[Form 4] Sprout Social, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sprout Social, Inc. executive chair Howard Justyn Russell reported an open-market sale of 23,855 shares of Class A common stock on March 3, 2026 at an average price of $6.761 per share. The sale was made under a Rule 10b5-1 trading plan to cover tax obligations upon settlement of restricted stock units.
After this transaction, he directly holds 262,376 shares of Class A common stock, including multiple tranches of RSUs that vest in quarterly installments beginning on June 1, 2026. He also has indirect holdings of 7,417 shares of Class A common stock and 1,601,190 shares of Class B common stock through several family trusts, with each Class B share carrying 10 votes and being exchangeable one-for-one into Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 23,855 shares ($161,284)
Net Sell
4 txns
Insider
Howard Justyn Russell
Role
Executive Chair
Sold
23,855 shs ($161K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 23,855 | $6.761 | $161K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 262,376 shares (Direct);
Class B Common Stock — 1,601,190 shares (Indirect, See footnote);
Class B Common Stock — 518,874 shares (Direct);
Class A Common Stock — 7,417 shares (Indirect, See footnote)
Footnotes (1)
- Shares sold pursuant to an irrevocable election made on November 29, 2024, in conformity with the requirements of Rule 10b5-1 for the purpose of covering tax obligations upon settlement of restricted stock units ("RSUs"). After giving effect to this transaction the total reported in column 5 includes: (1) 28,442 reported RSUs of which vest in 4 equal quarterly installments beginning on June 1, 2026; (2) 59,362 reported RSUs which vest in 8 equal quarterly installments beginning on June 1, 2026; and (3) 82,117 reported RSUs of which will vest in 12 equal quarterly installments beginning on June 1, 2026. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire. This represents (i) 7,417 shares of Class A common stock and 846,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee. Shares of Class B Common Stock have no economic rights and each share entitles its holder to 10 votes per share. Each share of Class B Common Stock is exchangeable by the holder on a one-for-one basis for Class A Common Stock at any time and does not expire.
