Sprinklr, Inc.·4

Mar 17, 4:30 PM ET

Corso Joy 4

4 · Sprinklr, Inc. · Filed Mar 17, 2026

Research Summary

AI-generated summary of this filing

Updated

Sprinklr (CXM) CAO Corso Joy Receives RSU Award, Sells 49,484 Shares

What Happened

  • Corso Joy, Chief Administrative Officer of Sprinklr (CXM), was granted 455,341 restricted stock units (RSUs) on 2026-03-15 (no cash cost). On 2026-03-16 she disposed of 49,484 shares in an open-market sale for a weighted average price of $5.85, generating proceeds of approximately $289,481.
  • The sale was a sell-to-cover to satisfy statutory tax withholding on the RSU vesting — not a discretionary cash-sale of her shares.

Key Details

  • Grant: 455,341 RSUs awarded on 2026-03-15 (value shown as $0 because these are equity awards, not a purchase).
  • Sale: 49,484 shares sold on 2026-03-16; weighted-average price $5.85; total reported proceeds ~$289,481. Report notes sales executed at prices between $5.765 and $5.91 (reporting person can provide per-price breakdown on request).
  • Vesting schedule (footnote): 1/12 of the RSUs vest on June 15, 2026; the remainder vests in 11 substantially equal installments on the following Sept 15, Dec 15, Mar 15 and June 15 dates, subject to continued service.
  • Tax withholding: The sale was mandated by the issuer’s “sell to cover” election to satisfy minimum statutory tax withholding (footnote clarifies this is not a discretionary sale).
  • Filing: Form 4 filed 2026-03-17 reporting transactions dated 2026-03-15 and 2026-03-16 — appears timely (filed within the usual Form 4 reporting window).
  • Shares owned after the transactions: not specified in the provided summary; see the full Form 4 for post-transaction holdings.

Context

  • RSUs are a grant that convert to shares upon vesting; the sale here covered taxes owed at vesting and does not, by itself, indicate a change in sentiment.
  • For retail investors, purchases by insiders can be more informative than routine sell-to-cover transactions; this filing mainly documents an award vesting and the standard tax-related sale that accompanied it.

Insider Transaction Report

Form 4
Period: 2026-03-15
Corso Joy
Chief Administrative Officer
Transactions
  • Award

    Class A Common Stock

    [F1]
    2026-03-15+455,3411,258,735 total
  • Sale

    Class A Common Stock

    [F2][F3]
    2026-03-16$5.85/sh49,484$289,4811,209,251 total
Footnotes (3)
  • [F1]Represents a restricted stock unit ("RSU") award. 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.
Signature
/s/ Laura Acton, Attorney-in-Fact|2026-03-17

Documents

1 file
  • 4
    form4-03172026_040312.xmlPrimary