine, non-discretionary sell-to-cover for tax withholding; no evidence of discretionary insider selling.
The filing documents a mandatory sell-to-cover of 6,688 shares tied to RSU vesting, a common administrative action under equity incentive plans. The disclosure specifies the transaction was required by the issuer to satisfy minimum statutory tax withholding and expressly states it was not a discretionary sale. Beneficial ownership remains at 434,976 shares after the transaction. From a governance perspective, the form follows Section 16 reporting norms and signals standard compliance with equity plan mechanics rather than a change in insider sentiment.
TL;DR: Small, administrative sale; limited potential market impact given the size and stated purpose.
The weighted-average sale price reported is $7.75 with execution prices between $7.67 and $7.81. The number of shares sold (6,688) represents the shares required to cover withholding for vested RSUs; the filer retains 434,976 shares beneficially. The disclosure is explicit about the sell-to-cover nature, reducing the likelihood this reflects a voluntary liquidity event by the insider. This filing alone provides no operational or financial performance information about the company.