Joseph Del - Oct 7, 2024 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: Oct 7, 2024
Transactions value $: -$42,411
Form type: 4
Date filed: 10/8/2024, 04:30 PM
Previous filing: Sep 5, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPT	Class A Common Stock	Sale	-$42.4K	-1.5K	-0.94%	$28.27	159K	Oct 7, 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.96 to $28.53 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.
F2	The total reported in column 5 includes: (1) 1,846 reported restricted stock units ("RSUs") which vest in 2 equal quarterly installments beginning on December 1, 2024; (2) 13,147 reported RSUs which vest in 6 equal quarterly installments beginning on December 1, 2024; (3) 25,396 reported RSUs which vest in 10 equal quarterly installments beginning on December 1, 2024; and (4) 55,122 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

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.96 to $28.53 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.

The total reported in column 5 includes: (1) 1,846 reported restricted stock units ("RSUs") which vest in 2 equal quarterly installments beginning on December 1, 2024; (2) 13,147 reported RSUs which vest in 6 equal quarterly installments beginning on December 1, 2024; (3) 25,396 reported RSUs which vest in 10 equal quarterly installments beginning on December 1, 2024; and (4) 55,122 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.

Remarks:

The transaction in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on August 16, 2023.