Sprinklr (CXM) CAO Joy Corso receives 455,341 RSUs, sells shares for tax
Rhea-AI Filing Summary
Sprinklr, Inc. Chief Administrative Officer Joy Corso reported both an equity award and a tax-related share sale. On March 15, 2026, Corso received a grant of 455,341 Class A Common Stock RSUs at no cost. One-twelfth of these RSUs will vest on June 15, 2026, with the remainder vesting in eleven substantially equal quarterly installments, subject to continued service.
On March 16, 2026, Corso sold 49,484 shares of Class A Common Stock at a weighted average price of $5.85 per share to cover statutory tax withholding obligations from the RSU vesting, a mandatory sell-to-cover transaction rather than a discretionary sale. After these transactions, Corso directly owned 1,209,251 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insights
Routine RSU grant with mandated tax sell-to-cover; net position remains sizable.
Chief Administrative Officer Joy Corso received a large 455,341-share RSU grant, a standard equity compensation tool aligning executive incentives with long-term stock performance. The award vests over multiple dates from June 15, 2026, contingent on continued service.
The 49,484-share sale at a weighted average price of $5.85 per share is explicitly described as a sell to cover for statutory tax withholding, mandated under the company’s equity plan. This makes it a mechanistic tax event, not a discretionary open-market reduction in exposure.
Following these transactions, Corso directly holds 1,209,251 shares of Class A Common Stock, indicating a substantial remaining stake. With no derivative positions listed in this filing, the visible exposure is entirely in common stock, and the net activity appears routine rather than thesis-changing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 49,484 | $5.85 | $289K |
| Grant/Award | Class A Common Stock | 455,341 | $0.00 | -- |
Footnotes (1)
- Represents a restricted stock unit ("RSU") award. One-twelfth (1/12th) of the RSUs will vest on June 15, 2026 and the remainder will vest in eleven substantially equal installments on each subsequent September 15, December 15, March 15 and June 15, subject to the Reporting Person's continuous service to the Issuer on each such vesting date. 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 $5.765 to $5.91 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.