Vivek Kundra - 25 Jun 2021 Form 4 Insider Report for Sprinklr, Inc. (CXM)

Signature
/s/ Jason Minio, Attorney-in-Fact
Issuer symbol
CXM
Transactions as of
25 Jun 2021
Net transactions value
$0
Form type
4
Filing time
29 Jun 2021, 21:16:23 UTC
Previous filing
22 Jun 2021
Next filing
07 Apr 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXM Common Stock Other $0 -617,173 -100% $0.000000* 0 25 Jun 2021 Direct F1

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 Other $0 +617,173 $0.000000 617,173 25 Jun 2021 Class A Common Stock 617,173 Direct F1, F2
transaction CXM Employee Stock Option (right to buy) Other $0 -337,500 -100% $0.000000* 0 25 Jun 2021 Common Stock 337,500 $3.99 Direct F1, F3
transaction CXM Employee Stock Option (right to buy) Other $0 +337,500 $0.000000 337,500 25 Jun 2021 Class B Common Stock 337,500 $3.99 Direct F1, F3
transaction CXM Employee Stock Option (right to buy) Other $0 -206,250 -100% $0.000000* 0 25 Jun 2021 Common Stock 206,250 $4.25 Direct F1, F4
transaction CXM Employee Stock Option (right to buy) Other $0 +206,250 $0.000000 206,250 25 Jun 2021 Class B Common Stock 206,250 $4.25 Direct F1, F4
transaction CXM Employee Stock Option (right to buy) Other $0 -425,000 -100% $0.000000* 0 25 Jun 2021 Common Stock 425,000 $4.93 Direct F1, F5
transaction CXM Employee Stock Option (right to buy) Other $0 +425,000 $0.000000 425,000 25 Jun 2021 Class B Common Stock 425,000 $4.93 Direct F1, F5
transaction CXM Employee Stock Option (right to buy) Other $0 -500,000 -100% $0.000000* 0 25 Jun 2021 Common Stock 500,000 $7.68 Direct F1, F6
transaction CXM Employee Stock Option (right to buy) Other $0 +500,000 $0.000000 500,000 25 Jun 2021 Class B Common Stock 500,000 $7.68 Direct F1, F6
transaction CXM Employee Stock Option (right to buy) Other $0 -100,000 -100% $0.000000* 0 25 Jun 2021 Common Stock 100,000 $4.93 See footnote F1, F7, F8
transaction CXM Employee Stock Option (right to buy) Other $0 +100,000 $0.000000 100,000 25 Jun 2021 Class B Common Stock 100,000 $4.93 See footnote F1, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Immediately prior to the closing of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.
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 to certain timing criteria.
F3 One fourth (1/4th) of the shares subject to the option award vested on May 8, 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.
F4 One fourth (1/4th) of the shares subject to the option award vested on May 1, 2020, 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.
F5 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.
F6 One fifth (1/5th) of the shares subject to the option award shall vest on January 28, 2022, and one sixtieth (1/60th) of the shares subject to the option award shall vest on the first day of each month thereafter, subject to the Reporting Person's continuous service.
F7 The option is fully vested and exercisable.
F8 The securities are held by Vivek Kundra Irrevocable Trust (2021) (the "Trust"). The Reporting Person's spouse is the trustee of the Trust.