Sprinklr (CXM) CIO Sanjay Macwan Sells 6,936 Shares

What Happened
Sanjay Macwan, Chief Information Officer of Sprinklr, sold 6,936 shares on 2026-09-16 in open-market transactions. The reported weighted-average price was $5.55 per share (range $5.53–$5.59), for total proceeds of approximately $38,495. This sale was a disposition (S) and was executed as a "sell-to-cover" to satisfy tax-withholding obligations tied to the vesting of restricted stock units, not a discretionary sale.

Key Details

• Transaction date: 2026-09-16; Form 4 filed: 2026-09-17 (timely filing).
• Price: weighted average $5.55; individual trades ranged $5.53–$5.59.
• Shares sold: 6,936; proceeds ≈ $38,495.
• Shares owned after transaction: not provided in the supplied filing excerpt.
• Footnotes:
  • F1: Sale was mandated to cover statutory tax withholding for vested RSUs (sell-to-cover), not a discretionary sale.
  • F2: Price is a weighted average; the filer can provide the exact breakdown of shares sold at each price on request.

Context
Sell-to-cover transactions are common when RSUs vest and generally reflect tax-processing mechanics rather than a deliberate decision to reduce exposure. The transaction size here is modest; it should be interpreted as fulfilling tax obligations tied to vested equity, not necessarily as a signal about the executive's view of the company's prospects.