Sprout Social (NASDAQ: SPT) CFO sells 20,639 shares in planned trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sprout Social, Inc. CFO and Treasurer Joseph Del Preto reported open-market sales of 20,639 shares of Class A Common Stock. The trades occurred on March 3, 2026 and March 4, 2026 at prices of $6.761 and $6.80 per share.
Footnotes state the sales were made under Rule 10b5-1 arrangements, including an irrevocable election for the purpose of covering tax obligations upon settlement of restricted stock units. After these transactions, Del Preto reported ownership of 210,179 shares, including RSUs that vest in quarterly installments beginning on June 1, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 20,639 shares ($139,716)
Net Sell
2 txns
Insider
Del Preto Joseph
Role
CFO and Treasurer
Sold
20,639 shs ($140K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 4,500 | $6.80 | $31K |
| Sale | Class A Common Stock | 16,139 | $6.761 | $109K |
Holdings After Transaction:
Class A Common Stock — 210,179 shares (Direct)
Footnotes (1)
- Shares sold pursuant to an irrevocable election made on November 21, 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 the transactions reported herein, the total reported in column 5 includes: (1) 10,158 reported RSUs which vest in 4 equal quarterly installments beginning on June 1, 2026; (2) 27,562 reported RSUs which vest in 8 equal quarterly installments beginning on June 1, 2026; and (3) 88,960 reported RSUs 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 transaction occurred under a 10b5-1 plan adopted by the Reporting Person on May 27, 2025.
FAQ
What insider activity did Sprout Social (SPT) report for Joseph Del Preto?
Sprout Social reported that CFO and Treasurer Joseph Del Preto sold 20,639 shares of Class A Common Stock in open-market transactions. These sales were executed under Rule 10b5-1 arrangements and are disclosed in a Form 4 insider trading report.
What is the vesting schedule of Sprout Social (SPT) RSUs held by the CFO?
The filing notes 10,158 RSUs vesting in four equal quarterly installments, 27,562 RSUs in eight quarterly installments, and 88,960 RSUs in twelve quarterly installments, all beginning on June 1, 2026. Each RSU represents one Class A share upon vesting.