SPT · Sprout Social, Inc. · Insider Trading

The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 12, 2025.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 566,190 shares of Class B common stock, held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee

Shares of Class B Common Stock have no economic rights and each share entitles its holder to 10 votes per share. Each share of Class B Common Stock is exchangeable by the holder on a one-for-one basis for Class A Common Stock at any time and does not expire.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 566,190 shares of Class B common stock, held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee

The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 12, 2025.

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.495 to $10.875 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 566,190 shares of Class B common stock, held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee

Shares sold pursuant to an irrevocable election made on July 29, 2026, 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 the transaction reported herein, the total reported in column 5 includes: (1) 2,032 reported RSUs which vest in 2 equal quarterly installments beginning on December 1, 2026; (2) 2,544 reported RSUs which vest in 6 equal quarterly installments beginning on December 1, 2026; and (3) 120,192 RSUs of which 50% will vest on September 1, 2027 with the remaining RSUs vesting in 4 equal quarterly installments beginning on December 1, 2027. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.

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) 14,222 reported RSUs which vest in 2 equal quarterly installments beginning on December 1, 2026; (2) 44,522 reported RSUs which vest in 6 equal quarterly installments beginning on December 1, 2026; and (3) 68,431 reported RSUs which will vest in 10 equal quarterly installments beginning on December 1, 2026. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.

After giving effect to the transaction reported herein, the total reported in column 5 includes: (1) 15,000 reported restricted stock units ("RSUs") which vest in 2 equal quarterly installments beginning on December 1, 2026; (2) 7,518 reported RSUs which vest in 2 equal quarterly installments beginning on December 1, 2026; (3) 26,078 reported RSUs which vest in 6 equal quarterly installments beginning on December 1, 2026; (4) 50,063 reported RSUs which vest in 9 equal quarterly installments beginning on October 1, 2026; (5) 182,482 reported RSUs which will vest in 10 equal quarterly installments beginning on December 1, 2026; and (6) 546,448 RSUs of which 1/3 will vest on March 1, 2027 with the remaining RSUs vesting in 8 equal quarterly installments beginning on June 1, 2027.

Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.

Shares of Class B Common Stock have no economic rights and each share entitles its holder to 10 votes per share. Each share of Class B Common Stock is exchangeable by the holder on a one-for-one basis for Class A Common Stock at any time and does not expire.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock; (ii) 606,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (iii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iv) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (v) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 12, 2025.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock; (ii) 606,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (iii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iv) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (v) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 12, 2025.

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.895 to $10.39 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock; (ii) 606,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (iii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iv) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (v) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

After giving effect to the transaction reported herein, the total reported in column 5 includes: (1) 3,048 reported RSUs which vest in 3 equal quarterly installments beginning on September 1, 2026; (2) 2,968 reported RSUs which vest in 7 equal quarterly installments beginning on September 1, 2026; and (3) 120,192 newly granted RSUs of which 50% will vest on September 1, 2027 with the remaining RSUs vesting in 4 equal quarterly installments beginning on December 1, 2027. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.

The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 12, 2025.

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.19 to $8.59 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock (ii) 646,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (iii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iv) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (v) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 12, 2025.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock (ii) 646,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (iii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iv) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (v) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

Shares of Class B Common Stock have no economic rights and each share entitles its holder to 10 votes per share. Each share of Class B Common Stock is exchangeable by the holder on a one-for-one basis for Class A Common Stock at any time and does not expire.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock (ii) 646,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (iii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iv) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (v) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

After giving effect to the transaction reported herein, the total reported in column 5 includes: (1) 22,500 reported restricted stock units ("RSUs") which vest in 3 equal quarterly installments beginning on September 1, 2026; (2) 11,276 reported RSUs which vest in 3 equal quarterly installments beginning on September 1, 2026; (3) 30,424 reported RSUs which vest in 7 equal quarterly installments beginning on September 1, 2026; (4) 50,063 reported RSUs which vest in 9 equal quarterly installments beginning on October 1, 2026; (5) 200,730 reported RSUs which will vest in 11 equal quarterly installments beginning on September 1, 2026; and (6) 546,448 RSUs of which 1/3 will vest on March 1, 2027 with the remaining RSUs vesting in 8 equal quarterly installments beginning on June 1, 2027.

Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.

Shares purchased pursuant to the Issuer's 2019 Employee Stock Purchase Plan ("ESPP"), for the purchase period of January 1, 2026 through June 30, 2026. This transaction is exempt from Rule16b-3 (d) and Rule16b-3(c). In accordance with the ESPP, 2,415 shares were purchased at a price equal to 85% of the closing price of Issuer's Class A Common Stock on June 30, 2026. The ESPP provides for the purchase of fractional shares. The numbers reported herein are rounded to the nearest whole number.

After giving effect to the transaction reported herein, the total reported in column 5 includes: (1) 22,500 reported restricted stock units ("RSUs") which vest in 3 equal quarterly installments beginning on September 1, 2026; (2) 11,276 reported RSUs which vest in 3 equal quarterly installments beginning on September 1, 2026; (3) 30,424 reported RSUs which vest in 7 equal quarterly installments beginning on September 1, 2026; (4) 50,063 reported RSUs which vest in 9 equal quarterly installments beginning on October 1, 2026; (5) 200,730 reported RSUs which will vest in 11 equal quarterly installments beginning on September 1, 2026; and (6) 546,448 RSUs of which 1/3 will vest on March 1, 2027 with the remaining RSUs vesting in 8 equal quarterly installments beginning on June 1, 2027.

Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.

The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 12, 2025.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock (ii) 686,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (iii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iv) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (v) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

Shares of Class B Common Stock have no economic rights and each share entitles its holder to 10 votes per share. Each share of Class B Common Stock is exchangeable by the holder on a one-for-one basis for Class A Common Stock at any time and does not expire.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock (ii) 686,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (iii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iv) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (v) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 12, 2025.

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.780 to $7.175 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock (ii) 686,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (iii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iv) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (v) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

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) 21,332 reported RSUs of which vest in 3 equal quarterly installments beginning on September 1, 2026; (2) 51,942 reported RSUs which vest in 7 equal quarterly installments beginning on September 1, 2026; and (3) 75,274 reported RSUs of which will vest in 11 equal quarterly installments beginning on September 1, 2026. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.

After giving effect to the transaction reported herein, the total reported in column 5 includes: (1) 22,500 reported restricted stock units ("RSUs") which vest in 3 equal quarterly installments beginning on September 1, 2026; (2) 11,276 reported RSUs which vest in 3 equal quarterly installments beginning on September 1, 2026; (3) 30,424 reported RSUs which vest in 7 equal quarterly installments beginning on September 1, 2026; (4) 55,626 reported RSUs which vest in 10 equal quarterly installments beginning on July 1, 2026; (5) 200,730 reported RSUs which will vest in 11 equal quarterly installments beginning on September 1, 2026; and (6) 546,448 RSUs of which 1/3 will vest on March 1, 2027 with the remaining RSUs vesting in 8 equal quarterly installments beginning on June 1, 2027.

Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.

The total reported in column 5 includes: 26,470 newly granted restricted stock units ("RSUs"), which will vest on the earlier of (i) the day immediately preceding the date of the first annual meeting of the Issuer's stockholders following the date of the grant and (ii) the first anniversary of the date of grant. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.

The total reported in column 5 includes: 13,779 newly granted restricted stock units ("RSUs"), which will vest on the earlier of (i) the day immediately preceding the date of the first annual meeting of the Issuer's stockholders following the date of the grant and (ii) the first anniversary of the date of grant. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire, and 37,422 RSUs, of which one-third of the total number of RSUs will vest on November 17, 2026 and one-eighth of the remaining RSUs will vest on each quarterly anniversary of the grant date thereafter such that the RSUs will be fully vested on November 17, 2028.

