Sprinklr (CXM) CEO Rory Read Sells 145,865 Shares

What Happened
Rory Read, President & CEO and a director of Sprinklr, sold 145,865 shares of Sprinklr stock on 2026-09-16. The reported weighted-average price was $5.55 per share (range $5.53–$5.59), for aggregate proceeds of approximately $809,551. This transaction is reported as a sale and was executed to satisfy tax withholding obligations on vested restricted stock units (RSUs), not as a discretionary divestiture.

Key Details

• Transaction date: 2026-09-16; Form 4 filed: 2026-09-17 (filed the next day).
• Shares sold: 145,865 at a weighted average price of $5.55; price range reported $5.53–$5.59.
• Proceeds: ~$809,551.
• Shares owned after the transaction: Not specified in the provided filing details.
• Footnote F1: Sale was a mandatory "sell-to-cover" to satisfy statutory tax withholding on RSU vesting — not a discretionary sale.
• Footnote F2: Price is a weighted average; the reporter can provide the exact breakdown of shares sold at each price on request.
• Filing timeliness: Filing appears timely (filed one day after the transaction).

Context
Sell-to-cover transactions are common when executives have RSUs vest and the company requires withholding taxes be paid by selling a portion of the shares; such sales generally reflect tax logistics rather than a personal decision to reduce exposure. For retail investors, purchases by insiders can be more informative about confidence in the company; routine tax-motivated sales like this are less indicative of management sentiment.