READ RORY P 4
Research Summary
AI-generated summary
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.