Rankin Aaron Edward Frederick - 17 Mar 2025 Form 4/A - Amendment Insider Report for Sprout Social, Inc. (SPT)

Reporting relationship: Director, 10%+ Owner
Issuer ticker: SPT
Reported as of: 17 Mar 2025
Net transaction value: -$581,124
SEC form: 4/A - Amendment
Accepted by SEC: 20 Mar 2025, 16:04:33 UTC
Original report date: 18 Mar 2025
Prior SEC filing: 05 Sep 2024
Next SEC filing: 23 May 2025
Source filing: View source filing
Reporting owner signature: /s/ Heidi Jonas, Attorney-in-fact for Aaron E.F. Rankin

Key filing fact

Rankin Aaron Edward Frederick filed Form 4/A - Amendment for Sprout Social, Inc. (SPT) on 20 Mar 2025.

Key facts

This page summarizes Rankin Aaron Edward Frederick's Form 4/A - Amendment filing for Sprout Social, Inc. (SPT).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 20 Mar 2025, 16:04.

Change

Previous filing in this sequence was filed on 05 Sep 2024.
Current net transaction value: -$581,124.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4/A - Amendment disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SPT transaction

Class A Common Stock

Gift

Transaction value: $0
Shares: -23,646
Change %: -56%
Price: $0.000000
Shares after: 18,476
Date: 17 Mar 2025
Ownership: Direct
Footnotes: F1, F2, F3

SPT transaction

Class A Common Stock

Gift

Transaction value: $0
Shares: +23,646
Change %
Price: $0.000000
Shares after: 23,646
Date: 17 Mar 2025
Ownership: See footnote
Footnotes: F1, F2, F4

SPT transaction

Class A Common Stock

Sale

Transaction value: $581,124
Shares: -23,646
Change %: -100%
Price: $24.58
Shares after: 0
Date: 17 Mar 2025
Ownership: See footnote
Footnotes: F2, F4, F5

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SPT holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,590,605
Date: 17 Mar 2025
Ownership: See footnote
Underlying class: Class A Common Stock
Underlying amount: 2,590,605
Exercise price
Footnotes: F4, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 6 footnotes

Footnote F1

On March 17, 2025 the Reporting Person made a bona fide gift of 23,646 shares of Issuer Common Stock to the Aaron Edward Frederick Rankin Revocable Trust, of which the Reporting Person serves as the sole trustee.

Footnote F2

This transaction occurred under a 10b5-1 plan adopted by the Reporting Person on December 3, 2024.

Footnote F3

After giving effect to the transactions reported herein, this represents: (1) 4,103 reported restricted stock units ("RSUs") which vest in 4 equal quarterly installments beginning on June 1, 2025; (2) 8,127 reported RSUs which vest in 8 equal quarterly installments beginning on June 1, 2025; and (3) 5,088 reported RSUs which vest in 12 equal quarterly installments beginning on June 1, 2025. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.

Footnote F4

After giving effect to the transactions reported herein, this represents: (i) 614,712 shares of Class B Common Stock held by the Aaron Edward Frederick Rankin Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 1,250,962 shares of Class B Common Stock held by the Rankin Family 2013 Trust, of which Yeming Shi Rankin, the Reporting Person's spouse, serves as the sole trustee; and (iii) 724,931 shares of Class B Common Stock held by the Rankin Family 2013 Non-Exempt Trust, of which Yeming Shi Rankin serves as the sole trustee. Yeming Shi Rankin may be deemed to have sole voting and dispositive power with respect to the Class B Common Stock held by, each of the Rankin Family 2013 Trust and the Rankin Family 2013 Non-Exempt Trust.

Footnote F5

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.02 to $24.99 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Footnote F6

Shares of Class B Common Stock have no economic rights and each share entitles its holder to 10 votes per share. Each share of Class B Common Stock is exchangeable by the holder on a one-for-one basis for Class A Common Stock at any time and does not expire.

SEC remarks

This amendment to Form 4 corrects the transactions reported in the Form 4 filed on March 18, 2025 (the "Original Filing"). The Original Filing incorrectly reported the March 17, 2025 transactions as the conversion of 23,646 shares of Class B Common Stock and sale of 23,646 shares of Class A Common Stock from the Aaron Edward Frederick Rankin Revocable Trust. This amendment corrects that error to report the transactions as the gift of 23,646 shares of Class A Common Stock from the Reporting Person's direct holdings to the Aaron Edward Frederick Rankin Revocable Trust and sale of 23,646 shares of Class A Common Stock from the Aaron Edward Frederick Rankin Revocable Trust.