---
schema_version: "secwatch.filing_event.v1"
accession: "0001517375-21-000051"
form_type: "8-K"
ticker: "SPT"
cik: "0001517375"
company_name: "Sprout Social, Inc."
filed_at: "2021-10-05T23:59:59+00:00"
generated_at: "2026-06-28T22:57:25.541957+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Sprout Social grants President Ryan Barretto 120k RSUs for $200M ARR; sets new $300M ARR milestone

## Summary
- Compensation Committee granted 120,000 RSUs to President Ryan Barretto effective Oct 4, 2021 for achieving $200M annual run rate target.
- New side letter provides for future grant of 120,000 RSUs when annual run rate reaches $300M, subject to Compensation Committee approval.
- The 2021 Milestone RSU Grant vests 25% on first anniversary and 1/16 quarterly thereafter over four years, contingent on continued employment.
- Mr. Barretto must be employed at the time the Committee certifies achievement of the $300M milestone to receive the grant.

## SEC filing metadata
- accession: 0001517375-21-000051
- form_type: 8-K
- ticker: SPT
- cik: 0001517375
- company_name: Sprout Social, Inc.
- filed_at: 2021-10-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1517375/000151737521000051/0001517375-21-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1517375/000151737521000051/spt-20211004.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001517375-21-000051
- JSON: https://secwatch.observer/filing/0001517375-21-000051.json
- Plain text: https://secwatch.observer/filing/0001517375-21-000051.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.