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.
FAQ
What insider transactions did CXM executive Joy Corso report on this Form 4?
Why did Sprinklr (CXM) executive Joy Corso sell 49,484 shares?
How many Sprinklr (CXM) RSUs were granted to Joy Corso and how do they vest?
What is Joy Corso’s Sprinklr (CXM) share ownership after these Form 4 transactions?
Was the Sprinklr (CXM) insider sale by Joy Corso part of a trading plan?
At what prices were Joy Corso’s Sprinklr (CXM) shares sold in the tax transaction?