{"filing":{"accession_number":"0001517375-26-000052","cik":"0001517375","ticker":"SPT","company_name":"Sprout Social, Inc.","form":"8-K","filing_date":"2026-07-15","report_date":null,"primary_document":"spt-20260715.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1517375/000151737526000052/spt-20260715.htm"},"events":[{"id":18042,"run_id":16197,"accession_number":"0001517375-26-000052","anchor_item_number":"2.05","event_type":"workforce_reduction","event_domain":"operational","is_material":true,"confidence":0.95,"summary":"Sprout Social announced a Board-approved workforce reduction affecting approximately 260 employees (20% of workforce) with estimated pre-tax restructuring charges of $18.0–$20.0 million. The reduction includes severance (12 weeks salary plus tenure-based increments), six months of healthcare coverage, equity acceleration, and outplacement support, with charges expected to be recognized in Q3 2026.","company_name":"Sprout Social, Inc.","ticker":"SPT","filing_date":"2026-07-15","form":"8-K","submitted_at":null,"items":[{"id":16737,"accession_number":"0001517375-26-000052","item_number":"2.02","item_title":"Results of Operations and Financial Condition.","event_type":"workforce_reduction","event_domain":"operational","is_material":true,"confidence":0.92,"reasoning":"The CEO letter in EX-99.1 discloses a workforce reduction affecting approximately 20% of employees, accompanied by substantial severance and benefits (12 weeks salary plus tenure-based additional weeks, six months healthcare, equity acceleration, and outplacement support). While Item 2.02 formally addresses financial results guidance, the material event disclosed is the operational restructuring and associated exit costs, which is the substance of the filing and would materially affect investor assessment of the company's cost structure and future profitability.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-15T13:01:57.316363+00:00","company_name":"","ticker":null,"filing_date":""},{"id":16738,"accession_number":"0001517375-26-000052","item_number":"2.05","item_title":"Costs Associated with Exit or Disposal Activities.","event_type":"workforce_reduction","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"The filing discloses a Board-approved workforce reduction plan affecting approximately 260 employees (20% of workforce) with estimated pre-tax restructuring charges of $18.0–$20.0 million, primarily for severance and benefits. This is a classic Item 2.05 disclosure of a material operational restructuring with quantified exit costs expected to be recognized in Q3 2026, directly matching the workforce_reduction event type.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-15T13:01:57.316363+00:00","company_name":"","ticker":null,"filing_date":""},{"id":16739,"accession_number":"0001517375-26-000052","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"workforce_reduction","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"The CEO letter discloses a workforce reduction affecting approximately 20% of employees, accompanied by detailed severance and exit benefits including 12 weeks of salary plus tenure-based increments, healthcare coverage, equity acceleration, and outplacement support. The forward-looking statements section explicitly references \"the Plan\" and \"workforce reduction,\" and notes risks including execution risks, operational disruptions, and potential adverse effects on talent attraction and retention. This is a material operational restructuring with associated exit costs.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-15T13:01:57.316363+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":16737,"accession_number":"0001517375-26-000052","item_number":"2.02","item_title":"Results of Operations and Financial Condition.","event_type":"workforce_reduction","event_domain":"operational","is_material":true,"confidence":0.92,"reasoning":"The CEO letter in EX-99.1 discloses a workforce reduction affecting approximately 20% of employees, accompanied by substantial severance and benefits (12 weeks salary plus tenure-based additional weeks, six months healthcare, equity acceleration, and outplacement support). While Item 2.02 formally addresses financial results guidance, the material event disclosed is the operational restructuring and associated exit costs, which is the substance of the filing and would materially affect investor assessment of the company's cost structure and future profitability.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-15T13:01:57.316363+00:00","company_name":"Sprout Social, Inc.","ticker":"SPT","filing_date":"2026-07-15"},{"id":16738,"accession_number":"0001517375-26-000052","item_number":"2.05","item_title":"Costs Associated with Exit or Disposal Activities.","event_type":"workforce_reduction","event_domain":"operational","is_material":true,"confidence":0.98,"reasoning":"The filing discloses a Board-approved workforce reduction plan affecting approximately 260 employees (20% of workforce) with estimated pre-tax restructuring charges of $18.0–$20.0 million, primarily for severance and benefits. This is a classic Item 2.05 disclosure of a material operational restructuring with quantified exit costs expected to be recognized in Q3 2026, directly matching the workforce_reduction event type.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-15T13:01:57.316363+00:00","company_name":"Sprout Social, Inc.","ticker":"SPT","filing_date":"2026-07-15"},{"id":16739,"accession_number":"0001517375-26-000052","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"workforce_reduction","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"The CEO letter discloses a workforce reduction affecting approximately 20% of employees, accompanied by detailed severance and exit benefits including 12 weeks of salary plus tenure-based increments, healthcare coverage, equity acceleration, and outplacement support. The forward-looking statements section explicitly references \"the Plan\" and \"workforce reduction,\" and notes risks including execution risks, operational disruptions, and potential adverse effects on talent attraction and retention. This is a material operational restructuring with associated exit costs.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-15T13:01:57.316363+00:00","company_name":"Sprout Social, Inc.","ticker":"SPT","filing_date":"2026-07-15"}]}