The total reported in column 5 includes: 26,470 newly granted restricted stock units ("RSUs"), which will vest on the earlier of (i) the day immediately preceding the date of the first annual meeting of the Issuer's stockholders following the date of the grant and (ii) the first anniversary of the date of grant. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.

The total reported in column 5 includes: 26,470 newly granted restricted stock units ("RSUs"), which will vest on the earlier of (i) the day immediately preceding the date of the first annual meeting of the Issuer's stockholders following the date of the grant and (ii) the first anniversary of the date of grant. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.

The total reported in column 5 includes: 26,470 newly granted restricted stock units ("RSUs"), which will vest on the earlier of (i) the day immediately preceding the date of the first annual meeting of the Issuer's stockholders following the date of the grant and (ii) the first anniversary of the date of grant. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.

The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 12, 2025.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 726,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 12, 2025.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 726,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 12, 2025.

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.365 to $7.340 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 726,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

Shares of Class B Common Stock have no economic rights and each share entitles its holder to 10 votes per share. Each share of Class B Common Stock is exchangeable by the holder on a one-for-one basis for Class A Common Stock at any time and does not expire.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 726,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 12, 2025.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 766,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 12, 2025.

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.935 to $5.355 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 766,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

Shares of Class B Common Stock have no economic rights and each share entitles its holder to 10 votes per share. Each share of Class B Common Stock is exchangeable by the holder on a one-for-one basis for Class A Common Stock at any time and does not expire.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 766,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

After giving effect to the transaction reported herein, the total reported in column 5 includes: (1) 30,000 reported restricted stock units ("RSUs") which vest in 4 equal quarterly installments beginning on June 1, 2026; (2) 15,034 reported RSUs which vest in 4 equal quarterly installments beginning on June 1, 2026; (3) 34,770 reported RSUs which vest in 8 equal quarterly installments beginning on June 1, 2026; (4) 55,626 reported RSUs which vest in 10 equal quarterly installments beginning on July 1, 2026; (5) 218,978 reported RSUs which will vest in 12 equal quarterly installments beginning on June 1, 2026; and (6) 546,448 RSUs of which 1/3 will vest on March 1, 2027 with the remaining RSUs vesting in 8 equal quarterly installments beginning on June 1, 2027.

Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.

The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 12, 2025.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 806,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

Shares of Class B Common Stock have no economic rights and each share entitles its holder to 10 votes per share. Each share of Class B Common Stock is exchangeable by the holder on a one-for-one basis for Class A Common Stock at any time and does not expire.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 806,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 12, 2025.

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.80 to $6.16 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 806,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

This transaction occurred under a 10b5-1 plan adopted by the Reporting Person on May 27, 2025.

After giving effect to the transactions reported herein, the total reported in column 5 includes: (1) 10,158 reported RSUs which vest in 4 equal quarterly installments beginning on June 1, 2026; (2) 27,562 reported RSUs which vest in 8 equal quarterly installments beginning on June 1, 2026; and (3) 88,960 reported RSUs which will vest 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.

Shares sold pursuant to an irrevocable election made on November 21, 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 the transactions reported herein, the total reported in column 5 includes: (1) 10,158 reported RSUs which vest in 4 equal quarterly installments beginning on June 1, 2026; (2) 27,562 reported RSUs which vest in 8 equal quarterly installments beginning on June 1, 2026; and (3) 88,960 reported RSUs which will vest 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.

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) 28,442 reported RSUs of which vest in 4 equal quarterly installments beginning on June 1, 2026; (2) 59,362 reported RSUs which vest in 8 equal quarterly installments beginning on June 1, 2026; and (3) 82,117 reported RSUs of which will vest 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.

