SCHEDULE 13G/A: Sprout Social Insiders Disclose Updated Beneficial Ownership in Class A Common Stock

Aaron Edward Frederick Rankin and Yeming Shi Rankin have filed an amended Schedule 13G, detailing their beneficial ownership of Sprout Social, Inc.'s Class A common stock as of December 31, 2024.

Summary

• Aaron Edward Frederick Rankin beneficially owns 2,615,408 shares of Sprout Social, Inc. Class A Common Stock, representing 4.9% of the outstanding shares as of December 31, 2024.
• Yeming Shi Rankin beneficially owns 1,975,893 shares, representing 3.7% of the outstanding Class A Common Stock as of the same date.
• Mr. Rankin holds sole voting and dispositive power over 639,515 shares, which include 24,803 Class A shares held directly and 614,712 Class B shares held in the Aaron Edward Frederick Rankin Revocable Trust.
• Mr. and Mrs. Rankin may be deemed to have shared voting and dispositive power with respect to 1,975,893 Class B shares held in various family trusts, where Mrs. Rankin serves as the trustee; Mr. Rankin disclaims beneficial ownership of these shared shares.
• The reported beneficial ownership includes 4,351 unvested restricted stock units (RSUs) scheduled to vest within 60 days of December 31, 2024, and assumes the one-for-one exchange of Class B common stock into Class A.
• Mr. Rankin's beneficial ownership calculation excludes an additional 17,319 unvested RSUs with vesting schedules beginning on June 1, 2025, and extending in quarterly installments.

Sentiment

Score: 5

Explanation: Neutral, as this is a factual disclosure of beneficial ownership and does not contain performance or strategic updates.

Future Outlook

This document is a beneficial ownership report and does not contain any forward-looking statements or guidance regarding the company's future performance or strategic outlook.

Industry Context

This filing is a routine disclosure of beneficial ownership by significant shareholders and does not provide broader industry context or trends.

Related Party Transactions

• Beneficial ownership includes shares held in the Aaron Edward Frederick Rankin Revocable Trust and various family trusts where Yeming Shi Rankin serves as trustee, indicating related party holding structures.

Stakeholder Impact

• Provides transparency to shareholders regarding the beneficial ownership stakes of significant individuals, likely company insiders or founders.

Key Dates

Keywords

Sprout Social Inc., Class A common stock, Schedule 13G, beneficial ownership, Aaron Edward Frederick Rankin, Yeming Shi Rankin, SEC filing, insider holdings, equity, common stock