READ RORY P 4
Research Summary
AI-generated summary
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.