Aaron E. F. Rankin - Jan 11, 2023 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Role
Chief Technology Officer, Director, 10%+ Owner
Signature
/s/ Heidi Jonas, Attorney-in-fact for Aaron E.F. Rankin
Stock symbol
SPT
Transactions as of
Jan 11, 2023
Transactions value $
-$574,500
Form type
4
Date filed
1/13/2023, 03:30 PM
Previous filing
Dec 16, 2022
Next filing
Feb 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Conversion of derivative security $0 +4.5K $0.00 4.5K Jan 11, 2023 See footnote F1
transaction SPT Class A Common Stock Sale -$248K -4.5K -100% $55.00 0 Jan 11, 2023 See footnote F1
transaction SPT Class A Common Stock Conversion of derivative security $0 +5.45K $0.00 5.45K Jan 12, 2023 See footnote F1
transaction SPT Class A Common Stock Sale -$327K -5.45K -100% $60.00 0 Jan 12, 2023 See footnote F1
holding SPT Class A Common Stock 31.1K Jan 11, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPT Class B Common Stock Conversion of derivative security $0 -4.5K -0.16% $0.00 2.84M Jan 11, 2023 Class A Common Stock 4.5K See footnote F1, F3
transaction SPT Class B Common Stock Conversion of derivative security $0 -5.45K -0.19% $0.00 2.83M Jan 12, 2023 Class A Common Stock 5.45K See footnote F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Following the transactions reported herein, this represents (i) 749,762 shares of Class B common stock held by the Aaron Edward Frederick Rankin Revocable Trust, of which Mr. Rankin serves as the sole trustee; (ii) 1,250,962 shares of Class B common stock held by the Rankin Family 2013 Trust, of which Yeming Shi Rankin, Mr. Rankin's spouse, serves as the sole trustee; and (iii) 831,881 shares of Class B common stock held by the Rankin Family 2013 Non-Exempt Trust, of which Yeming Shi Rankin serves as the sole trustee. Yeming Shi Rankin may be deemed to have sole voting and dispositive power with respect to the Class B common stock held by, each of the Rankin Family 2013 Trust and the Rankin Family 2013 Non-Exempt Trust.
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.
F3 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.

Remarks:

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