Joseph del Preto - 02 Feb 2023 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Signature
/s/ Heidi Jonas, Attorney-in-fact for Joseph Del Preto
Issuer symbol
SPT
Transactions as of
02 Feb 2023
Net transactions value
-$125,369
Form type
4
Filing time
06 Feb 2023, 15:53:34 UTC
Previous filing
06 Jan 2023
Next filing
03 Mar 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Sale $30,929 -443 -0.38% $69.82 117,069 02 Feb 2023 Direct F1, F2
transaction SPT Class A Common Stock Sale $94,440 -1,500 -1.3% $62.96 115,569 06 Feb 2023 Direct F2, F3
* 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 The total reported in column 5 includes: (1) 10,330 reported Restricted Stock Units ("RSUs"), which vest in 5 equal quarterly installments beginning on March 1, 2023; (2) 9,375 reported RSUs which vest in 9 equal monthly installments beginning on February 29, 2023; (3) 8,306 which vest in 9 equal quarterly installments beginning on March 1, 2023; and (4) 35,059 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 and do not expire. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.
F3 This transaction occurred under a 10b5-1 plan.