Ryan Paul Barretto - Sep 4, 2024 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 4, 2024
Transactions value $
-$388,948
Form type
4
Date filed
9/5/2024, 06:10 PM
Previous filing
Jul 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Sale -$389K -13.3K -2.75% $29.23 471K Sep 4, 2024 Direct F1, F2, F3
holding SPT Class A Common Stock 187K Sep 4, 2024 See Footnote F4
* 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, this represents: (1) 7,500 reported RSUs which vest in 1 installment on December 1, 2024; (2) 7,500 reported RSUs which vest in 2 equal quarterly installments beginning on December 1, 2024; (3) 30,000 reported RSUs which vest in 4 equal quarterly installments beginning on December 1, 2024; (4) 22,500 reported RSUs which vest in 6 equal quarterly installments beginning on December 1, 2024; (5) 75,000 reported RSUs which vest in 10 equal quarterly installments beginning on December 1, 2024; (6) 37,585 reported RSUs which vest in 10 equal quarterly installments beginning on December 1, 2024; and (7) 69,538 reported RSUs of which 25% will vest on March 1, 2025 with the remaining RSUs vesting in 12 equal quarterly installments beginning on June 1, 2025.
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 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) 126,975 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto Revocable Trust, of which Mr. Barretto serves as the sole trustee.