Sprinklr, Inc. Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

6 Months Ended

Jul. 31, 2023

A summary of the Company’s stock option activity for the six months ended July 31, 2023 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, 2023	33,049	$	6.11	6.6
Granted	1,512	12.85
Exercised	(3,860)	5.53
Cancelled/forfeited(1)	(3,065)	5.37
Expired	(7)	1.87
Outstanding as of July 31, 2023	27,629	$	6.64	6.3
Exercisable as of July 31, 2023	21,806	$	5.67	5.8
Vested and expected to vest as of July 31, 2023	26,655	$	6.53	6.3

A summary of the Company’s RSU activity for the six months ended July 31, 2023 is as follows:


	Number of restricted shares	Weighted Average Grant Date Fair Value
	(in thousands)
Outstanding as of January 31, 2023	9,400	$	12.23
Granted	5,463	12.95
Released	(2,189)	12.74
Cancelled/forfeited	(933)	12.12
Outstanding as of July 31, 2023	11,741	$	12.48

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


	Three Months Ended July 31,				Six Months Ended July 31,
(in thousands)	2023		2022		2023		2022
Costs of subscription	$	290	$	389	$	590	$	798
Costs of professional services	405		779		808		1,402
Research and development	3,897		3,148		6,964		5,496
Sales and marketing	6,311		7,809		12,266		13,665
General and administrative	3,962		4,072		7,547		7,350
Stock-based compensation, net of amounts capitalized	14,865		16,197		28,175		28,711
Capitalized stock-based compensation	874		677		1,544		875
Total stock-based compensation	$	15,739	$	16,874	$	29,719	$	29,586