Joseph del Preto - 03 Oct 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: 03 Oct 2023
Net transactions value: -$23,065
Form type: 4
Filing time: 04 Oct 2023, 17:51:52 UTC
Previous filing: 06 Sep 2023
Next filing: 03 Nov 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	$23,065	-479	-0.35%	$48.15	134,630	03 Oct 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) 1,042 reported RSUs which vest in 1 monthly installment on October 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) 1,042 reported RSUs which vest in 1 monthly installment on October 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.