[SCHEDULE 13G] Sprout Social, Inc SEC Filing
Rhea-AI Filing Summary
Baillie Gifford & Co reports beneficial ownership of 526,655 ordinary shares of Sprout Social, representing 1.02% of the class. The filing shows the firm has sole voting and sole dispositive power over these shares and classifies the holder as an investment adviser. The statement also explicitly notes the position is held in the ordinary course of business and not for the purpose of changing or influencing control.
This disclosure meets the Schedule 13G threshold for ownership under 5% and indicates a passive, advisory-level stake rather than an activist or controlling position.
Positive
- None.
Negative
- None.
Insights
TL;DR: Baillie Gifford holds 526,655 SPT shares (1.02%), with sole voting and dispositive power; filing indicates a passive sub-5% stake.
The filing reports a 1.02% ownership stake, below the 5% reporting threshold for more significant influence claims. The reporter states sole voting and dispositive power for all 526,655 shares and uses the Schedule 13G disclosure framework typical for passive investment advisers. For investors, this is a routine disclosure of a modest, non-control position and is unlikely to move governance or strategy outcomes.
TL;DR: Ownership is passive and under 5%, so limited governance impact; the filer certifies no intent to influence control.
Item-level disclosures show the reporting person is an Investment Adviser with citizenship in Scotland/United Kingdom and that the securities are held in the ordinary course of business. The certification in the filing explicitly states the shares were not acquired to change or influence control. Given the sub-5% holding and the passive Schedule 13G format, this position should be viewed as informational rather than a signal of governance engagement.