Luca Lazzaron - Sep 6, 2022 Form 4 Insider Report for Sprinklr, Inc. (CXM)

Role
Chief Revenue Officer
Signature
/s/ Jason Minio, Attorney-in-Fact
Stock symbol
CXM
Transactions as of
Sep 6, 2022
Transactions value $
-$186,178
Form type
4
Date filed
9/8/2022, 05:04 PM
Previous filing
Aug 11, 2022
Next filing
Sep 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXM Class A Common Stock Conversion of derivative security +24.7K +4.66% 555K Sep 6, 2022 Direct F1
transaction CXM Class A Common Stock Sale -$278K -24.7K -4.45% $11.27 530K Sep 6, 2022 Direct F2, F3

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 Employee Stock Option (right to buy) Options Exercise $0 -24.7K -84.66% $0.00 4.48K Sep 6, 2022 Class B Common Stock 24.7K $3.73 Direct F2, F4
transaction CXM Class B Common Stock Options Exercise $92.1K +24.7K +4.2% $3.73 612K Sep 6, 2022 Class A Common Stock 24.7K Direct F1, F2
transaction CXM Class B Common Stock Conversion of derivative security $0 -24.7K -4.03% $0.00 588K Sep 6, 2022 Class A Common Stock 24.7K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 This exercise and subsequent sales were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 14, 2022.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.12 to $11.40, 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.
F4 One fourth (1/4th) of the shares subject to the option award vested on February 7, 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.