Rankin Aaron Edward Frederick - 02 Mar 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
Issuer symbol: SPT
Transactions as of: 02 Mar 2023
Net transactions value: -$156,908
Form type: 4
Filing time: 03 Mar 2023, 15:06:13 UTC
Previous filing: 14 Feb 2023
Next filing: 15 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPT	Class A Common Stock	Sale	$156,908	-2,556	-8.2%	$61.39	28,559	02 Mar 2023	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) 5,509 reported Restricted Stock Units ("RSUs") which vest in 4 equal quarterly installments beginning on June 1, 2023; (2) 4,922 reported RSUs which vest in 8 equal quarterly installments beginning on June 1, 2023; and (3) 12,308 reported RSUs which vest 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.

Content

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.

This total reported in column 5 includes: (1) 5,509 reported Restricted Stock Units ("RSUs") which vest in 4 equal quarterly installments beginning on June 1, 2023; (2) 4,922 reported RSUs which vest in 8 equal quarterly installments beginning on June 1, 2023; and (3) 12,308 reported RSUs which vest 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.