Sprout Social, Inc.

6. Stockholders’ Equity

Share Repurchase Program

Sprout Social, Inc.

Notes to Condensed Consolidated Financial Statements (Unaudited)

On May 7, 2026, the Company announced that its board of directors (the “Board”) authorized a share repurchase program (the “Share Repurchase Program”) under which the Company may repurchase up to $50 million of its Class A common stock. The Share Repurchase Program authorizes the Company to repurchase its Class A common stock from time to time in the open market, in privately negotiated transactions, through block purchases, through Rule 10b5-1 trading plans, or by any combination of such methods, all in accordance with applicable securities laws and regulations. The timing and amount of any repurchase will be determined by the Company's management at its discretion. The Share Repurchase Program does not obligate the Company to repurchase any particular amount of Class A common stock, has no set termination date and may be modified, suspended or discontinued at any time at the Board’s discretion.

When the Company repurchases shares under the Share Repurchase Program, it reduces the Class A common stock component of stockholders’ equity by the par value of the repurchased shares. The excess of the repurchase price over par value is recorded to additional paid-in capital on the condensed consolidated balance sheets. All repurchased shares are retired and become authorized and unissued shares.

During the three months ended September 30, 2026, the Company repurchased 2.6 million shares of its Class A common stock for an aggregate purchase price of $26.3 million, including brokerage commissions, at an average price per share of $10.25, excluding excise tax. All repurchases were made in open market transactions.

As of September 30, 2026, approximately $23.8 million remained available for future stock repurchases under the Share Repurchase Program, exclusive of brokerage commissions and excise tax associated with repurchases.