{"schema_version":"secwatch.filing_event.v1","accession":"0001517375-26-000052","form_type":"8-K","ticker":"SPT","cik":"0001517375","company_name":"Sprout Social, Inc.","filed_at":"2026-07-15T13:00:25+00:00","discovered_at":"2026-07-15T13:02:00.317485+00:00","generated_at":"2026-07-15T13:02:06.739822+00:00","sec_items":["2.02","2.05","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Sprout Social to cut ~20% of workforce (260 employees); Q2 results at high end of guidance","bullets":["Workforce reduction of ~20% (~260 employees) approved July 8, 2026; notifications began July 15.","Estimated pre-tax restructuring charges of $18M-$20M, primarily cash severance, recognized in Q3 2026.","Severance includes 12 weeks salary + 1 week per year tenure, 6 months healthcare, 90-day equity value cash payment.","Preliminary Q2 2026 results expected at high end of prior guidance for revenue, non-GAAP operating income, and non-GAAP EPS.","Company cites need to streamline and invest in AI-powered social intelligence."],"urls":{"canonical":"https://secwatch.observer/filing/0001517375-26-000052","json":"https://secwatch.observer/filing/0001517375-26-000052.json","markdown":"https://secwatch.observer/filing/0001517375-26-000052.md","text":"https://secwatch.observer/filing/0001517375-26-000052.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1517375/000151737526000052/0001517375-26-000052-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1517375/000151737526000052/spt-20260715.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-15T13:02:06.739822+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}