Sprout Social (SPT) Sees 13D Filing Amendment

Ticker: SPT · Form: SC 13D/A · Filed: Sep 18, 2024 · CIK: 1517375

Sprout Social, Inc. SC 13D/A Filing Summary
FieldDetail
CompanySprout Social, Inc. (SPT)
Form TypeSC 13D/A
Filed DateSep 18, 2024
Risk Levelmedium
Pages5
Reading Time6 min
Key Dollar Amounts$0.0001, $30.56, $29.89, $30.88, $31.03
Sentimentneutral

Sentiment: neutral

Topics: 13D-filing, amendment, beneficial-ownership

Related Tickers: SPT

TL;DR

SPT 13D filing amended by Howard Justyn Russell. Keep an eye on this.

AI Summary

Howard Justyn Russell has amended his Schedule 13D filing for Sprout Social, Inc. on September 18, 2024. The filing indicates a change in beneficial ownership of the company's Class A common stock. Specific details regarding the nature of the change or the exact number of shares involved are not fully elaborated in this excerpt.

Why It Matters

Amendments to Schedule 13D filings often signal significant changes in a major shareholder's stake or intentions, potentially impacting the stock price.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, which can introduce volatility.

Key Players & Entities

  • Sprout Social, Inc. (company) — Subject company
  • Howard Justyn Russell (person) — Filing person
  • September 18, 2024 (date) — Filing date
  • September 12, 2024 (date) — Date of event requiring filing

FAQ

What is the specific nature of the change in beneficial ownership reported in this amendment?

The provided excerpt does not detail the specific nature or extent of the change in beneficial ownership, only that an amendment to the Schedule 13D has been filed.

Who is Howard Justyn Russell in relation to Sprout Social, Inc.?

Howard Justyn Russell is the person filing the Schedule 13D amendment, indicating he is a significant beneficial owner of Sprout Social, Inc.'s Class A common stock.

What is the CUSIP number for Sprout Social, Inc.'s Class A common stock?

The CUSIP number for Sprout Social, Inc.'s Class A common stock is 85209W 109.

What is the business address of Sprout Social, Inc.?

The business address of Sprout Social, Inc. is 131 South Dearborn Street, Suite 700, Chicago, IL 60603.

What is the filing date of this Schedule 13D/A amendment?

The filing date of this Schedule 13D/A amendment is September 18, 2024.

Filing Stats: 1,375 words · 6 min read · ~5 pages · Grade level 10.1 · Accepted 2024-09-18 16:10:46

Key Financial Figures

  • $0.0001 — suer) Class A common stock, par value $0.0001 value per share (Title of Class of Sec
  • $30.56 — Share, Inclusive August 6, 2024 14,928 $30.56 $29.89 to $30.88 August 6, 2024 5,072
  • $29.89 — Inclusive August 6, 2024 14,928 $30.56 $29.89 to $30.88 August 6, 2024 5,072 $31.03
  • $30.88 — August 6, 2024 14,928 $30.56 $29.89 to $30.88 August 6, 2024 5,072 $31.03 $30.89 to
  • $31.03 — $29.89 to $30.88 August 6, 2024 5,072 $31.03 $30.89 to $31.20 On August 7, 2024, t
  • $30.89 — to $30.88 August 6, 2024 5,072 $31.03 $30.89 to $31.20 On August 7, 2024, the Repo
  • $31.20 — August 6, 2024 5,072 $31.03 $30.89 to $31.20 On August 7, 2024, the Reporting Pers
  • $30.44 — Share, Inclusive August 7, 2024 66,899 $30.44 $30.03 to $31.02 August 7, 2024 13,101
  • $30.03 — Inclusive August 7, 2024 66,899 $30.44 $30.03 to $31.02 August 7, 2024 13,101 $31.28
  • $31.02 — August 7, 2024 66,899 $30.44 $30.03 to $31.02 August 7, 2024 13,101 $31.28 $31.03 to
  • $31.28 — $30.03 to $31.02 August 7, 2024 13,101 $31.28 $31.03 to $31.60 On September 3, 2024
  • $31.60 — August 7, 2024 13,101 $31.28 $31.03 to $31.60 On September 3, 2024, 8,595 shares of
  • $28.11 — re, Inclusive September 5, 2024 16,899 $28.11 $27.39 to $28.38 September 5, 2024 3,1
  • $27.39 — lusive September 5, 2024 16,899 $28.11 $27.39 to $28.38 September 5, 2024 3,101 $28.
  • $28.38 — ptember 5, 2024 16,899 $28.11 $27.39 to $28.38 September 5, 2024 3,101 $28.65 $28.39

