Macwan Sanjay 4
4 · Sprinklr, Inc. · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
Sprinklr (CXM) CIO Sanjay Macwan Sells 27,277 Shares
What Happened
Sanjay Macwan, Chief Information Officer of Sprinklr (CXM), disposed of 27,277 shares on June 16, 2026 in an open-market sell-to-cover transaction. The weighted-average price reported was $5.30 per share, for total proceeds of approximately $144,568. This was a sale to satisfy tax withholding on vested restricted stock units, not a discretionary sale.
Key Details
- Transaction date: 2026-06-16 (filed with the SEC on 2026-06-18; appears timely).
- Type: Sale (S) — sell-to-cover to satisfy statutory tax withholding on RSU vesting.
- Shares sold: 27,277; weighted-average price: $5.30; price range across multiple trades: $5.24–$5.33.
- Proceeds: ~$144,568.
- Shares owned after transaction: not reported in the provided summary.
- Footnotes: F1 — sale mandated by issuer’s sell-to-cover election for tax withholding; F2 — weighted average price with multiple execution prices, and the reporting person can provide per-price breakdown on request.
Context
Sell-to-cover transactions are routine tax-withholding actions tied to equity vesting and generally do not indicate a manager's discretionary view of the company. The filing notes the sale was to satisfy statutory tax obligations for vested RSUs rather than an independent decision to liquidate additional holdings.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-06-16$5.30/sh−27,277$144,568→ 552,933 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.