Sprinklr, Inc. Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation (Tables)

3 Months Ended

Apr. 30, 2025

A summary of the Company’s stock option activity for the three months ended April 30, 2025 is as follows:


	Number of Stock Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life
	(in thousands)			(in years)
Outstanding as of January 31, 2025	18,572	$	6.60	4.7

Exercised	(554)	5.14
Forfeited	(417)	10.76
Expired	—	1.35
Outstanding as of April 30, 2025	17,601	$	6.54	4.4

Exercisable as of April 30, 2025	16,779	$	6.26	4.3
Vested and expected to vest as of April 30, 2025	17,589	$	6.54	4.4

A summary of the Company’s RSU activity for the three months ended April 30, 2025 is as follows:


	Number of Restricted Stock Units	Weighted Average Grant Date Fair Value
	(in thousands)
Outstanding as of January 31, 2025	14,750	$	10.46
Granted	8,023	9.10
Released	(1,902)	11.79
Cancelled/forfeited	(1,087)	11.60
Outstanding as of April 30, 2025	19,784	$	9.72

A summary of the Company’s PSU activity for the three months ended April 30, 2025 is as follows:


	Number of Performance Stock Units	Weighted Average Grant Date Fair Value
	(in thousands)
Outstanding as of January 31, 2025	2,918	$	8.31
Granted	650	13.16

Cancelled/forfeited	(120)	1.69
Outstanding as of April 30, 2025	3,448	$	9.45

Stock-based compensation expense included in operating results was allocated as follows:


	Three Months Ended April 30,
(in thousands)		2025		2024
Costs of subscription		$	265	$	283
Costs of professional services		392		317
Research and development		3,886		2,574
Sales and marketing		6,295		5,604
General and administrative		9,576		5,077
Restructuring		866		—
Stock-based compensation, net of amounts capitalized		21,280		13,855
Capitalized stock-based compensation		917		551
Total stock-based compensation		$	22,197	$	14,406