[144] Sprout Social, Inc SEC Filing

Rhea-AI Filing Summary

Form 144 filing for Sprout Social, Inc. (SPT) shows a proposed sale of 10,566 Class A shares by the identified seller through Fidelity Brokerage Services LLC on NASDAQ with an aggregate market value of $160,213.31 and an approximate sale date of 09/03/2025. The filing states these shares were acquired on 09/02/2025 via restricted stock vesting from the issuer and were received as compensation. The filer also disclosed a prior sale of 10,575 Class A shares on 06/03/2025 for gross proceeds of $227,959.99. The notice includes the required representation that the seller is not aware of undisclosed material adverse information.

Positive

• Transparent disclosure of the proposed sale including share count, market value, broker, exchange, and acquisition details
• Acquisition source stated as restricted stock vesting with payment characterized as compensation, clarifying insider's basis
• Previous sale disclosed (10,575 shares on 06/03/2025 for $227,959.99), aiding continuity in insider trading records

Negative

• No material adverse information claimed by the seller, but the filing does not provide any additional context about company operations
• Transaction size and timing may be interpreted by some market participants, but the filing contains no explanatory commentary

Insights

Securities Analyst

TL;DR: Insider plans to sell a modest block of vested shares; value and recent prior sale suggest routine post-vesting liquidation rather than a large directional stake change.

The filing documents a proposed sale of 10,566 Class A shares valued at $160,213.31, acquired by restricted stock vesting on 09/02/2025 and slated for sale on 09/03/2025 via Fidelity on NASDAQ. A prior sale by the same person of 10,575 shares on 06/03/2025 generated $227,959.99. From a securities-activity perspective, these transactions are plainly disclosed and consistent with sales following vesting and compensation; the absolute sizes are small relative to typical market caps for public software firms, and no additional undisclosed material information is asserted in the notice.

Corporate Governance Expert

TL;DR: Filing meets Rule 144 disclosure requirements for insider sales of vested compensation; no governance red flags are explicitly noted.

The notice specifies the nature of acquisition as Restricted Stock Vesting and lists compensation as the payment nature, satisfying disclosure norms for Rule 144 notices. The document includes the seller's representation about lacking undisclosed material adverse information. The presence of a recent prior sale (10,575 shares on 06/03/2025) is disclosed, enabling investors to track insider activity. The filing contains no statements of policy breaches, unusual trading plans, or other governance concerns within the provided content.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	10566	160213.31	52645842	09/03/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A	09/02/2025	Restricted Stock Vesting	Issuer			10566	09/02/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Justyn Howard 131 South Dearborn St. Suite 700 Chicago IL 60603	Class A	06/03/2025	10575	227959.99

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Sprout Social (SPT) Form 144 disclose about the planned sale?

The Form 144 discloses a planned sale of 10,566 Class A shares via Fidelity on NASDAQ with an aggregate market value of $160,213.31, approximately on 09/03/2025.

How were the shares that will be sold by the SPT filer acquired?

The filing states the shares were acquired on 09/02/2025 through restricted stock vesting from the issuer and the payment nature is listed as compensation.

Has the filer sold Sprout Social shares recently?

Yes. The filing discloses a prior sale of 10,575 Class A shares on 06/03/2025 that produced gross proceeds of $227,959.99.

Which broker and exchange are named in the Form 144 for SPT?

The broker is Fidelity Brokerage Services LLC (address shown) and the named exchange for the proposed sale is NASDAQ.

Does the Form 144 indicate any undisclosed material information about Sprout Social?

No. The signer represents that they do not know any material adverse information about the issuer that has not been publicly disclosed.