Joseph Del - Sep 5, 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
Stock symbol: SPT
Transactions as of: Sep 5, 2023
Transactions value $: -$146,084
Form type: 4
Date filed: 9/6/2023, 05:02 PM
Previous filing: Aug 8, 2023
Next filing: Oct 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPT	Class A Common Stock	Sale	-$146K	-2.78K	-2.01%	$52.62	135K	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) 4,132 reported RSUs, which vest in 2 equal quarterly installments beginning on December 1, 2023; (2) 2,084 reported RSUs which vest in 2 equal monthly installments beginning on September 29, 2023; (3) 5,538 reported RSUs which vest in 6 equal quarterly installments beginning on December 1, 2023; (4) 21,912 reported RSUs which vest in 10 equal quarterly installments beginning on December 1, 2023; and (5) 40,631 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) 4,132 reported RSUs, which vest in 2 equal quarterly installments beginning on December 1, 2023; (2) 2,084 reported RSUs which vest in 2 equal monthly installments beginning on September 29, 2023; (3) 5,538 reported RSUs which vest in 6 equal quarterly installments beginning on December 1, 2023; (4) 21,912 reported RSUs which vest in 10 equal quarterly installments beginning on December 1, 2023; and (5) 40,631 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.