Scott Jacob 4

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.