After giving effect to the transactions reported herein, the total reported in column 5 includes: (1)30,000 reported RSUs which vest in 4 equal quarterly installments beginning on June 1, 2026; (2) 15,034 reported RSUs which vest in 4 equal quarterly installments beginning on June 1, 2026; (3) 34,770 reported RSUs which vest in 8 equal quarterly installments beginning on June 1, 2026; (4) 61,188 reported RSUs which will vest in 11 equal quarterly installments beginning on April 1, 2026; (5) 218,978 reported RSUs which will vest in 12 equal quarterly installments beginning on June 1, 2026; (6) 546,448 newly granted RSUs of which 1/3 will vest on March 1, 2027 with the remaining RSUs vesting in 8 equal quarterly installments beginning on June 1, 2027.

Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.

After giving effect to the transactions reported herein, the total reported in column 5 includes: (1)30,000 reported RSUs which vest in 4 equal quarterly installments beginning on June 1, 2026; (2) 15,034 reported RSUs which vest in 4 equal quarterly installments beginning on June 1, 2026; (3) 34,770 reported RSUs which vest in 8 equal quarterly installments beginning on June 1, 2026; (4) 61,188 reported RSUs which will vest in 11 equal quarterly installments beginning on April 1, 2026; (5) 218,978 reported RSUs which will vest in 12 equal quarterly installments beginning on June 1, 2026; (6) 546,448 newly granted RSUs of which 1/3 will vest on March 1, 2027 with the remaining RSUs vesting in 8 equal quarterly installments beginning on June 1, 2027.

Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.

The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 12, 2025.

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.165 to $7.82 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 846,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

Shares of Class B Common Stock have no economic rights and each share entitles its holder to 10 votes per share. Each share of Class B Common Stock is exchangeable by the holder on a one-for-one basis for Class A Common Stock at any time and does not expire.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 846,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 12, 2025.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 846,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

Shares of Class B Common Stock have no economic rights and each share entitles its holder to 10 votes per share. Each share of Class B Common Stock is exchangeable by the holder on a one-for-one basis for Class A Common Stock at any time and does not expire.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 886,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 5, 2025.

The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.505 to $10.90 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

After giving effect to the transaction reported herein, the total reported in column 5 includes: (1) 3,750 reported RSUs which vest in 1 quarterly installment on March 1, 2026; (2) 37,500 reported RSUs which vest in 5 equal quarterly installments beginning on March 1, 2026; (3) 18,793 reported RSUs which vest in 5 equal quarterly installments beginning on March 1, 2026; (4) 39,116 reported RSUs which vest in 9 equal quarterly installments beginning on March 1, 2026; (5) 61,188 reported RSUs which will vest in 11 equal quarterly installments beginning on April 1, 2026; and (6) 291,970 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.

The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 12, 2025.

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.50 to $10.90 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 886,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on September 12, 2025.

After giving effect to the transactions reported herein, this represents (i) 7,417 shares of Class A common stock and 886,190 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.

After giving effect to the transaction reported herein, the total reported in column 5 includes: (1) 3,750 reported RSUs which vest in 1 quarterly installment on March 1, 2026; (2) 37,500 reported RSUs which vest in 5 equal quarterly installments beginning on March 1, 2026; (3) 18,793 reported RSUs which vest in 5 equal quarterly installments beginning on March 1, 2026; (4) 39,116 reported RSUs which vest in 9 equal quarterly installments beginning on March 1, 2026; (5) 61,188 reported RSUs which will vest in 11 equal quarterly installments beginning on April 1, 2026; and (6) 291,970 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.

The transactions reported in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on August 21, 2025.

The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.99 to $11.47 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

After giving effect to the transaction reported herein, the total reported in column 5 includes: (1) 1,026 reported restricted stock units ("RSUs") which vest in 1 quarterly installments on March 1, 2026; (2) 5,080 reported RSUs which vest in 5 equal quarterly installments beginning on March 1, 2026; (3) 3,816 reported RSUs which vest in 9 equal quarterly installments beginning on March 1, 2025; and (4) 8,298 reported RSUs, which were granted on May 22, 2025, and will vest on the earlier of (i) the day immediately preceding the date of the Issuer's first annual meeting of stockholders following the grant date or (ii) May 22, 2026, the first anniversary of the grant date. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.