Sprout Social, Inc. received a Schedule 13G filing showing that investment fund Topline Capital Partners, LP, together with its manager Topline Capital Management, LLC and Collin McBirney, has a beneficial ownership position in Sprout Social’s Class A common stock.
As of February 13, 2026, the Fund beneficially owns 2,889,410 shares of Sprout Social’s Class A common stock, representing 5.4% of the class. Topline Capital Management, LLC and Topline Capital Partners, LP report sole voting and dispositive power over these shares, while Collin McBirney reports shared voting and dispositive power over the same amount. The filing certifies that the securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Sprout Social.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Sprout Social, Inc.
(Name of Issuer)
Class A Common Stock - $0.0001 par value
(Title of Class of Securities)
85209W109
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
85209W109
1
Names of Reporting Persons
Topline Capital Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CALIFORNIA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,889,410.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,889,410.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,889,410.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.4 %
12
Type of Reporting Person (See Instructions)
IA
Comment for Type of Reporting Person: The securities reported on this Schedule as beneficially owned by TCM (the "Securities") are held by and for the benefit of the Fund. Under the definition of "beneficial ownership" in Rule 13d-3 under the Act, it is also possible that the individual general partners, executive officers, and members of the foregoing entity might be deemed the "beneficial owners" of some or all of the Securities insofar as they may be deemed to share the power to direct the voting or disposition of such Securities. TCM, as the investment manager and general partner of the Fund, and Collin McBirney, as the member-manager of TCM, may, therefore, be deemed to beneficially own the Securities held by the Fund for the purposes of Rule 13d-3 under the Act insofar as they may be deemed to have the power to direct the voting or disposition of those Securities.
Neither the filing of this Schedule nor any of its contents shall be deemed to constitute an admission that any of TCM or Mr. McBirney is, for any other purpose, the beneficial owner of any of the Securities held by the Fund, and each of TCM and Mr. McBirney expressly disclaims beneficial ownership as to the Securities held by the Fund, except to the extent of its or his pecuniary interests therein.
SCHEDULE 13G
CUSIP No.
85209W109
1
Names of Reporting Persons
Topline Capital Partners, LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,889,410.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,889,410.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,889,410.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.4 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: The securities reported on this Schedule as beneficially owned by TCM (the "Securities") are held by and for the benefit of the Fund. Under the definition of "beneficial ownership" in Rule 13d-3 under the Act, it is also possible that the individual general partners, executive officers, and members of the foregoing entity might be deemed the "beneficial owners" of some or all of the Securities insofar as they may be deemed to share the power to direct the voting or disposition of such Securities. TCM, as the investment manager and general partner of the Fund, and Collin McBirney, as the member-manager of TCM, may, therefore, be deemed to beneficially own the Securities held by the Fund for the purposes of Rule 13d-3 under the Act insofar as they may be deemed to have the power to direct the voting or disposition of those Securities.
Neither the filing of this Schedule nor any of its contents shall be deemed to constitute an admission that any of TCM or Mr. McBirney is, for any other purpose, the beneficial owner of any of the Securities held by the Fund, and each of TCM and Mr. McBirney expressly disclaims beneficial ownership as to the Securities held by the Fund, except to the extent of its or his pecuniary interests therein.
SCHEDULE 13G
CUSIP No.
85209W109
1
Names of Reporting Persons
Collin McBirney
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,889,410.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,889,410.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,889,410.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.4 %
12
Type of Reporting Person (See Instructions)
HC, IN
Comment for Type of Reporting Person: The securities reported on this Schedule as beneficially owned by TCM (the "Securities") are held by and for the benefit of the Fund. Under the definition of "beneficial ownership" in Rule 13d-3 under the Act, it is also possible that the individual general partners, executive officers, and members of the foregoing entity might be deemed the "beneficial owners" of some or all of the Securities insofar as they may be deemed to share the power to direct the voting or disposition of such Securities. TCM, as the investment manager and general partner of the Fund, and Collin McBirney, as the member-manager of TCM, may, therefore, be deemed to beneficially own the Securities held by the Fund for the purposes of Rule 13d-3 under the Act insofar as they may be deemed to have the power to direct the voting or disposition of those Securities.
