Sprout Social director sells 10,895 shares
Sprout Social, Inc. (SPT) director, officer and ten percent owner Howard Justyn Russell reported selling 10,895 shares of Class A Common Stock on September 2, 2026 at $11.451 per share in an open-market or private transaction.
Rhea-AI Filing Summary
Sprout Social, Inc. (SPT) director, officer and ten percent owner Howard Justyn Russell reported selling 10,895 shares of Class A Common Stock on September 2, 2026 at $11.451 per share in an open-market or private transaction. The sale was made pursuant to an irrevocable election under Rule 10b5-1 to cover tax obligations upon settlement of restricted stock units. After the sale, he holds 239,840 Class A shares directly, plus indirect holdings of 7,417 Class A shares and substantial Class B Common Stock positions that are exchangeable one-for-one into Class A, including 518,874 underlying Class A shares held directly and 1,361,190 underlying Class A shares held indirectly through various family trusts.
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Insider Trade Summary 10b5-1
Net Seller: 10,895 shares
Net Sell
4 txns
Insider
Howard Justyn Russell
Role
Executive Chair
Sold
10,895 shs ($125K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 10,895 | $11.451 | $125K |
| holding | Class B Common Stock F4 | -- | -- | -- |
| holding | Class B Common Stock F4, F3 | -- | -- | -- |
| holding | Class A Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 239,840 shares (Direct);
Class B Common Stock — 518,874 contracts (Direct);
Class B Common Stock — 1,361,190 contracts (Indirect, See footnote);
Class A Common Stock — 7,417 shares (Indirect, See footnote)
Footnotes (4)
- F1. 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").
- F2. After giving effect to this transaction the total reported in column 5 includes: (1) 14,222 reported RSUs which vest in 2 equal quarterly installments beginning on December 1, 2026; (2) 44,522 reported RSUs which vest in 6 equal quarterly installments beginning on December 1, 2026; and (3) 68,431 reported RSUs which will vest in 10 equal quarterly installments beginning on December 1, 2026. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.
- F3. This represents (i) 7,417 shares of Class A common stock and 606,190 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.
- F4. 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.
Key Figures
Shares sold: 10,895 shares
Sale price per share: $11.451 per share
Direct Class A holdings after transaction: 239,840 shares
+5 more
8 metrics
Shares sold
10,895 shares
Class A Common Stock sold on September 2, 2026
Sale price per share
$11.451 per share
Price for the 10,895 Class A shares sold on September 2, 2026
Direct Class A holdings after transaction
239,840 shares
Class A Common Stock held directly by Howard Justyn Russell after the sale
Indirect Class A holdings
7,417 shares
Class A Common Stock held indirectly through the JRH Revocable Trust
Direct Class B underlying Class A shares
518,874 shares
Underlying Class A shares from Class B Common Stock held directly
Indirect Class B underlying Class A shares
1,361,190 shares
Underlying Class A shares from Class B Common Stock held indirectly via trusts
RSUs vesting in 2 installments
14,222 RSUs
Vest in 2 equal quarterly installments beginning December 1, 2026
RSUs vesting in 6 and 10 installments
44,522 RSUs and 68,431 RSUs
Vest in 6 and 10 equal quarterly installments beginning December 1, 2026
Key Terms
Rule 10b5-1, restricted stock units ("RSUs"), Class B Common Stock, Revocable Trust, +1 more
5 terms
Rule 10b5-1 regulatory
"made on November 29, 2024, in conformity with the requirements of Rule 10b5-1"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
restricted stock units ("RSUs") financial
"for the purpose of covering tax obligations upon settlement of restricted stock units ("RSUs")"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Class B Common Stock financial
"Shares of Class B Common Stock have no economic rights and each share"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Revocable Trust financial
"shares ... held by the JRH Revocable Trust, of which the Reporting Person"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Gift Trust financial
"shares of Class B common stock held by the JRH Gift Trust"
FAQ
What insider transaction did Sprout Social (SPT) report for Howard Justyn Russell?
Sprout Social reported that Howard Justyn Russell sold 10,895 shares of Class A Common Stock on September 2, 2026 at $11.451 per share. The filing also details his remaining direct and indirect holdings in Class A and Class B shares.
Was the SPT insider sale by Howard Justyn Russell made under a Rule 10b5-1 plan?
Yes. The filing states the 10,895-share sale was made pursuant to an irrevocable election dated November 29, 2024 in conformity with Rule 10b5-1, for the purpose of covering tax obligations upon settlement of restricted stock units.
What RSUs linked to Sprout Social (SPT) does Howard Justyn Russell have after this filing?
After this transaction, the reported total includes 14,222 RSUs vesting in 2 equal quarterly installments, 44,522 RSUs vesting in 6 installments, and 68,431 RSUs vesting in 10 installments, all beginning on December 1, 2026. Each RSU represents one Class A share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
