Aaron E. F. Rankin - Sep 5, 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: Sep 5, 2023
Transactions value $: -$70,727
Form type: 4
Date filed: 9/6/2023, 05:00 PM
Previous filing: Jul 18, 2023
Next filing: Nov 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPT	Class A Common Stock	Sale	-$70.7K	-1.34K	-3.08%	$52.62	42.3K	Sep 5, 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 on November 21, 2022, in conformity with the requirements of Rule 10b5-1 for the purpose of covering tax obligations upon settlement of restricted stock units ("RSUs").
F2	After giving effect to the transaction reported herein, the total reported in column 5 includes: (1) 2,755 reported RSUs which vest in 2 equal quarterly installments beginning on December 1, 2023; (2) 3,692 reported RSUs which vest in 6 equal quarterly installments beginning on December 1, 2023; (3) 10,257 reported RSUs which vest in 10 equal quarterly installments beginning on December 1, 2023; and (4) 16,253 reported RSUs of which 25% will vest on March 1, 2024 with the remaining RSUs vesting in 12 equal quarterly installments beginning on June 1, 2024. 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 on November 21, 2022, in conformity with the requirements of Rule 10b5-1 for the purpose of covering tax obligations upon settlement of restricted stock units ("RSUs").

After giving effect to the transaction reported herein, the total reported in column 5 includes: (1) 2,755 reported RSUs which vest in 2 equal quarterly installments beginning on December 1, 2023; (2) 3,692 reported RSUs which vest in 6 equal quarterly installments beginning on December 1, 2023; (3) 10,257 reported RSUs which vest in 10 equal quarterly installments beginning on December 1, 2023; and (4) 16,253 reported RSUs of which 25% will vest on March 1, 2024 with the remaining RSUs vesting in 12 equal quarterly installments beginning on June 1, 2024. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.