Neither the filing of this Schedule nor any of its contents shall be deemed to constitute an admission that any of TCM or Mr. McBirney is, for any other purpose, the beneficial owner of any of the Securities held by the Fund, and each of TCM and Mr. McBirney expressly disclaims beneficial ownership as to the Securities held by the Fund, except to the extent of its or his pecuniary interests therein.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Sprout Social, Inc.
(b)
Address of issuer's principal executive offices:
131 SOUTH DEARBORN STREET, SUITE 700, CHICAGO, ILLINOIS
60603
Item 2.
(a)
Name of person filing:
Topline Capital Management, LLC ("TCM")
Topline Capital Partners, LP ("TCP" or the "Fund")
Collin McBirney
(b)
Address or principal business office or, if none, residence:
544 EUCLID STREET
SANTA MONICA, California
90402
(c)
Citizenship:
Topline Capital Management, LLC - CALIFORNIA
Topline Capital Partners, LP - DELAWARE
Collin McBirney - UNITED STATES
(d)
Title of class of securities:
Class A Common Stock - $0.0001 par value
(e)
CUSIP No.:
85209W109
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Reference is hereby made to Rows 5-9 and 11 of pages 2, 3 and 4 of this Schedule, which are incorporated by reference herein. As of February 13, 2026 the Fund beneficially owns 2,889,410 shares of the issuer's common stock.
(b)
Percent of class:
5.4 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Topline Capital Management, LLC - 2,889,410
Topline Capital Partners, LP - 2,889,410
Collin McBirney - 0
(ii) Shared power to vote or to direct the vote:
Topline Capital Management, LLC - 0
Topline Capital Partners, LP - 0
Collin McBirney - 2,889,410
(iii) Sole power to dispose or to direct the disposition of:
Topline Capital Management, LLC - 2,889,410
Topline Capital Partners, LP - 2,889,410
Collin McBirney - 0
(iv) Shared power to dispose or to direct the disposition of:
Topline Capital Management, LLC - 0
Topline Capital Partners, LP - 0
Collin McBirney - 2,889,410
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Topline Capital Management, LLC
Signature:
/s/ Collin McBirney
Name/Title:
By: Collin McBirney, Managing Member
Date:
02/13/2026
Topline Capital Partners, LP
Signature:
/s/ Collin McBirney
Name/Title:
By: Topline Capital Management, LLC, the General Partner By: Collin McBirney, its Managing Member
What stake in Sprout Social (SPT) does Topline Capital report on this Schedule 13G?
Topline Capital’s fund reports beneficial ownership of 2,889,410 shares of Sprout Social Class A common stock. This position represents 5.4% of the outstanding class as of February 13, 2026, crossing the 5% threshold that requires a Schedule 13G filing.
Who are the reporting persons in the Sprout Social (SPT) Schedule 13G filing?
The filing lists three reporting persons: Topline Capital Management, LLC, Topline Capital Partners, LP (the Fund), and Collin McBirney. Each is reported as having beneficial ownership under SEC Rule 13d-3, tied to 2,889,410 shares of Sprout Social Class A common stock.
How much of Sprout Social’s Class A stock does each Topline reporting person control?
Topline Capital Management, LLC and Topline Capital Partners, LP each report sole voting and dispositive power over 2,889,410 shares. Collin McBirney reports shared voting and shared dispositive power over the same 2,889,410 shares, reflecting his role related to the Fund’s holdings.
Is Topline Capital’s Sprout Social (SPT) stake intended to influence control of the company?
The certification states the securities were acquired and are held in the ordinary course of business. It further states they were not acquired and are not held for the purpose of changing or influencing control of Sprout Social, consistent with a passive Schedule 13G filing.
When did Topline Capital’s beneficial ownership in Sprout Social (SPT) trigger this Schedule 13G?
The filing lists December 31, 2025 as the date of the event requiring the statement, with ownership details also referenced as of February 13, 2026. At that time, the Fund beneficially owned 2,889,410 shares, representing 5.4% of the Class A common stock.
Where is Sprout Social (SPT) headquartered according to this Schedule 13G?
Sprout Social’s principal executive offices are listed as 131 South Dearborn Street, Suite 700, Chicago, Illinois 60603. This address is provided in the issuer identification section, along with the company name and the CUSIP number 85209W109 for its Class A common stock.
