SPT.NASDAQSprout Social, INC
Form 4: Sprout Social CEO Justyn Howard Sells Shares
Sentiment:
SEC Form 4 Filing
Justyn Russell Howard, Chairman and CEO of Sprout Social, Inc., sold 8,595 shares of Class A Common Stock on September 3, 2024.
Summary
- Justyn Russell Howard, the Chairman and CEO of Sprout Social, Inc., reported a transaction involving the company's Class A Common Stock.
- On September 3, 2024, Howard sold 8,595 shares at a price of $29.27 per share.
- Following the transaction, Howard directly owns 302,217 shares of Class A Common Stock.
- He also indirectly owns 7,417 shares through the JRH Revocable Trust, where he serves as the sole trustee.
- The directly owned shares include restricted stock units (RSUs) that vest in various installments starting December 1, 2024, and March 1, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a stock sale by the CEO. It's a neutral event, neither particularly positive nor negative on its own.
Stakeholder Impact
- The stock sale could have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of stock sale transaction |
| 09/05/2024 | Date of Form 4 filing |
| 12/01/2024 | Start date for vesting of some restricted stock units (RSUs) |
| 03/01/2025 | Date for 25% vesting of some restricted stock units (RSUs) |
| 06/01/2025 | Start date for vesting of remaining restricted stock units (RSUs) |
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