Thomas Ragy 4
Research Summary
AI-generated summary
Sprinklr (CXM) Director Thomas Ragy Sells 16,668 Shares
What Happened
Thomas Ragy, a Director of Sprinklr, sold 16,668 shares on 2026-03-16 in an open-market disposition for total proceeds of approximately $97,508. The reported weighted-average sale price was $5.85 per share (individual trades ranged from $5.765 to $5.91). This was a sale to satisfy tax-withholding obligations tied to vested restricted stock units, not a discretionary sell for investment reasons.
Key Details
- Transaction date: 2026-03-16; Form 4 filed: 2026-03-17 (timely filing).
- Shares sold: 16,668; weighted-average price: $5.85; price range: $5.765–$5.91.
- Proceeds: ~$97,508.
- Shares owned after transaction: not disclosed in the provided filing.
- Footnotes: F1 — sale mandated to cover statutory tax withholding on RSU vesting (“sell to cover”); F2 — price is a weighted average across multiple trades and the filer can provide a per-trade breakdown on request.
- Transaction code: S (sale); related to tax withholding rather than a discretionary trade.
Context
Sell-to-cover transactions are common when equity awards vest and are generally routine tax-related dispositions rather than signals of insider sentiment. This filing does not indicate any additional purchases or exercises by the director.