Sprout Social (SPT) director receives 26,470 RSU equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sprout Social, Inc. director Stanley William Thomas reported an acquisition of equity through a compensation grant. He received 26,470 restricted stock units (RSUs) of Class A Common Stock at no cash cost, increasing his directly held position to 50,117 shares/RSUs after the grant.
The footnote explains that these 26,470 newly granted RSUs will vest on the earlier of the day immediately preceding the first annual meeting of stockholders following the grant date or the first anniversary of the grant date. Each RSU converts into one share of Class A Common Stock when it vests and does not expire.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stanley William Thomas
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 26,470 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 50,117 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 26,470 RSUs
Holdings after grant: 50,117 shares/RSUs
Grant price: $0.0000 per share
3 metrics
RSUs granted
26,470 RSUs
Restricted stock units of Class A Common Stock granted to director
Holdings after grant
50,117 shares/RSUs
Total Class A Common Stock/RSUs directly held after transaction
Grant price
$0.0000 per share
Recorded transaction price per share for the RSU grant
Key Terms
restricted stock units ("RSUs"), Class A Common Stock, vest
3 terms
restricted stock units ("RSUs") financial
"includes: 26,470 newly granted restricted stock units ("RSUs"), which will vest"
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 A Common Stock financial
"each RSU represents the contingent right to receive one share of Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vest financial
"RSUs, which will vest on the earlier of (i) the day immediately preceding"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did Sprout Social (SPT) disclose in this Form 4?
Sprout Social director Stanley William Thomas reported receiving 26,470 restricted stock units of Class A Common Stock as a grant. The award was recorded at a price of $0.0000 per share, reflecting equity compensation rather than an open-market purchase or sale.
What are the vesting terms for the 26,470 Sprout Social (SPT) RSUs?
The 26,470 restricted stock units vest on the earlier of two dates: the day immediately preceding the first annual meeting of Sprout Social stockholders after the grant date, or the first anniversary of the grant date, as described in the Form 4 footnote.
Does the Sprout Social (SPT) director pay cash for the 26,470 RSU grant?
No, the RSU grant is recorded at $0.0000 per share, indicating it is an equity compensation award rather than a cash purchase. The director receives the contingent right to shares, which convert into Class A Common Stock upon vesting.
What does each Sprout Social (SPT) RSU represent in this Form 4 filing?
Each restricted stock unit represents a contingent right to receive one share of Sprout Social Class A Common Stock. According to the footnote, these RSUs do not expire and will convert into shares when the specific vesting conditions are satisfied.