Sprinklr (CXM) 10% Owner Thomas Ragy Sells 5,457 Shares
$CXM · Sprinklr, Inc.Research Summary
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Sprinklr (CXM) 10% Owner Thomas Ragy Sells 5,457 Shares
What Happened
Thomas Ragy, a reported 10% owner of Sprinklr, Inc. (CXM), disposed of 5,457 shares on 2026-09-16 in an open-market sale. The weighted average price was $5.55 per share, resulting in gross proceeds of approximately $30,286. This sale was executed as a "sell-to-cover" to satisfy statutory tax withholding obligations related to RSU vesting and is not presented as a discretionary sale.
Key Details
- Transaction date: 2026-09-16; filing date: 2026-09-17 (appears timely).
- Price: weighted average $5.55; individual trades ranged $5.53–$5.59 (see footnote F2).
- Shares sold: 5,457; proceeds ≈ $30,286.
- Shares owned after the transaction: Not disclosed in this filing.
- Footnotes: F1 — sale mandated to cover tax withholding on vested RSUs (not discretionary). F2 — reported price is a weighted average; detailed per-trade pricing available on request.
- Insider status: Reporting person is a 10% owner (institutional/large holder), not a typical officer/director trading disclosure.
Context
Sell-to-cover transactions are routine and reflect the issuer's method of covering withholding tax when restricted stock units vest; they generally do not signal a voluntary decision to liquidate additional holdings. As a 10% owner, this report documents required disclosure of the mandatory tax-related sale rather than a strategic market trade.