Sprout Social (SPT) director Peter Barris receives 26,470 RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BARRIS PETER J reported acquisition or exercise transactions in this Form 4 filing.
Sprout Social, Inc. director Peter J. Barris reported receiving an award of 26,470 restricted stock units (RSUs) of Class A Common Stock. The RSUs vest on the earlier of the day immediately preceding the first stockholder meeting after the grant date or the first anniversary of the grant date, with each RSU delivering one share upon vesting.
After this award, Barris directly holds 57,253 shares of Class A Common Stock. The filing also lists 49,623 shares held indirectly through PJ Barris, LLC and PDB II LLC, where Barris is associated but disclaims beneficial ownership except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
BARRIS PETER J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 26,470 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 57,253 shares (Direct, null);
Class A Common Stock — 49,623 shares (Indirect, See footnote)
Footnotes (1)
- The total reported in column 5 includes: 26,470 newly granted restricted stock units ("RSUs"), which will vest on the earlier of (i) the day immediately preceding the date of the first annual meeting of the Issuer's stockholders following the date of the grant and (ii) the first anniversary of the date of grant. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire. The Reporting Person is a member of PJ Barris, LLC, which is the direct beneficial owner of the shares. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of the shares held by PJ Barris, LLC, except to the extent of his pecuniary interest therein. The Reporting Person is the investment advisor of PDB II LLC, which is the direct beneficial owner of the shares. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of the shares held by PDB II LLC, except to the extent of his pecuniary interest therein.
Key Figures
RSU grant size: 26,470 RSUs
RSU grant price: $0.00 per unit
Direct holdings after award: 57,253 shares
+2 more
5 metrics
RSU grant size
26,470 RSUs
Newly granted restricted stock units reported in Form 4
RSU grant price
$0.00 per unit
Reported transaction price per RSU
Direct holdings after award
57,253 shares
Class A Common Stock held directly after RSU grant
Indirect holdings
49,623 shares
Class A Common Stock held indirectly via LLCs
Security type
Class A Common Stock
Underlying shares deliverable per RSU
Key Terms
restricted stock units ("RSUs"), beneficial ownership, pecuniary interest, Section 16 of the Securities Exchange Act of 1934, +1 more
5 terms
restricted stock units ("RSUs") financial
"26,470 newly granted restricted stock units ("RSUs"), which will vest on the earlier..."
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.
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership within the meaning of Section 16..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein."
Section 16 of the Securities Exchange Act of 1934 regulatory
"beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934..."
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
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.
FAQ
What did Peter J. Barris report in this Sprout Social (SPT) Form 4?
Peter J. Barris reported an award of 26,470 restricted stock units (RSUs) of Sprout Social Class A Common Stock. These RSUs are a stock-based grant that can convert into shares upon vesting, increasing his potential equity exposure.
When do Peter J. Barris’s new Sprout Social RSUs vest?
The 26,470 newly granted RSUs vest on the earlier of two dates: just before the first annual stockholder meeting after the grant date, or the first anniversary of the grant date. Vesting timing affects when the RSUs convert into Class A Common shares.
What indirect Sprout Social holdings linked to Peter J. Barris are disclosed?
The filing lists 49,623 Sprout Social Class A shares as indirectly held, tied to PJ Barris, LLC and PDB II LLC. Barris is associated with these entities but disclaims beneficial ownership except to the extent of his pecuniary interest, as described in the footnotes.