Aaron E. F. Rankin - Sep 4, 2024 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Role: Director, 10%+ Owner
Signature: /s/ Heidi Jonas, Attorney-in-fact for Aaron E.F. Rankin
Stock symbol: SPT
Transactions as of: Sep 4, 2024
Transactions value $: -$34,522
Form type: 4
Date filed: 9/5/2024, 06:12 PM
Previous filing: Jun 6, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPT	Class A Common Stock	Sale	-$34.5K	-1.18K	-2.73%	$29.23	42.1K	Sep 4, 2024	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, this represents: (1) 1,231 reported reported RSUs which vest in 2 equal quarterly installments beginning on December 1, 2024; (2) 6,154 reported RSUs which vest in 6 equal quarterly installments beginning on December 1, 2024; (3) 10,159 reported RSUs which vest in 10 equal quarterly installments beginning on December 1, 2024; and (4) 6,784 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 . 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, this represents: (1) 1,231 reported reported RSUs which vest in 2 equal quarterly installments beginning on December 1, 2024; (2) 6,154 reported RSUs which vest in 6 equal quarterly installments beginning on December 1, 2024; (3) 10,159 reported RSUs which vest in 10 equal quarterly installments beginning on December 1, 2024; and (4) 6,784 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 . Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.