Thomas Ragy 4
4 · Sprinklr, Inc. · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Sprinklr (CXM) Director Thomas Ragy Sells 1,054 Shares
What Happened
Thomas Ragy, a director of Sprinklr (CXM), converted 1,054 shares of Class B common stock into Class A common stock and immediately sold those 1,054 shares in an open‑market transaction on January 29, 2026. The reported sale price was $6.35 per share for total gross proceeds of about $6,693 (weighted average price reported in the filing ranges from $6.3513 to $6.355).
Key Details
- Transaction date: January 29, 2026; Form 4 filed February 2, 2026 (timely).
- Sale: 1,054 shares sold in the open market; reported price $6.35; weighted avg price range $6.3513–$6.355 (see footnote F3). Total proceeds ≈ $6,693.
- Conversion: The filing shows conversions of derivative securities (Class B → Class A) for 1,054 shares (reported at $0.00 for the conversion event) — see footnote F1 explaining convertibility of Class B into Class A.
- Purpose: Footnote F2 indicates the shares sold represent the number required to be sold to cover statutory tax withholding obligations tied to RSU vesting (a "sell to cover"), not a discretionary investment sale.
- Holdings after transaction: Not specified in this Form 4.
- Trust holdings: Some securities are held in family trusts for which Mr. Ragy is trustee (footnotes F4–F6).
Context
This was a conversion of Class B shares to Class A and an immediate sale (a common administrative step). The filing indicates the sale was to satisfy tax withholding obligations (routine "sell to cover"), so it is generally a technical/administrative transaction rather than an explicit market sentiment signal. The dollar amount involved is small (~$6.7k).
Insider Transaction Report
- Conversion
Class A Common Stock
[F1]2026-01-29+1,054→ 713,403 total - Sale
Class A Common Stock
[F2][F3]2026-01-29$6.35/sh−1,054$6,693→ 712,349 total - Conversion
Class B Common Stock
[F1]2026-01-29−1,054→ 20,557,511 total→ Class A Common Stock (1,054 underlying)
- 8,129,863(indirect: See footnote)
Class B Common Stock
[F1][F4]→ Class A Common Stock (8,129,863 underlying) - 13,106,677(indirect: See footnote)
Class B Common Stock
[F1][F5]→ Class A Common Stock (13,106,677 underlying) - 1,996,523(indirect: See footnote)
Class B Common Stock
[F1][F6]→ Class A Common Stock (1,996,523 underlying) - 110,445(indirect: By Spouse)
Class B Common Stock
[F1]→ Class A Common Stock (110,445 underlying)
Footnotes (6)
- [F1]Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into shares of Class A common stock, on a one-to-one basis, upon the following: (1) the sale or transfer of such share of Class B Common Stock, subject to certain exceptions specified in the Issuer's amended and restated certificate of incorporation; (2) the death of the Reporting Person; and (3) the final conversion date, defined as the first trading day on or after the date on which the outstanding shares of Class B Common Stock represent less than 5.0% of the Issuer's then-outstanding Class A and Class B Common Stock to certain timing criteria. If the Reporting Person is terminated for cause, each share of Class B common stock will automatically convert to Class A Common Stock.
- [F2]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.
- [F3]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.3513 to $6.355 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.
- [F4]The securities are held by Thomas 2014 Family Trust (the "2014 Trust"). The Reporting Person is a trustee of the 2014 Trust.
- [F5]The securities are held by Thomas Family 2017 Irrevocable Trust (the "2017 Trust"). The Reporting Person is a trustee of the 2017 Trust.
- [F6]The securities are held by the 2019 Family Trust. The Reporting Person is a trustee of the 2019 Family Trust.