Barretto Ryan Paul 4
Research Summary
AI-generated summary
Sprout Social (SPT) CEO Ryan Barretto Sells 2,189 Shares (Tax Withholding)
What Happened
- Ryan Paul Barretto, CEO and Director of Sprout Social (SPT), had 2,189 shares surrendered/withheld to satisfy a tax liability related to equity compensation. The shares were accounted at $5.60 per share, for a total value of $12,258. This transaction is coded F (payment of exercise price or tax liability), i.e., a tax withholding/disposition rather than an open-market sale.
Key Details
- Transaction date: 2026-04-01; Report filed: 2026-04-03 (timely).
- Shares withheld/disposed: 2,189 at $5.60 each; total value $12,258.
- Holdings after transaction (reported): includes 119,775 currently held shares in trusts and 900,856 RSUs (restricted stock units) of various vesting schedules — totaling 1,020,631 shares/RSU-equivalents reported in column 5.
- Footnotes: F1 details multiple RSU tranches and vesting schedules; F2 notes each RSU converts to one share and does not expire; F3 discloses 60,000 and 59,775 shares held in two trusts (one where Mr. Barretto is trustee, one held by his spouse as trustee).
- Transaction code: F = tax withholding/settlement of tax liability (not an open-market sale).
Context
- This was a routine tax-withholding event tied to equity awards (RSUs) vesting. Shares withheld for taxes are common and do not necessarily indicate the insider’s view on the stock — they are administrative transactions to satisfy tax obligations rather than discretionary sales.