READ RORY P 4
4 · Sprinklr, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Sprinklr CEO Rory Read Receives RSU Award; Sells Shares to Cover Taxes
What Happened
Rory P. Read, President & CEO and Director of Sprinklr, was awarded 2,101,575 restricted stock units (RSUs) on 2026-03-15 (acquisition at $0). Following vesting-related obligations, he sold 45,001 shares on 2026-03-16 in a sell-to-cover transaction, generating approximately $263,256 (weighted-average price $5.85).
Key Details
- Transactions: RSU grant (A) — 2,101,575 RSUs on 2026-03-15; Sale (S) — 45,001 shares on 2026-03-16.
- Sale price: weighted average $5.85; reported sale prices ranged from $5.765 to $5.91 (footnote F3). Total proceeds ~ $263,256.
- Shares owned after transaction: not reported in the excerpt provided.
- Footnotes: F1 = RSUs with staged vesting (1/12 vest 6/15/2026, then quarterly installments thereafter, contingent on continued service). F2 = the share sale was a mandatory "sell to cover" to satisfy statutory tax withholding on vesting, not a discretionary sale. F3 = weighted-average price and range disclosure; issuer can provide per-price breakdown on request.
- Filing: Form 4 filed 2026-03-17 for transactions on 3/15 and 3/16 — appears timely (no late filing indicated).
Context
RSU grants are compensation awards and do not represent an open-market purchase decision; the subsequent sale was to satisfy tax withholding obligations (common practice). Because the sale was mandated by the company’s sell-to-cover policy, it should not be read as a discretionary insider sale indicating a view on the stock.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-03-15+2,101,575→ 3,607,845 total - Sale
Class A Common Stock
[F2][F3]2026-03-16$5.85/sh−45,001$263,256→ 3,562,844 total
Footnotes (3)
- [F1]Represents restricted stock unit ("RSU") awards. One-twelfth (1/12th) of the RSUs will vest on June 15, 2026 and the remainder will vest in eleven substantially equal installments on each subsequent September 15, December 15, March 15 and June 15, subject to the Reporting Person's continuous service to the Issuer on each such vesting date.
- [F2]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.
- [F3]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.765 to $5.91 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.