Form 4: Sprout Social Director Sells Shares Under Pre-Arranged 10b5-1 Plan

Sprout Social Director Karen Walker sold 5,000 shares of Class A Common Stock for a weighted average price of $19.045 per share, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Karen Walker, a Director at Sprout Social, Inc. (SPT), executed a sale of Class A Common Stock.
• The transaction involved the disposition of 5,000 shares on July 14, 2025.
• The shares were sold at a weighted average price of $19.045 per share, with individual transaction prices ranging from $18.83 to $19.33.
• Following the sale, Karen Walker directly beneficially owns 28,963 shares of Class A Common Stock, which includes 8,298 restricted stock units (RSUs).
• The RSUs are set to vest on the earlier of the day immediately preceding the first annual meeting of the Issuer's stockholders following the grant date or the first anniversary of the grant date.
• Additionally, Karen Walker indirectly beneficially owns 3,000 shares of Class A Common Stock.
• These indirectly held shares are distributed equally among three trusts (Michael Alexander Walker 2021 Trust, Alexander Brooke Walker 2021 Trust, and Cameron Richard Walker 2021 Trust), for which Ms. Walker and her spouse serve as trustees.
• The sale was conducted pursuant to a Rule 10b5-1 trading plan that Karen Walker adopted on September 13, 2024.

Sentiment

Score: 5

Explanation: The transaction is a pre-planned sale by a director under a Rule 10b5-1 plan, which is a routine disclosure and does not inherently indicate positive or negative sentiment about the company's future performance.

Positives

• The transaction was executed under a pre-arranged Rule 10b5-1 plan, indicating a non-discretionary sale and potentially reducing concerns about insider trading based on material non-public information.

Negatives

• A director sold 5,000 shares of Class A Common Stock.

Risks

• No specific risks are detailed in this Form 4 filing.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• No direct quotes or paraphrased statements from company management are included in this Form 4 filing.

Industry Context

This Form 4 filing details an individual insider transaction and does not provide information related to broader industry trends or competitive landscape.

Comparison to Industry Standards

• This Form 4 filing reports a routine insider transaction and does not contain information suitable for comparison to global benchmarks, specific comparable companies, projects, or results.

Stakeholder Impact

• Shareholders: May observe a director's sale, but the execution under a 10b5-1 plan mitigates concerns about discretionary selling based on material non-public information.

Next Steps

• 8,298 restricted stock units (RSUs) held by the director are set to vest on the earlier of the day immediately preceding the first annual meeting of the Issuer's stockholders following the grant date or the first anniversary of the grant date.

Key Dates

Keywords

Sprout Social, SPT, Form 4, insider trading, stock sale, director, Karen Walker, 10b5-1 plan, Class A Common Stock, restricted stock units