Corso Joy 4

What Happened

• Corso Joy, Chief Administrative Officer of Sprinklr (CXM), was granted 455,341 restricted stock units (RSUs) on 2026-03-15 (no cash cost). On 2026-03-16 she disposed of 49,484 shares in an open-market sale for a weighted average price of $5.85, generating proceeds of approximately $289,481.
• The sale was a sell-to-cover to satisfy statutory tax withholding on the RSU vesting — not a discretionary cash-sale of her shares.

Key Details

• Grant: 455,341 RSUs awarded on 2026-03-15 (value shown as $0 because these are equity awards, not a purchase).
• Sale: 49,484 shares sold on 2026-03-16; weighted-average price $5.85; total reported proceeds ~$289,481. Report notes sales executed at prices between $5.765 and $5.91 (reporting person can provide per-price breakdown on request).
• Vesting schedule (footnote): 1/12 of the RSUs vest on June 15, 2026; the remainder vests in 11 substantially equal installments on the following Sept 15, Dec 15, Mar 15 and June 15 dates, subject to continued service.
• Tax withholding: The sale was mandated by the issuer’s “sell to cover” election to satisfy minimum statutory tax withholding (footnote clarifies this is not a discretionary sale).
• Filing: Form 4 filed 2026-03-17 reporting transactions dated 2026-03-15 and 2026-03-16 — appears timely (filed within the usual Form 4 reporting window).
• Shares owned after the transactions: not specified in the provided summary; see the full Form 4 for post-transaction holdings.

Context

• RSUs are a grant that convert to shares upon vesting; the sale here covered taxes owed at vesting and does not, by itself, indicate a change in sentiment.
• For retail investors, purchases by insiders can be more informative than routine sell-to-cover transactions; this filing mainly documents an award vesting and the standard tax-related sale that accompanied it.