Sprout Social holder plans sale of 717 shares
Sprout Social, Inc. (SPT) is named as the issuer in a Rule 144 notice covering a proposed sale of 717 Class A shares beneficially owned for the account of Aaron Edward Frederick Rankin.
Rhea-AI Filing Summary
Sprout Social, Inc. (SPT) is named as the issuer in a Rule 144 notice covering a proposed sale of 717 Class A shares beneficially owned for the account of Aaron Edward Frederick Rankin. The shares arose from restricted stock vesting on September 1, 2026, with part of the sale intended to cover related tax obligations.
Positive
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Negative
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Key Figures
Shares proposed for sale: 717 Class A shares
Aggregate market value: $8,210.08
Vesting date of restricted stock: September 1, 2026
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4 metrics
Shares proposed for sale
717 Class A shares
Rule 144 notice for Sprout Social, Inc.
Aggregate market value
$8,210.08
Value associated with 717 Class A shares in the securities information
Vesting date of restricted stock
September 1, 2026
Acquisition date of the shares to be sold as compensation from issuer
Proposed sale date
September 2, 2026
Date listed for sale of 717 Class A shares
Key Terms
Rule 144, restricted stock vesting, equity award distribution, attorney-in-fact
4 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock vesting financial
"Class A | 09/01/2026 | Restricted Stock Vesting | Issuer"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
equity award distribution financial
"resulting from the settlement of a vested equity award distribution."
attorney-in-fact regulatory
"as attorney-in-fact for Aaron Rankin"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
What does the Form 144 filing report for Sprout Social, Inc. (SPT)?
It reports a planned Rule 144 sale of 717 Class A shares of Sprout Social, Inc. for the account of Aaron Edward Frederick Rankin, with the shares originating from restricted stock vesting on September 1, 2026.
Why does the Form 144 mention taxes for the Sprout Social (SPT) sale?
The remarks state the sale includes an amount necessary to cover a tax obligation resulting from the settlement of a vested equity award distribution, indicating that part of the 717-share sale is intended to satisfy tax liabilities from that vesting.
When is the Sprout Social (SPT) Rule 144 sale expected to occur?
The securities information section shows a proposed transaction date of September 2, 2026 for the sale of the 717 Class A shares of Sprout Social, Inc., following the restricted stock vesting on September 1, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.