Daniel P. Haley - Apr 11, 2022 Form 4 Insider Report for Sprinklr, Inc. (CXM)

Signature
/s/ Jason Minio, Attorney-in-Fact
Stock symbol
CXM
Transactions as of
Apr 11, 2022
Transactions value $
-$717,061
Form type
4
Date filed
4/13/2022, 09:11 PM
Previous filing
Jun 29, 2021
Next filing
Apr 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXM Class A Common Stock Award $0 +100K $0.00 100K Apr 11, 2022 Direct F1
transaction CXM Class A Common Stock Conversion of derivative security +4K +4% 104K Apr 11, 2022 Direct F2
transaction CXM Class A Common Stock Sale -$17.1K -1.24K -1.19% $13.79 103K Apr 12, 2022 Direct F3, F4
transaction CXM Class A Common Stock Conversion of derivative security +72.9K +70.96% 176K Apr 13, 2022 Direct F2
transaction CXM Class A Common Stock Sale -$1.01M -72.9K -41.51% $13.85 103K Apr 13, 2022 Direct F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CXM Class B Common Stock Conversion of derivative security $0 -4K -2.7% $0.00 144K Apr 11, 2022 Class A Common Stock 4K Direct F2
transaction CXM Employee Stock Option (right to buy) Options Exercise $0 -72.9K -14.58% $0.00 427K Apr 13, 2022 Class B Common Stock 72.9K $4.25 Direct F6
transaction CXM Class B Common Stock Options Exercise $310K +72.9K +50.53% $4.25 217K Apr 13, 2022 Class A Common Stock 72.9K Direct F2
transaction CXM Class B Common Stock Conversion of derivative security $0 -72.9K -33.57% $0.00 144K Apr 13, 2022 Class A Common Stock 72.9K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a restricted stock unit ("RSU") award. One-fourth (1/4th) of the RSUs shall vest on March 15, 2023, and one-twelfth (1/12th) of the remaining RSUs shall vest on each subsequent June 15, September 15, December 15 and March 15 thereafter, subject to the Reporting Person's continuous service to the Issuer on each such vesting date.
F2 Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into shares of Class A common stock, on a one-to-one basis, upon the following: (1) the sale or transfer of such share of Class B Common Stock, subject to certain exceptions specified in the Issuer's amended and restated certificate of incorporation; (2) the death of the Reporting Person; and (3) the final conversion date, defined as the first trading day on or after the date on which the outstanding shares of Class B Common Stock represent less than 5.0% of the Issuer's then-outstanding Class A and Class B Common Stock, subject to certain timing criteria.
F3 Represents the number of shares required to be sold to cover the statutory tax withholding obligations in connection with the vesting of the RSUs. 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.45 to $14.15 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 ranges set forth in footnotes (4) and (5).
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.65 to $14.11 inclusive.
F6 One fourth (1/4th) of the shares subject to the option award vested on September 3, 2019, and one forty-eighth (1/48th) of the shares subject to the option award vested or shall vest on the first day of each month thereafter, subject to the Reporting Person's continuous service.