CXM Form 4: Neeraj Agrawal-linked funds sell blocks, large indirect stake remains
Rhea-AI Filing Summary
Neeraj Agrawal, a director of Sprinklr, Inc. (CXM), reported multiple sales of Class A common stock on 10/06/2025–10/08/2025. The filing shows staged dispositions by investment vehicles linked to the reporting person at weighted average prices between $7.425 and $7.895, with specific reported sale blocks of 88,584, 895, 133,650, 1,350, 148,500, and 1,500 shares.
After the transactions, some indirect holdings tied to the reporting person remain substantial: Battery Ventures Select Fund I, L.P. holds 2,180,664 shares and the reporting person’s trust holds 200,244 shares. Several entities controlled by the reporting person reported zero remaining shares following specific sales. Footnotes clarify the indirect nature of ownership and present weighted-average price ranges for the multiple trades.
Positive
- Transparent disclosure of multiple sales with weighted-average price ranges provided
- Large retained indirect stake remains: Battery Ventures Select Fund I holds 2,180,664 shares
- Detailed footnotes clarify indirect ownership and price ranges for multiple transactions
Negative
- Significant disposals executed 10/06/2025–10/08/2025 totaling at least 373,479 shares across reported blocks
- Some affiliated entities reduced to zero for the reported Class A holdings after the 10/08/2025 trades
Insights
Insider disclosed coordinated fund sales across multiple days at ~$7.50–$7.80 per share.
The report shows staged disposals by funds and entities where the reporting person is a managing member, with weighted average sale prices reported between $7.425 and $7.895. Several specific share blocks—totaling at least 373,479 shares sold across the listed transactions—were disposed of over 10/06/2025–10/08/2025.
These transactions are disclosed as indirect sales by affiliated funds rather than direct sales by the director; governance watchers should note continued substantial indirect holdings such as 2,180,664 shares in one select fund. Monitor periodic Section 16 filings for further changes within the quarter.
Form 4 provides transparent timing and price ranges; some affiliated stakes were reduced to zero.
The filing supplies weighted-average price ranges and footnote detail for multiple trade tranches, which supports clear public disclosure. It also shows that certain entities tied to the reporting person reported zero remaining Class A shares after the last sales on 10/08/2025, while other affiliated vehicles retain large positions.
For investors, the material items to watch are any additional Form 4 filings that change the large retained position of 2,180,664 shares or the trust-held 200,244 shares during the next reporting period.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 148,500 | $7.61 | $1.13M |
| Sale | Class A Common Stock | 1,500 | $7.61 | $11K |
| Sale | Class A Common Stock | 133,650 | $7.51 | $1.00M |
| Sale | Class A Common Stock | 1,350 | $7.51 | $10K |
| Sale | Class A Common Stock | 88,584 | $7.78 | $689K |
| Sale | Class A Common Stock | 895 | $7.78 | $7K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $7.74 to $7.895 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 securities sold at each separate price within the range set forth in this footnote. Securities are held by Battery Ventures IX, L.P. ("BV IX"). Battery Partners IX, LLC ("BP IX") is the general partner of BV IX. The Reporting Person is a managing member of BP IX and maybe deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose. Securities are held by Battery Investment Partners IX, LLC ("BIP IX"). BP IX is the managing member of BIP IX. The Reporting Person is a managing member of BP IX and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $7.425 to $7.745 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 securities sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $7.495 to $7.675 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 securities sold at each separate price within the range set forth in this footnote. Securities are held by Battery Ventures Select Fund I, L.P. ("BV Select I"). The general partner of BV Select I is Battery Partners Select Fund I, L.P. ("BP Select I"). The general partner of BP Select I is Battery Partners Select Fund I GP, LLC ("BP Select I GP"). The Reporting Person is a managing member of BP Select I GP and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose. Securities are held by Battery Investment Partners Select Fund I, L.P. ("BIP Select I"). The general partner of BV Select I is BP Select I GP. The Reporting Person is a managing member of BP Select I GP and may be deemed to share voting and dispositive power over these securities. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of for any other purpose. Securities are held by the Neeraj Agrawal Irrevocable GST Trust of 2013, of which the Reporting Person's spouse is the trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his proportionate pecuniary interest therein. The securities held by the Reporting Person prior to the transactions reported herein reflect the receipt of securities pursuant to pro rata distributions in kind, effected by BP IX to its members for no additional consideration, including the Reporting Person. The receipt of such securities by the Reporting Person constituted a change in form of ownership and, therefore, was not required to be reported pursuant to Section 16.
