Ryan Paul Barretto - 03 Jan 2023 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Role
President
Signature
/s/ Heidi Jonas, Attorney-in-fact for Ryan Paul Barretto
Issuer symbol
SPT
Transactions as of
03 Jan 2023
Net transactions value
-$317,887
Form type
4
Filing time
04 Jan 2023, 15:03:25 UTC
Previous filing
06 Dec 2022
Next filing
06 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Sale $66,694 -1,200 -0.42% $55.58 286,575 03 Jan 2023 See Footnote F1, F2
transaction SPT Class A Common Stock Sale $131,756 -2,326 -0.81% $56.64 284,249 03 Jan 2023 See Footnote F2, F3
transaction SPT Class A Common Stock Sale $107,761 -1,874 -0.66% $57.50 282,375 03 Jan 2023 See Footnote F2, F4
transaction SPT Class A Common Stock Sale $11,677 -200 -0.07% $58.38 282,175 03 Jan 2023 See Footnote F2, F5
holding SPT Class A Common Stock 325,767 03 Jan 2023 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.04 to $55.85 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.
F2 This amount represents: (i) 60,000 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto 2020 Gift Trust, of which Mr. Barretto's spouse is the sole trustee; and (ii) 222,175 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto Revocable Trust, of which Mr. Barretto serves as the sole trustee.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.11 to $57.08 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.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.11 to $57.97 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.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.38 to $58.39 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.
F6 The total reported in Column 5 includes: (1) 33,750 reported Restricted Stock Units ("RSUs") which vest in 6 equal quarterly installments beginning on March 1, 2023; (2) 60,000 reported RSUs, which will vest in 8 equal quarterly installments beginning on March 1, 2023; (3) 33,750 reported RSUs, which vest in 9 equal quarterly installments beginning on March 1, 2023; (4) 82,500 reported RSUs, which will vest in 11 equal quarterly installments beginning on March 1, 2023; and (5) 60,000 reported RSUs of which 25% will vest on March 1, 2023, with the remaining portion 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.

Remarks:

The transactions reported on this Form 4 occurred under a 10b5-1 plan.