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

Stock-Based Compensation (Tables)

9 Months Ended

Oct. 31, 2024

A summary of the Company’s stock option activity for the nine months ended October 31, 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	(3,361)	5.59
Forfeited	(864)	11.19
Expired	—	0.58
Outstanding as of October 31, 2024	19,042	$	6.65	5.0

Exercisable as of October 31, 2024	17,523	$	6.20	4.8
Vested and expected to vest as of October 31, 2024	18,974	$	6.64	5.0

A summary of the Company’s RSU activity for the nine months ended October 31, 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	10,682	10.53
Released	(2,678)	12.74
Forfeited	(2,728)	12.20
Outstanding as of October 31, 2024	14,535	$	11.13

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


	Three Months Ended October 31,				Nine Months Ended October 31,
(in thousands)	2024		2023		2024		2023
Costs of subscription	$	335	$	268	$	945	$	858
Costs of professional services	400		331		1,081		1,139
Research and development	2,896		2,128		8,304		9,092
Sales and marketing	5,091		6,132		16,497		18,398
General and administrative	6,508		5,071		17,350		12,618
Stock-based compensation, net of amounts capitalized	15,230		13,930		44,177		42,105
Capitalized stock-based compensation	643		412		1,825		1,956
Total stock-based compensation	$	15,873	$	14,342	$	46,002	$	44,061