Scott Jacob 4
4 · Sprinklr, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Sprinklr (CXM) General Counsel Scott Jacob Receives RSU Award, Sells Shares
What Happened
Scott Jacob, Sprinklr's General Counsel and Corporate Secretary, was granted 280,210 restricted stock units (RSUs) on March 15, 2026 (acquired at $0). On March 16, 2026 he sold 20,141 shares in the open market for a weighted average price of $5.85, generating proceeds of $117,825. The sale was a company‑required "sell to cover" to satisfy tax withholding obligations related to the RSU vesting, not a discretionary sale.
Key Details
- Transaction dates: RSU grant 2026-03-15; sale (sell-to-cover) 2026-03-16. Filing date: 2026-03-17.
- Grant: 280,210 RSUs (no cash paid). Vesting: 1/12th vests on June 15, 2026, then in eleven substantially equal installments each Sept 15, Dec 15, Mar 15 and Jun 15 thereafter, subject to continuous service.
- Sale: 20,141 shares disposed at a weighted average price of $5.85 (reported sale prices ranged $5.765–$5.91). Total proceeds reported: $117,825. The filer can provide the number of shares sold at each exact price upon request (per filing footnote).
- Purpose: Sale was to cover statutory tax withholding required by the issuer's equity plan (footnote F2), not a discretionary open‑market sale.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Timeliness: Filing was submitted two days after the grant/sale dates and appears timely.
Context
RSU awards are a form of compensation (no cash cost at grant); shares vest over time and may trigger required tax withholdings that companies often satisfy via a "sell-to-cover" sale. Such withholding sales are routine and do not necessarily signal insider sentiment about the stock.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-03-15+280,210→ 684,933 total - Sale
Class A Common Stock
[F2][F3]2026-03-16$5.85/sh−20,141$117,825→ 664,792 total
Footnotes (3)
- [F1]Represents a restricted stock unit ("RSU") award. One-twelfth (1/12th) of the RSUs will vest on June 15, 2026 and the remainder will vest in eleven substantially equal installments on each subsequent September 15, December 15, March 15 and June 15, subject to the Reporting Person's continuous service to the Issuer on each such vesting date.
- [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 $5.765 to $5.91 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.