Sprinklr CAO Covers Taxes with 14k-Share Sell-to-Cover Transaction

Rhea-AI Filing Summary

Sprinklr, Inc. (CXM) – Form 4 filing dated 18-Jun-2025

Chief Administrative Officer Joy Corso reported the mandatory sale of 14,354 Class A common shares on 16-Jun-2025 at a weighted-average price of $8.17 (range $7.99-$8.25). The sale was executed under the company’s “sell-to-cover” mechanism to satisfy statutory tax-withholding obligations triggered by the vesting of restricted stock units and therefore was not a discretionary sale. Following the transaction, Corso continues to beneficially own 803,394 shares, held directly.

The filing contains no derivative transactions and no additional purchases or sales by the insider. Given the small size relative to Corso’s remaining stake and the tax-withholding purpose, the activity is generally viewed as neutral from an investment-impact perspective.

Positive

• Insider retains 803,394 shares, maintaining strong alignment with shareholders.
• Sale executed under mandatory sell-to-cover plan, reducing concerns about discretionary insider selling.

Negative

• 14,354 shares were sold, marginally increasing market float, though size is immaterial.

Insights

Financial Analyst

TL;DR: Routine tax-related sale; minimal impact on CXM valuation.

The transaction represents <≈1.8%> of Corso’s post-sale holdings—far below materiality thresholds. Because the shares were sold solely to cover withholding taxes upon RSU vesting, the action neither signals insider pessimism nor alters the supply-demand dynamics for CXM stock. Insider retains a substantial equity position, aligning interests with shareholders. Overall, I classify the filing as routine housekeeping with no earnings or strategic implications.

Corporate Governance Specialist

TL;DR: Governance-friendly transparency; sale executed under pre-set plan.

The use of a mandated sell-to-cover program and disclosure of the full weighted-average price range demonstrate adherence to good governance and Rule 10b5-1 safeguards. There is no indication of opportunistic trading. As such, I view the filing as governance-neutral and non-impactful for shareholder decision-making.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Corso Joy

(Last) (First) (Middle)

C/O SPRINKLR, INC.

441 9TH AVENUE, 12TH FLOOR

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Sprinklr, Inc. [ CXM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Administrative Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/16/2025		S(1)		14,354	D	$8.17(2)	803,394	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.99 to $8.25 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.

	/s/ Jason Minio, Attorney-in-Fact	06/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Sprinklr (CXM) shares did Joy Corso sell on 16-Jun-2025?

Corso sold 14,354 Class A shares.

What price did the CXM shares sell for?

The weighted-average sale price was $8.17, within a range of $7.99 to $8.25.

Why were the shares sold?

The sale was mandated to cover statutory tax-withholding obligations upon RSU vesting.

How many CXM shares does Joy Corso own after the transaction?

Corso beneficially owns 803,394 shares following the sale.

Does the filing include any derivative securities transactions?

No, no derivative securities were acquired or disposed of in this Form 4.