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

Role: CFO and Treasurer
Signature: /s/ Heidi Jonas, Attorney-in-fact for Joseph Del Preto
Issuer symbol: SPT
Transactions as of: 02 Mar 2023
Net transactions value: -$317,867
Form type: 4
Filing time: 03 Mar 2023, 15:07:27 UTC
Previous filing: 06 Feb 2023
Next filing: 07 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	$317,867	-5,178	-4.5%	$61.39	110,391	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	The total reported in column 5 includes: (1) 8,264 reported Restricted Stock Units ("RSUs"), which vest in 4 equal quarterly installments beginning on June 1, 2023; (2) 8,334 reported RSUs which vest in 8 equal monthly installments beginning on March 29, 2023; (3) 7,383 reported RSUs which vest in 8 equal quarterly installments beginning on June 1, 2023; and (4) 26,294 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.

The total reported in column 5 includes: (1) 8,264 reported Restricted Stock Units ("RSUs"), which vest in 4 equal quarterly installments beginning on June 1, 2023; (2) 8,334 reported RSUs which vest in 8 equal monthly installments beginning on March 29, 2023; (3) 7,383 reported RSUs which vest in 8 equal quarterly installments beginning on June 1, 2023; and (4) 26,294 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.