Sprout Social (SPT) chair sells 40K Class A shares under 10b5-1
Rhea-AI Filing Summary
Sprout Social Executive Chair and 10% owner Justyn Howard, through family trusts, converted 40,000 shares of Class B common stock into 40,000 shares of Class A common stock at $0 per share, then sold 40,000 Class A shares on February 11, 2026 at a weighted average price of $7.367 per share under a Rule 10b5-1 plan adopted on September 12, 2025. The sales occurred in multiple trades between $7.165 and $7.82 per share. After these transactions, the trusts associated with Howard hold 7,417 Class A shares and 1,601,190 Class B shares, and he also directly holds 518,874 Class B shares. Each Class B share carries 10 votes and is exchangeable one-for-one into Class A with no expiration.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 40,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 40,000 | $0.00 | -- |
| Sale | Class A Common Stock | 40,000 | $7.367 | $295K |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 12, 2025. After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 846,190 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.165 to $7.82 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. 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.
FAQ
What insider transactions did Sprout Social (SPT) report for February 11, 2026?
The filing reports family trusts associated with Executive Chair Justyn Howard converting 40,000 Class B shares into 40,000 Class A shares at $0 and then selling all 40,000 Class A shares at a weighted average price of $7.367 per share.