Ryan Paul Barretto - Mar 29, 2023 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Role
President
Signature
/s/ Heidi Jonas, Attorney-in-fact for Ryan Paul Barretto
Stock symbol
SPT
Transactions as of
Mar 29, 2023
Transactions value $
$0
Form type
4
Date filed
3/31/2023, 04:02 PM
Previous filing
Mar 6, 2023
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Award $0 +180K +57.94% $0.00 491K Mar 29, 2023 Direct F1, F2
holding SPT Class A Common Stock 271K Mar 29, 2023 See Footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The total reported in Column 5 includes: (1) 28,125 reported Restricted Stock Units ("RSUs") which vest in 5 equal quarterly installments beginning on June 1, 2023; (2) 52,500 reported RSUs which vest in 7 equal quarterly installments beginning on June 1, 2023; (3) 30,000 reported RSUs which vest in 8 equal quarterly installments beginning on June 1, 2023; (4) 75,000 reported RSUs which vest in 10 equal quarterly installments beginning on June 1, 2023; (5) 45,000 reported RSUs which vest in 12 equal quarterly installments beginning on June 1, 2023; (6) 120,000 newly granted RSUs, of which 25% will vest on March 1, 2024, with the remaining portion vesting in 12 equal quarterly installments beginning on June 1, 2024; and (7) 60,134 newly granted RSUs, of which 25% will vest on March 1, 2024, with the remaining portion vesting in 12 equal quarterly installments beginning on June 1, 2024.
F2 Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.
F3 The total reported in Column 5 includes: (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) 210,975 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto Revocable Trust, of which Mr. Barretto serves as the sole trustee.