Sprout Social (SPT) 10% Owner Rankin Receives 120,192 RSUs

What Happened

• Rankin Aaron Edward Frederick, reported as a 10% owner of Sprout Social (SPT), received a grant of 120,192 restricted stock units (RSUs) on August 3, 2026. The award was recorded at $0.00 per share (typical for RSU grants); no cash changed hands at grant.

Key Details

• Transaction date: August 3, 2026; Form 4 filed August 5, 2026 (appears timely).
• Grant: 120,192 RSUs acquired (code A) at $0.00 per RSU; total reported RSUs after the grant equal 126,208 (3,048 + 2,968 + 120,192).
• Vesting:
  • 3,048 RSUs vest in 3 equal quarterly installments beginning Sept 1, 2026.
  • 2,968 RSUs vest in 7 equal quarterly installments beginning Sept 1, 2026.
  • 120,192 newly granted RSUs: 50% vest on Sept 1, 2027; the remaining 50% vests in four equal quarterly installments beginning Dec 1, 2027.
• Each RSU represents the contingent right to receive one share of Class A common stock and does not expire.
• No indication of a 10b5-1 plan, tax withholding, or a cashless sale in this filing.

Context

• This was an award/grant (not a market purchase or sale). Grants like RSUs are compensation or equity incentive arrangements and do not by themselves indicate a buy/sell market signal.
• As a 10% owner, Rankin is a substantial shareholder; Form 4 reporting rules apply to these insiders the same as to officers/directors.