[Form 4] Sprout Social, Inc Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Insider Trade Summary
Net Seller: 40,000 shares ($845,000)
Net Sell
5 txns
Insider
Howard Justyn Russell
Role
Executive Chair
Sold
40,000 shs ($845K)
| 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 | $21.125 | $845K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 1,801,190 shares (Indirect, See footnote);
Class A Common Stock — 47,417 shares (Indirect, See footnote);
Class B Common Stock — 518,874 shares (Direct);
Class A Common Stock — 307,088 shares (Direct)
Footnotes (1)
- After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 1,046,190 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 $20.675 to $21.49 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. The total reported in column 5 includes: (1) 18,462 reported RSUs which vest in 3 equal quarterly installments beginning on September 1, 2025; (2) 49,774 reported RSUs of which vest in 7 equal quarterly installments beginning on September 1, 2025; (3) 81,623 reported RSUs which vest in 11 equal quarterly installments beginning on September 1, 2025; and (4) 109,489 reported RSUs of which 25% will vest on March 1, 2026 with the remaining RSUs vesting in 12 equal quarterly installments beginning on June 1, 2026. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire. 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.
