Aaron E. F. Rankin - Dec 2, 2022 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Signature
/s/ Heidi Jonas, Attorney-in-fact for Aaron E.F. Rankin
Stock symbol
SPT
Transactions as of
Dec 2, 2022
Transactions value $
-$51,225
Form type
4
Date filed
12/5/2022, 03:51 PM
Previous filing
Nov 16, 2022
Next filing
Dec 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Sale -$51.2K -871 -2.72% $58.81 31.1K Dec 2, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares sold pursuant to an irrevocable election made in conformity with the requirements of Rule 10b5-1 for the purpose of covering tax obligations upon settlement of restricted stock units.
F2 This total reported in column 5 includes: (1) 6,887 reported Restricted Stock Units ("RSUs") which vest in 5 equal quarterly installments beginning on March 1, 2023; (2) 5,538 reported RSUs which vest in 9 equal quarterly installments beginning on March 1, 2023; and (3) 16,411 reported RSUs of which 25% vest on March 1, 2023 with the remaining RSUs vesting in 12 equal quarterly installments beginning on June 1, 2023. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.