Thomas Ragy 4
4 · Sprinklr, Inc. · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
Sprinklr (CXM) 10% Owner Thomas Ragy Sells Shares
What Happened
Thomas Ragy, listed as a 10% owner of Sprinklr, sold 6,086 shares in a disposition transaction. The reported weighted-average price was $5.30 per share, for total proceeds of approximately $32,256. The filing indicates this sale was a sell-to-cover to satisfy statutory tax-withholding on vested restricted stock units, not a discretionary trade.
Key Details
- Transaction date: 2026-06-16; Form 4 filed: 2026-06-18 (appears timely — within the two-business-day reporting window).
- Shares sold: 6,086; weighted-average price: $5.30; total proceeds ≈ $32,256.
- Price range: shares were sold in multiple trades between $5.24 and $5.33 (footnote F2).
- Footnote F1: Sale was mandated to cover tax withholding for RSU vesting (sell-to-cover), not a discretionary sale.
- Footnote F2: Reporting person will provide breakdown of number of shares sold at each price on request.
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
This was a routine sell-to-cover tied to RSU vesting, which is common and generally not a directional signal about the insider’s view of the stock. As a 10% owner, Ragy’s holdings can be substantial, but this transaction reflects tax withholding rather than an independent investment decision.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-06-16$5.30/sh−6,086$32,256→ 740,710 total
Footnotes (2)
- [F1]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.
- [F2]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.24 to $5.33 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.