Sprout Social CTO sells 717 shares for taxes
Sprout Social’s CTO and director reported a small Rule 10b5-1 tax-related sale of 717 Class A shares while retaining over 234,000 shares and sizeable unvested RSUs.
Rhea-AI Filing Summary
Sprout Social, Inc. (SPT) reports that Chief Technology Officer and director Aaron Edward Frederick Rankin, a more-than-10% owner, sold 717 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 under an irrevocable election dated July 29, 2026 in conformity with Rule 10b5-1 to cover tax obligations upon settlement of restricted stock units. Following the sale, he holds 234,444 shares directly, plus RSU awards totaling 2,032, 2,544, and 120,192 units with vesting beginning on December 1, 2026 and September 1, 2027 as specified.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 717 | $11.451 | $8K |
Footnotes (2)
- F1. Shares sold pursuant to an irrevocable election made on July 29, 2026, 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 the transaction reported herein, the total reported in column 5 includes: (1) 2,032 reported RSUs which vest in 2 equal quarterly installments beginning on December 1, 2026; (2) 2,544 reported RSUs which vest in 6 equal quarterly installments beginning on December 1, 2026; and (3) 120,192 RSUs of which 50% will vest on September 1, 2027 with the remaining RSUs vesting in 4 equal quarterly installments beginning on December 1, 2027. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.
Key Figures
Key Terms
Rule 10b5-1 regulatory
restricted stock units financial
contingent right financial
FAQ
What insider transaction did Sprout Social (SPT) report for Aaron Edward Frederick Rankin?
Was the SPT insider sale by the CTO made under a Rule 10b5-1 plan?
What RSU awards for SPT does Aaron Edward Frederick Rankin have outstanding?
What is the nature of the RSUs reported for Sprout Social’s CTO?
What was the sale price for the Sprout Social (SPT) insider transaction?
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