READ RORY P 4
4 · Sprinklr, Inc. · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
Sprinklr (CXM) CEO Rory P. Read Sells 143,654 Shares
What Happened
Rory P. Read, President & CEO and Director of Sprinklr, sold 143,654 shares on 2026-06-16 in a transaction that generated approximately $761,366 (weighted average price $5.30). The filing identifies this as a sale to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs), not a discretionary open-market sale.
Key Details
- Transaction date: 2026-06-16; filing date: 2026-06-18 (appears timely).
- Shares sold: 143,654; weighted average price reported: $5.30; price range across trades: $5.24–$5.33. Total proceeds ≈ $761,366.
- Footnote F1: Sale mandated to cover statutory tax withholding for RSU vesting — not a discretionary sale by the insider.
- Footnote F2: Reported price is a weighted average; full breakdown by price available on request per the filing.
- Shares owned after the transaction: not specified in the provided filing.
Context
- This was a "sell-to-cover" tied to RSU vesting (tax purpose). Such mandated sales are routine and do not necessarily signal the insider’s view of the company.
- For retail investors, purchases or discretionary insider buys typically carry more weight as potential bullish signals than tax-mandated sales.
Insider Transaction Report
Form 4
READ RORY P
DirectorPresident & CEO
Transactions
- Sale
Class A Common Stock
[F1][F2]2026-06-16$5.30/sh−143,654$761,366→ 3,419,190 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 $5.24 to $5.33 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|2026-06-18