Rankin Amends Sprout Social Stake, Signals Ownership Shift

TL;DR

**Insider Aaron Rankin just updated his Sprout Social ownership, watch for details on his stake.**

AI Summary

Aaron Edward Frederick Rankin, a key individual associated with Sprout Social, Inc., filed an amended SC 13G/A on February 2, 2024, indicating a change in his beneficial ownership of the company's Class A common stock as of December 31, 2023. This filing, an Amendment No. 4, updates previous disclosures, signaling a potential shift in his stake or voting power. For investors, this matters because significant changes in ownership by insiders like Rankin can reflect their confidence (or lack thereof) in the company's future performance, potentially influencing stock price.

Why It Matters

Changes in beneficial ownership by insiders can signal their conviction about the company's future, potentially impacting investor sentiment and stock valuation.

Risk Assessment

Risk Level: low — This filing is a routine update of beneficial ownership and does not inherently indicate a high level of risk.

Analyst Insight

Investors should review the full SC 13G/A filing to determine the exact change in Aaron Edward Frederick Rankin's beneficial ownership percentage and consider it alongside other fundamental analysis of Sprout Social, Inc. before making investment decisions.

Key Players & Entities

• Aaron Edward Frederick Rankin (person) — Reporting Person, associated with Sprout Social, Inc.
• Sprout Social, Inc. (company) — Subject Company, issuer of the Class A common stock
• 06 Technology (company) — Organization Name associated with the subject company's data
• United States (country) — Citizenship of the Reporting Person

Forward-Looking Statements

• The detailed beneficial ownership percentages for Aaron Edward Frederick Rankin will be disclosed in the full filing, potentially showing an increase or decrease in his stake. (Aaron Edward Frederick Rankin) — high confidence, target: N/A
• If Rankin's ownership percentage has significantly changed, it could lead to short-term volatility in Sprout Social's stock price as investors react to insider sentiment. (Sprout Social, Inc.) — medium confidence, target: N/A

FAQ

Key Financial Figures

• $0.0001 — suer) Class A common stock, par value $0.0001 value per share (Title of Class of Sec

Filing Documents

• spt-13gaxrankin2024.htm (SC 13G/A) — 68KB
• 0001791946-24-000002.txt ( ) — 69KB

(a) Name of Issuer

ITEM 1. (a) Name of Issuer Sprout Social, Inc. (the "Issuer") (a) Address of Issuer's Principal Executive Offices co Sprout Social, Inc. 131 South Dearborn St., Suite 700 Chicago, IL 60603

(a) Name of Person Filing

ITEM 2. (a) Name of Person Filing Each of Aaron Edward Frederick Rankin and Yeming Shi Rankin is hereinafter individually referred to as a "Reporting Person" and collectively as the "Reporting Persons." (a) Address of Principal Business Office The address of the Reporting Persons is co Sprout Social, Inc., 131 South Dearborn St., Suite 700, Chicago, IL 60603. (b) Citizenship of each Reporting Person is The Reporting Persons are citizens of the United States. (c) Title of Class of Securities Class A common stock, par value $0.0001 value per share ("Class A Common Stock"). (d) CUSIP Number 85209W 109 ITEM 3. Not applicable.

Ownership

ITEM 4. Ownership. (a-c) The ownership information below represents beneficial ownership of Common Stock as of December 31, 2023 based upon 49,241,563 shares of Class A Common Stock outstanding as of December 31, 2023 and assuming the exchange of all shares of Class B common stock beneficially owned by each Reporting Person on a US-DOCS113290333.5 CUSIP No. 85209W 109 Schedule 13G 4 one-for-one basis. Does not include 29,938 unvested restricted stock units (RSUs) held by Mr. Rankin, which each represent the contingent right to receive one share of Class A Common Stock of the Issuer. 1,377 of these RSUs vest on March 1, 2024 3,077 of these RSUs vest in 5 equal quarterly installments beginning on March 1, 2024 9,231 of these RSUs vest in 9 equal quarterly installments beginning on March 1, 2024 and 16,253 of these RSUs of which 25% vest on March 1, 2024, with the remaining RSUs vesting in 12 equal quarterly installments beginning on June 1, 2024. Reporting Person Amount beneficially owned Percent of class Sole power to vote or to direct the vote Shared power to vote or to direct the vote Sole power to dispose or to direct the disposition of Shared power to dispose or to direct the disposition of Aaron Edward Frederick Rankin 2,733,555 5.3 % 691,662 2,041,893 691,662 2,041,893 Yeming Shi Rankin 2,041,893 4.0 % 0 2,041,893 0 2,041,893 Mr. Rankin has the sole power to vote and dispose of 10,950 shares of Class A Common Stock held directly and 680,712 shares of Class B common stock held in the Aaron Edward Frederick Rankin Revocable Trust, of which Mr. Rankin serves as the sole trustee. In addition, Mr. Rankin and Mrs. Rankin may be deemed to have shared voting and dispositive power with respect to 2,041,893 shares of Class B common stock held in various family trusts, of which Mrs. Rankin serves as the trustee. Mr. Rankin disclaims beneficial ownership of such shares.

Ownership of Five Percent or Less of a Class

ITEM 5. Ownership of Five Percent or Less of a Class. Not applicable.

Ownership of More than Five Percent on Behalf of Another Person

ITEM 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. ITEM 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable.

Identification and Classification of Members of the Group

ITEM 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution of Group

ITEM 9. Notice of Dissolution of Group. Not applicable.

Certification

ITEM 10. Certification. US-DOCS113290333.5 CUSIP No. 85209W 109 Schedule 13G 5 Not applicable. US-DOCS113290333.5 CUSIP No. 85209W 109 Schedule 13G 6 SIGNATURE 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 February 2, 2024 AARON EDWARD FREDERICK RANKIN By s Heidi Jonas Name Heidi Jonas Title Attorney-in-fact for Aaron Edward Frederick Rankin YEMING SHI RANKIN By s Yeming Shi Rankin US-DOCS113290333.5 CUSIP No. 85209W 109 Schedule 13G 7 LIST OF EXHIBITS Exhibit No. Description 24 Power of Attorney (incorporated by reference to Form 3 filed December 12, 2019). 99 Joint Filing Agreement. US-DOCS113290333.5

View Full Filing

View this SC 13G/A filing on SEC EDGAR