Diane Adams - 16 Nov 2023 Form 4 Insider Report for Sprinklr, Inc. (CXM)

Role
Chief Culture & Talent Officer
Signature
/s/ Jason Minio, Attorney-in-Fact
Issuer symbol
CXM
Transactions as of
16 Nov 2023
Net transactions value
-$387,713
Form type
4
Filing time
20 Nov 2023, 16:54:46 UTC
Previous filing
16 Nov 2023
Next filing
21 Nov 2023
SEC
View on sec.gov

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 +1,300 +0.48% 274,846 16 Nov 2023 Direct F1
transaction CXM Class A Common Stock Sale $19,500 -1,300 -0.47% $15.00 273,546 16 Nov 2023 Direct F2
transaction CXM Class A Common Stock Conversion of derivative security +37,128 +14% 310,674 17 Nov 2023 Direct F1
transaction CXM Class A Common Stock Sale $557,663 -37,128 -12% $15.02 273,546 17 Nov 2023 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 -1,300 -1.1% $0.000000 120,031 16 Nov 2023 Class B Common Stock 1,300 $4.93 Direct F2, F4
transaction CXM Class B Common Stock Options Exercise $6,409 +1,300 +1% $4.93 130,300 16 Nov 2023 Class A Common Stock 1,300 Direct F1, F2
transaction CXM Class B Common Stock Conversion of derivative security $0 -1,300 -1% $0.000000 129,000 16 Nov 2023 Class A Common Stock 1,300 Direct F1
transaction CXM Employee Stock Option (right to buy) Options Exercise $0 -37,128 -31% $0.000000 82,903 17 Nov 2023 Class B Common Stock 37,128 $4.93 Direct F2, F4
transaction CXM Class B Common Stock Options Exercise $183,041 +37,128 +29% $4.93 166,128 17 Nov 2023 Class A Common Stock 37,128 Direct F1, F2
transaction CXM Class B Common Stock Conversion of derivative security $0 -37,128 -22% $0.000000 129,000 17 Nov 2023 Class A Common Stock 37,128 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 14, 2023.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.05 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 March 11, 2021, 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.