diff --git a/analytics/tests/test_views.py b/analytics/tests/test_views.py
index cac37f4b03..77808860d9 100644
--- a/analytics/tests/test_views.py
+++ b/analytics/tests/test_views.py
@@ -941,7 +941,7 @@ class TestSupportEndpoint(ZulipTestCase):
 
     def test_approve_sponsorship(self) -> None:
         lear_realm = get_realm("lear")
-        update_sponsorship_status(lear_realm, True)
+        update_sponsorship_status(lear_realm, True, acting_user=None)
         king_user = self.lear_user("king")
         king_user.role = UserProfile.ROLE_REALM_OWNER
         king_user.save()
diff --git a/analytics/views.py b/analytics/views.py
index e82fac72ea..d5bd20bd43 100644
--- a/analytics/views.py
+++ b/analytics/views.py
@@ -1334,10 +1334,10 @@ def support(request: HttpRequest) -> HttpResponse:
         elif request.POST.get("sponsorship_pending", None) is not None:
             sponsorship_pending = request.POST.get("sponsorship_pending")
             if sponsorship_pending == "true":
-                update_sponsorship_status(realm, True)
+                update_sponsorship_status(realm, True, acting_user=request.user)
                 context["success_message"] = f"{realm.string_id} marked as pending sponsorship."
             elif sponsorship_pending == "false":
-                update_sponsorship_status(realm, False)
+                update_sponsorship_status(realm, False, acting_user=request.user)
                 context["success_message"] = f"{realm.string_id} is no longer pending sponsorship."
         elif request.POST.get("approve_sponsorship") is not None:
             if request.POST.get("approve_sponsorship") == "approve_sponsorship":
diff --git a/corporate/lib/stripe.py b/corporate/lib/stripe.py
index c157936f8a..3dc895d805 100644
--- a/corporate/lib/stripe.py
+++ b/corporate/lib/stripe.py
@@ -761,10 +761,21 @@ def attach_discount_to_realm(
     )
 
 
-def update_sponsorship_status(realm: Realm, sponsorship_pending: bool) -> None:
+def update_sponsorship_status(
+    realm: Realm, sponsorship_pending: bool, *, acting_user: Optional[UserProfile]
+) -> None:
     customer, _ = Customer.objects.get_or_create(realm=realm)
     customer.sponsorship_pending = sponsorship_pending
     customer.save(update_fields=["sponsorship_pending"])
+    RealmAuditLog.objects.create(
+        realm=realm,
+        acting_user=acting_user,
+        event_type=RealmAuditLog.REALM_SPONSORSHIP_PENDING_STATUS_CHANGED,
+        event_time=timezone_now(),
+        extra_data={
+            "sponsorship_pending": sponsorship_pending,
+        },
+    )
 
 
 def approve_sponsorship(realm: Realm, *, acting_user: Optional[UserProfile]) -> None:
diff --git a/corporate/tests/test_stripe.py b/corporate/tests/test_stripe.py
index 0ea0f33aca..a4c2d6b3b1 100644
--- a/corporate/tests/test_stripe.py
+++ b/corporate/tests/test_stripe.py
@@ -44,6 +44,7 @@ from corporate.lib.stripe import (
     update_license_ledger_for_automanaged_plan,
     update_license_ledger_if_needed,
     update_or_create_stripe_customer,
+    update_sponsorship_status,
     void_all_open_invoices,
 )
 from corporate.models import (
@@ -1668,6 +1669,20 @@ class StripeTest(StripeTestCase):
         self.assertEqual(message.recipient.type, Recipient.PERSONAL)
         self.assertEqual(message.recipient_id, recipient_id)
 
+    def test_update_sponsorship_status(self) -> None:
+        lear = get_realm("lear")
+        iago = self.example_user("iago")
+        update_sponsorship_status(lear, True, acting_user=iago)
+        customer = get_customer_by_realm(realm=lear)
+        assert customer is not None
+        self.assertTrue(customer.sponsorship_pending)
+        realm_audit_log = RealmAuditLog.objects.filter(
+            event_type=RealmAuditLog.REALM_SPONSORSHIP_PENDING_STATUS_CHANGED
+        ).last()
+        expected_extra_data = {"sponsorship_pending": True}
+        self.assertEqual(realm_audit_log.extra_data, str(expected_extra_data))
+        self.assertEqual(realm_audit_log.acting_user, iago)
+
     def test_get_discount_for_realm(self) -> None:
         user = self.example_user("hamlet")
         self.assertEqual(get_discount_for_realm(user.realm), None)
diff --git a/corporate/views.py b/corporate/views.py
index 41235fd5c3..69ef140315 100644
--- a/corporate/views.py
+++ b/corporate/views.py
@@ -265,7 +265,7 @@ def sponsorship(
         context=context,
     )
 
-    update_sponsorship_status(realm, True)
+    update_sponsorship_status(realm, True, acting_user=user)
     user.is_billing_admin = True
     user.save(update_fields=["is_billing_admin"])
 
diff --git a/zerver/models.py b/zerver/models.py
index bc1cf53104..764edd3b7a 100644
--- a/zerver/models.py
+++ b/zerver/models.py
@@ -3191,6 +3191,7 @@ class AbstractRealmAuditLog(models.Model):
     REALM_SPONSORSHIP_APPROVED = 210
     REALM_BILLING_METHOD_CHANGED = 211
     REALM_REACTIVATION_EMAIL_SENT = 212
+    REALM_SPONSORSHIP_PENDING_STATUS_CHANGED = 213
 
     SUBSCRIPTION_CREATED = 301
     SUBSCRIPTION_ACTIVATED = 302