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

Stock-Based Compensation (Tables)

3 Months Ended

Apr. 30, 2024

A summary of the Company’s stock option activity for the three months ended April 30, 2024 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, 2024	23,267	$	6.66	5.9

Exercised	(1,772)	5.46
Forfeited	(274)	10.61

Outstanding as of April 30, 2024	21,221	$	6.71	5.7

Exercisable as of April 30, 2024	18,635	$	6.08	5.5
Vested and expected to vest as of April 30, 2024	20,994	$	6.68	5.7

A summary of the Company’s RSU activity for the three months ended April 30, 2024 is as follows:


	Number of Restricted Stock Units	Weighted Average Grant Date Fair Value
	(in thousands)
Outstanding as of January 31, 2024	9,259	$	12.61
Granted	4,872	12.34
Released	(1,417)	12.66
Forfeited	(1,236)	11.99
Outstanding as of April 30, 2024	11,478	$	12.55

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


	Three Months Ended April 30,
(in thousands)		2024		2023
Costs of subscription		$	283	$	300
Costs of professional services		317		403
Research and development		2,574		3,067
Sales and marketing		5,604		5,955
General and administrative		5,077		3,585
Stock-based compensation, net of amounts capitalized		13,855		13,310
Capitalized stock-based compensation		551		670
Total stock-based compensation		$	14,406	$	13,980