Sprout Social (SPT) CEO Ryan Barretto Sells 13,323 Shares for Taxes

What Happened
Ryan Paul Barretto, CEO and Director of Sprout Social (SPT), disposed of 13,323 shares on September 1, 2026. The shares were reported at $11.47 each for a total value of $152,815. The filing classifies the transaction as code F — a payment to satisfy tax withholding related to equity awards (i.e., shares surrendered to cover taxes), not a discretionary open-market sale.

Key Details

• Transaction date and price: 2026-09-01 at $11.47 per share; total $152,815.
• Transaction code: F (payment of exercise price or tax liability — tax withholding on RSUs).
• Shares owned after transaction: filing shows beneficial ownership of 119,775 shares held in family trusts plus 827,589 RSUs (total about 947,364 shares/RSU-equivalents).
  • Trust holdings: 60,000 shares (Ryan Paul Barretto 2020 Gift Trust) and 59,775 shares (Ryan Paul Barretto Revocable Trust).
  • RSU breakdown (per footnote): 15,000; 7,518; 26,078; 50,063; 182,482; and 546,448 RSUs with various vesting schedules beginning between Oct 1, 2026 and March 1, 2027.
• RSU note: Each RSU equals one share of Class A common stock and does not expire (footnote F2).
• Filing timeliness: Transaction reported on Form 4 filed 2026-09-03 for a 2026-09-01 transaction (filed within the standard Form 4 window).

Context
This was a tax-withholding disposition tied to equity awards (RSUs). Such transactions are routine administrative actions to satisfy tax obligations when awards vest and do not necessarily indicate a change in the insider’s view of the company.