Sprinklr CEO Rory P. Read sold 145,865 shares for $810,000 on Sept. 16 in an automatic “sell to cover” for taxes on vested stock units, not a discretionary sale. He retained 3,273,325 shares; Sprinklr stock fell 35% in the year through Sept. 25.
The shares represented 4% of Read’s prior direct holdings; his remaining stake was valued at $18.30 million at the Sept. 16 close of $5.59 a share. The SEC Form 4 lists a weighted-average sale price of $5.55.
Sprinklr reported fiscal second-quarter revenue of $213.7 million, up 1% year over year. It forecast fiscal third-quarter sales of $215 million to $216 million, below the $219.1 million reported a year earlier.
