Sprout Social (SPT) 10% Owner Rankin Sells 717 Shares

What Happened
Rankin Aaron Edward Frederick, a reported 10% owner of Sprout Social, sold 717 shares of Sprout Social (SPT) common stock in an open-market/private sale on September 2, 2026. The reported sale price was $11.45 per share for aggregate proceeds of approximately $8,210. The filing notes the sale was made pursuant to an irrevocable 10b5-1 election to cover tax obligations arising from the settlement of restricted stock units (RSUs).

Key Details

• Transaction date and price: 2026-09-02 — 717 shares at $11.45 per share (≈ $8,210).
• Filing date: 2026-09-03 (appears timely under Form 4 rules).
• Shares/units reported after transaction: filing states the reported beneficial ownership includes RSUs totaling 124,768 (2,032 + 2,544 + 120,192) that vest on schedules beginning Dec 1, 2026 through 2028; each RSU converts to one share upon vesting.
• Footnotes: F1 — sale was pursuant to an irrevocable 10b5-1 plan established July 29, 2026 to cover tax withholding on RSU settlements. F2 — details the RSU vesting schedules (two equal quarterly installments for 2,032 RSUs; six equal quarterly installments for 2,544 RSUs; and 120,192 RSUs with 50% vesting 9/1/2027 and the remainder in quarterly installments thereafter).
• Transaction code: S = Sale.

Context
This was a sale tied to tax withholding for RSU settlement under a pre-established 10b5-1 plan, which is a common, scheduled way insiders cover tax obligations and does not necessarily signal a change in view on the company. As a 10% owner, Rankin is a large shareholder rather than an indication of routine executive compensation activity, and the sale size here is modest (~$8k) relative to large institutional stakes.