Thomas Ragy 4
4 · Sprinklr, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Sprinklr (CXM) Director Thomas Ragy Sells 16,668 Shares
What Happened
Thomas Ragy, a Director of Sprinklr, sold 16,668 shares on 2026-03-16 in an open-market disposition for total proceeds of approximately $97,508. The reported weighted-average sale price was $5.85 per share (individual trades ranged from $5.765 to $5.91). This was a sale to satisfy tax-withholding obligations tied to vested restricted stock units, not a discretionary sell for investment reasons.
Key Details
- Transaction date: 2026-03-16; Form 4 filed: 2026-03-17 (timely filing).
- Shares sold: 16,668; weighted-average price: $5.85; price range: $5.765–$5.91.
- Proceeds: ~$97,508.
- Shares owned after transaction: not disclosed in the provided filing.
- Footnotes: F1 — sale mandated to cover statutory tax withholding on RSU vesting (“sell to cover”); F2 — price is a weighted average across multiple trades and the filer can provide a per-trade breakdown on request.
- Transaction code: S (sale); related to tax withholding rather than a discretionary trade.
Context
Sell-to-cover transactions are common when equity awards vest and are generally routine tax-related dispositions rather than signals of insider sentiment. This filing does not indicate any additional purchases or exercises by the director.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-03-16$5.85/sh−16,668$97,508→ 695,681 total
Footnotes (2)
- [F1]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.
- [F2]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.