Filing Documents

Purpose of Transaction

Item 4. Purpose of Transaction

of the Schedule 13D is hereby amended and supplemented as follows

Item 4 of the Schedule 13D is hereby amended and supplemented as follows On September 12, 2024, the Reporting Person entered into a trading plan (the Trading Plan) pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. Pursuant to the Trading Plan, a broker dealer will make periodic sales of up to an aggregate of 480,000 shares of Class A Common Stock on behalf of the Reporting Person. CUSIP No. 85209W 109 13D Page 2 of 3 pages This description of the Trading Plan does not purport to be complete and is qualified in its entirety by the text of the Trading Plan, the form of which is attached as an exhibit to this Schedule 13D and incorporated herein by reference.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer

of the Schedule 13D is hereby amended and restated in its entirety as follows

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows (a) - (b) The Reporting Person may be deemed to beneficially own 5.05% of the outstanding Class A Common Stock. This is based on 50,419,689 shares of Class A Common Stock outstanding as of July 31, 2024 and assumes the exchange of all shares of Class B Common Stock beneficially owned by the Reporting Person on a one-for-one basis. The Reporting Person may be deemed to have sole voting power with respect to (i) 7,417 shares of Class A Common Stock and 1,326,471 shares of Class B Common Stock held by the JRH Revocable Trust of which the Reporting Person serves as the sole trustee, (ii) 300,000 shares of Class B Common Stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee, and (iii) 518,874 shares of Class B Common Stock and 68,080 shares of Class A Common Stock held of record by the Reporting Person. The Reporting Person may also be deemed to have sole dispositive power with respect to the foregoing shares. The Reporting Person may be deemed to have shared voting and dispositive power with respect to 285,000 and 170,000 shares of Class B Common Stock held by the JRH Gift Trust and EEH Revocable Trust, respectively, of which the Reporting Person's spouse serves as the sole trustee. The Reporting Person disclaims beneficial ownership of such shares. (c) Except as described in Item 4 and as stated below, during the past 60 days the Reporting Person effected the following transactions in the Class A Common Stock prior to the filing of this Amendment No. 7 On August 6, 2024, the Reporting Person converted 20,000 shares of Class B Common Stock into Class A Common Stock and sold such shares pursuant to the Reporting Person's prior Rule 10b5-1 trading plan. The shares were sold at various prices, as follows Date of Transaction Amount Sold Weighted Average Transaction Price, Inclusive Price Range Per Share, Inclusive August 6, 2024 14,928 $30.56 $2

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer Item 4 above summarizes certain provisions of the Trading Plan and is incorporated herein by reference. A copy of the form of Trading Plan is attached as an exhibit to this Schedule 13D, and is incorporated herein by reference. Except as set forth herein, the Reporting Person does not have any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of the Issuer, including but not limited to any contracts, arrangements, understandings or relationships concerning the transfer or voting of such securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies.

Materials to be Filed as Exhibits

Item 7. Materials to be Filed as Exhibits Exhibit Number Description 4.1 Form of Trading Plan CUSIP No. 85209W 109 13D Page 3 of 3 pages

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date September 18, 2024 Justyn Russell Howard By s Heidi Jonas Name Heidi Jonas Title Attorney-in-fact for Justyn Russell Howard

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