Sprout Social co-founder establishes new trading plan to buy shares

Sprout Social (SPT) published a shareholder letter written by company co-founder and board member Aaron Rankin in a regulatory filing. In the letter, Rankin states in part: “Over the past week, I terminated my prior 10b5-1 stock trading plan, which had programmatically sold a portion of my shares. In its place, I have established a new trading plan that provides for future purchases of Sprout shares, once applicable SEC requirements and waiting periods have been satisfied.” The letter notes that CEO Ryan Barretto is in the process of ending his own stock sale plan and adopting a new stock buying plan.