Ryan Paul Barretto - Sep 5, 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
Sep 5, 2023
Transactions value $
-$879,526
Form type
4
Date filed
9/6/2023, 05:01 PM
Previous filing
Aug 7, 2023
Next filing
Nov 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Sale -$585K -11.1K -2.31% $52.62 470K Sep 5, 2023 Direct F1, F2, F3
transaction SPT Class A Common Stock Sale -$295K -5.6K -2.3% $52.66 237K Sep 5, 2023 See Footnote F4, F5, F6
* 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) 16,875 reported RSUs which vest in 3 equal quarterly installments beginning on December 1, 2023; (2) 37,500 reported RSUs which vest in 5 equal quarterly installments beginning on December 1, 2023; (3) 22,500 reported RSUs which vest in 6 equal quarterly installments beginning on December 1, 2023; (4) 60,000 reported RSUs which vest in 8 equal quarterly installments beginning on December 1, 2023; (5) 37,500 reported RSUs which vest in 10 equal quarterly installments beginning on December 1, 2023; (6) 120,000 reported 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 reported 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.
F3 Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.
F4 This transaction occurred under a 10b5-1 plan adopted by the Reporting Person on November 8, 2022.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.02 to $52.86 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 This amount represents: (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) 177,375 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto Revocable Trust, of which Mr. Barretto serves as the sole trustee.