Thomas Ragy 4

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).