Ragy Thomas - Apr 28, 2023 Form 4 Insider Report for Sprinklr, Inc. (CXM)

Role
Chief Executive Officer, Director
Signature
/s/ Jason Minio, Attorney-in-Fact
Stock symbol
CXM
Transactions as of
Apr 28, 2023
Transactions value $
-$18,513
Form type
4
Date filed
5/2/2023, 04:51 PM
Previous filing
Apr 5, 2023
Next filing
Jun 20, 2023

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 +3K +0.6% 501K Apr 28, 2023 Direct F1
transaction CXM Class A Common Stock Sale -$18.5K -1.56K -0.31% $11.89 500K May 1, 2023 Direct F2

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 -3K -0.01% $0.00 29.2M Apr 28, 2023 Class A Common Stock 3K Direct F1
holding CXM Class B Common Stock 8.13M Apr 28, 2023 Class A Common Stock 8.13M See footnote F1, F3
holding CXM Class B Common Stock 13.1M Apr 28, 2023 Class A Common Stock 13.1M See footnote F1, F4
holding CXM Class B Common Stock 2M Apr 28, 2023 Class A Common Stock 2M See footnote F1, F5
holding CXM Class B Common Stock 185K Apr 28, 2023 Class A Common Stock 185K See footnote F1, F6
* 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 to certain timing criteria. If the Reporting Person is terminated for cause, each share of Class B common stock will automatically convert to Class A Common Stock.
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 securities are held by Thomas 2014 Family Trust (the "2014 Trust"). The Reporting Person is a trustee of the 2014 Trust.
F4 The securities are held by Thomas Family 2017 Irrevocable Trust (the "2017 Trust"). The Reporting Person is a trustee of the 2017 Trust.
F5 The securities are held by the Neelu Paul, RT 2019 Grantor Retained Annuity Trust (the "2019 Trust"). The Reporting Person is a trustee of the 2019 Trust.
F6 The securities are held by the Neelu Paul, Trustee of the RT 2021 Grantor Retained Annuity Trust, dated June 8, 2021 (the "2021 Trust"). The Reporting Person is a trustee of the 2021 Trust.