[Form 4] Sprinklr, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Sprinklr, Inc. (CXM) director reported a same‑day conversion and sale. On 10/29/2025, the reporting person converted 1,365 shares of Class B Common Stock into 1,365 shares of Class A Common Stock, then sold 1,365 Class A shares at a weighted average price of $7.69.
The filing states the sale was a mandated “sell to cover” to satisfy statutory tax withholding tied to RSU vesting, rather than a discretionary trade. Following these transactions, the director beneficially owned 737,301 Class A shares directly. Each Class B share is convertible into one Class A share, with automatic conversion under certain conditions outlined in the company’s charter.
The sale occurred across multiple trades between $7.675 and $7.695. The reporting person and affiliated trusts also hold Class B shares that are convertible into Class A, as detailed in the footnotes.
Positive
- None.
Negative
- None.
Insights
Neutral: mandated tax sale paired with routine conversion.
The activity combines a conversion of 1,365 Class B into Class A and a same‑day sale of 1,365 Class A at a weighted average of $7.69 on 10/29/2025. The sale is designated as a “sell to cover,” which funds statutory tax withholding from RSU vesting per the company’s equity plan.
This construct typically does not signal a discretionary view on valuation, as proceeds offset tax obligations. After the transactions, the director held 737,301 Class A shares directly. Footnotes reiterate one‑for‑one Class B to Class A convertibility and list indirect holdings via family trusts.
Investor impact is generally limited for such routine forms of insider administration. Actual trading implications depend on holder elections and future vesting events disclosed in subsequent filings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 1,365 | $0.00 | -- |
| Conversion | Class A Common Stock | 1,365 | $0.00 | -- |
| Sale | Class A Common Stock | 1,365 | $7.69 | $10K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
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 to certain timing criteria. If the Reporting Person is terminated for cause, each share of Class B common stock will automatically convert to Class A Common Stock. 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 $7.675 to $7.695 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. The securities are held by Thomas 2014 Family Trust (the "2014 Trust"). The Reporting Person is a trustee of the 2014 Trust. The securities are held by Thomas Family 2017 Irrevocable Trust (the "2017 Trust"). The Reporting Person is a trustee of the 2017 Trust. The securities are held by the 2019 Family Trust. The Reporting Person is a trustee of the 2019 Family Trust.
