The Company has two equity incentive plans, the Sprinklr, Inc. 2021 Equity Incentive Plan (the “2021 Plan”) and the Sprinklr, Inc. 2011 Equity Incentive Plan (the “2011 Plan”). The 2011 Plan was terminated as to future awards in June 2021 upon the adoption of the 2021 Plan, although it continues to govern the terms of any equity grants that remain outstanding under the 2011 Plan.

The 2021 Plan provides for the grant of incentive stock options, non-statutory stock options, stock appreciation rights, restricted stock awards, restricted stock units (“RSUs”), performance-based stock units (“PSUs”), and other forms of awards to employees, directors and consultants, including employees and consultants of the Company’s affiliates, as permitted by law.

In June 2021, the Company also adopted its ESPP, under which employees can purchase common stock through payroll deductions at a price equal to 85% of the lower of the fair market value of the Class A common stock on (i) the first trading day of each offering period and (ii) the last trading day of each related offering period.


	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	(5,505)	5.86
Cancelled/forfeited(1)	(3,602)	5.81
Expired	(5)	0.25
Outstanding as of October 31, 2023	25,449	$	6.61	5.9
Exercisable as of October 31, 2023	20,864	$	5.69	5.4
Vested and expected to vest as of October 31, 2023	24,844	$	6.52	5.8

(1) 2,318,632 options tied to market conditions were cancelled during the second quarter as the applicable market conditions were not met by May 1, 2023.


	Number of restricted shares	Weighted Average Grant Date Fair Value
	(in thousands)
Outstanding as of January 31, 2023	9,400	$	12.23
Granted	6,056	13.02
Released	(2,800)	12.63
Cancelled/forfeited	(2,152)	12.44
Outstanding as of October 31, 2023	10,504	$	12.54

As of October 31, 2023, the Company had 780,000 PSUs outstanding. These awards vest over a five-year period if certain performance and market conditions are met. The performance condition was met in June 2021 and the market conditions have not yet been met as of October 31, 2023. If the market conditions are not met on or prior to January 28, 2026, the associated awards will not vest and will be subsequently cancelled.


	Three Months Ended October 31,				Nine Months Ended October 31,
(in thousands)	2023		2022		2023		2022
Costs of subscription	$	268	$	282	$	858	$	1,079
Costs of professional services	331		368		1,139		1,770
Research and development	2,128		2,204		9,092		7,700
Sales and marketing	6,132		5,071		18,398		18,736
General and administrative	5,071		3,284		12,618		10,635
Stock-based compensation, net of amounts capitalized	13,930		11,209		42,105		39,920
Capitalized stock-based compensation	412		1,023		1,956		1,898
Total stock-based compensation	$	14,342	$	12,232	$	44,061	$	41,818