Sprout Social: Justyn Russell Howard sells 40,000 shares
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Form Type
4
Rhea-AI Filing Summary
Sprout Social, Inc. (SPT) Executive Chair Justyn Russell Howard reported indirect transactions on November 11, 2026: conversion of 40,000 Class B shares into 40,000 Class A shares and sale of 40,000 Class A shares at a weighted average $11.31 per share. The transactions were under a Rule 10b5-1 plan adopted September 12, 2025. Sale prices ranged from $11.115 to $11.50 per share. The ownership footnote lists 7,417 Class A and 486,190 Class B shares held by the JRH Revocable Trust.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Howard Justyn Russell
Role
Executive Chair
Sold
40,000 shs ($452K)
Approx. gross sale proceeds
$452K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F4, F2 | 40,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F2 | 40,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock F1, F3, F2 | 40,000 | $11.31 | $452K |
| Holding | Class B Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 1,241,190 shares (Indirect, See footnote);
Class A Common Stock — 7,417 shares (Indirect, See footnote);
Class B Common Stock — 518,874 shares (Direct)
Footnotes (4)
- F1. The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 12, 2025.
- F2. After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 486,190 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
- F3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.115 to $11.50 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- 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
Class B shares converted: 40,000 shares
Class A shares acquired on conversion: 40,000 shares
Class A shares sold: 40,000 shares
+5 more
8 metrics
Class B shares converted
40,000 shares
Converted into Class A shares on November 11, 2026
Class A shares acquired on conversion
40,000 shares
Conversion reported on November 11, 2026
Class A shares sold
40,000 shares
Indirect sale reported on November 11, 2026
Weighted average sale price
$11.31 per share
Class A shares sold on November 11, 2026
Sale price range
$11.115–$11.50 per share
Multiple sale transactions on November 11, 2026
Direct Class B shares listed
518,874 shares
Holding reported on November 11, 2026
JRH Revocable Trust Class A shares
7,417 shares
Trust holding after the reported transactions
JRH Revocable Trust Class B shares
486,190 shares
Trust holding after the reported transactions
Key Terms
Rule 10b5-1 plan, weighted average price, exchangeable by the holder on a one-for-one basis, no economic rights
4 terms
Rule 10b5-1 plan regulatory
"under a 10b5-1 plan adopted by the Reporting Person"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
weighted average price financial
"The reported price in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
exchangeable by the holder on a one-for-one basis technical
"Each share of Class B Common Stock is exchangeable by the holder on a one-for-one basis"
no economic rights financial
"Shares of Class B Common Stock have no economic rights"
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