September 3, 2025 · Form 4 insider transaction
Howard Justyn Russell sold 10,566 shares of SPT at $15.16 per share, a transaction worth $160.2K. The trade was recorded as open-market sale under a pre-scheduled Rule 10b5-1 plan and disclosed on an SEC Form 4, filed 2 days after the transaction.
Shares sold pursuant to an irrevocable election made on November 29, 2024, in conformity with the requirements of Rule 10b5-1 for the purpose of covering tax obligations upon settlement of restricted stock units ("RSUs").; After giving effect to this transaction the total reported in column 5 includes: (1) 12,308 reported RSUs which vest in 2 equal quarterly installments beginning on December 1, 2025; (2) 42,663 reported RSUs of which vest in 6 equal quarterly installments beginning on December 1, 2025; (3) 74,203 reported RSUs which vest in 10 equal quarterly installments beginning on December 1, 2025; and (4) 109,489 reported RSUs of which 25% will vest on March 1, 2026 with the remaining RSUs vesting in 12 equal quarterly installments beginning on June 1, 2026. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.