Sprinklr (NYSE: CXM) director exercises options and sells Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sprinklr, Inc. director reports option exercises, share conversions, and open‑market sales. On December 8, 2025 and December 9, 2025, the reporting person exercised stock options for 78,032 and 221,968 shares of Class B Common Stock, respectively, each converted into an equal number of Class A Common Stock. On those same dates, the director sold 41,163 Class A shares at a weighted average price of $7.80 and 116,226 Class A shares at a weighted average price of $7.86.
After these transactions, the director directly beneficially owns 239,928 shares of Sprinklr Class A Common Stock. Each Class B share is convertible into one Class A share and will automatically convert upon certain events, including transfer, the holder’s death, or when Class B falls below 5% of combined Class A and Class B shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 157,389 shares ($1,234,608)
Net Sell
10 txns
Insider
Kanouff Yvette
Role
Director
Sold
157,389 shs ($1.23M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 221,968 | $0.00 | -- |
| Exercise | Class B Common Stock | 221,968 | $4.10 | $910K |
| Conversion | Class B Common Stock | 221,968 | $0.00 | -- |
| Conversion | Class A Common Stock | 221,968 | $0.00 | -- |
| Sale | Class A Common Stock | 116,226 | $7.86 | $914K |
| Exercise | Stock Option (right to buy) | 78,032 | $0.00 | -- |
| Exercise | Class B Common Stock | 78,032 | $4.10 | $320K |
| Conversion | Class B Common Stock | 78,032 | $0.00 | -- |
| Conversion | Class A Common Stock | 78,032 | $0.00 | -- |
| Sale | Class A Common Stock | 41,163 | $7.80 | $321K |
Holdings After Transaction:
Stock Option (right to buy) — 0 shares (Direct);
Class B Common Stock — 221,968 shares (Direct);
Class A Common Stock — 356,154 shares (Direct)
Footnotes (1)
- Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into shares of Class A common stock, on a one-to-one basis, upon the following: (1) the sale or transfer of such share of Class B Common Stock, subject to certain exceptions specified in the Issuer's amended and restated certificate of incorporation; (2) the death of the Reporting Person; and (3) the final conversion date, defined as the first trading day on or after the date on which the outstanding shares of Class B Common Stock represent less than 5.0% of the Issuer's then-outstanding Class A and Class B Common Stock, subject to certain timing criteria. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.80 to $7.86 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 ranges set forth in footnotes (2) and (3). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.80 to $7.91 inclusive. Fully vested and exercisable.
FAQ
What insider transactions did Sprinklr (CXM) report in this Form 4?
The filing shows a Sprinklr director exercised stock options into Class B Common Stock that converted into Class A Common Stock and then sold a portion of those Class A shares in open-market transactions on December 8 and 9, 2025.
What option exercises did the Sprinklr (CXM) director report?
The filing reports option exercises (transaction code M) for 78,032 derivative securities on December 8, 2025 and 221,968 derivative securities on December 9, 2025, each relating to stock options to acquire Class B Common Stock that was converted into Class A Common Stock.
How does Sprinklr's Class B Common Stock convert into Class A Common Stock?
Each share of Sprinklr Class B Common Stock is convertible at any time at the holder’s option into one share of Class A Common Stock, and also converts automatically upon certain events, including transfer (with specified exceptions), the holder’s death, or when Class B shares represent less than 5.0% of combined Class A and Class B shares.