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Sprout Social, Inc.·4

Jul 2, 4:08 PM ET

Barretto Ryan Paul 4

Research Summary

AI-generated summary

Updated

Sprout Social (SPT) CEO Ryan Barretto Buys 2,415 Shares, Sells 2,190 for Taxes

What Happened

  • Ryan Paul Barretto, CEO and Director of Sprout Social (SPT), purchased 2,415 shares under the company's ESPP on 2026-06-30 for $6.42/share (total ~$15,499).
  • On 2026-07-01, 2,190 shares were disposed at $7.99/share (total ~$17,498) to satisfy tax withholding/payment related to the equity acquisition. The ESPP purchase was at 85% of the June 30 closing price (per the plan), and the withholding sale is a routine tax-related disposition.

Key Details

  • Transaction dates and prices:
    • 2026-06-30: ESPP purchase — 2,415 shares @ $6.42 = $15,499 (code A: acquisition).
    • 2026-07-01: Tax withholding/disposition — 2,190 shares @ $7.99 = $17,498 (code F: tax payment).
  • Shares beneficially owned after these transactions (per the Form 4 footnotes): the report lists substantial holdings made up primarily of RSUs (totaling 861,441 RSUs described in footnote F2) plus 119,775 shares held in two trusts (footnote F4), implying roughly 981k shares/RSU interests reported following the transactions.
  • Notable footnotes:
    • F1: ESPP purchase was at 85% of the closing price and is exempt from Rule 16b-3(d) and 16b-3(c); fractional shares were rounded for reporting.
    • F2–F3: Detailed RSU schedules are provided; each RSU converts to one share and many vest over multiple quarterly installments starting Sept/Oct 2026.
    • F4: Trust holdings (60,000 and 59,775 shares) are reported; Mr. Barretto has trustee roles as noted.
  • Filing timeliness: Reported period 2026-07-01 and filed 2026-07-02 — appears timely (no late filing flag).

Context

  • This was primarily an ESPP purchase (a company-sponsored discounted purchase, generally viewed as routine/employee participation) with a customary tax-withholding disposition rather than a discretionary open-market sale. Such withholding transactions are common and usually reflect tax obligations from equity awards/purchases rather than an intent to reduce exposure. The large reported balance is driven by unvested RSUs and trust-held shares described in the footnotes.