Ryan Paul Barretto - 01 Jun 2021 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Role
President
Signature
/s/ Heidi Jonas, Attorney-in-fact for Ryan Paul Barretto
Issuer symbol
SPT
Transactions as of
01 Jun 2021
Net transactions value
-$966,661
Form type
4
Filing time
03 Jun 2021, 16:31:28 UTC
Previous filing
06 Jul 2021
Next filing
03 Aug 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Sale $74,784 -1,100 -0.2% $67.98 545,345 01 Jun 2021 Direct F1, F2, F3
transaction SPT Class A Common Stock Sale $106,902 -1,545 -0.28% $69.19 543,800 01 Jun 2021 Direct F1, F3, F4
transaction SPT Class A Common Stock Sale $206,868 -2,955 -0.54% $70.01 540,845 01 Jun 2021 Direct F1, F3, F5
transaction SPT Class A Common Stock Sale $578,108 -8,359 -1.5% $69.16 532,486 02 Jun 2021 Direct F3, F6
holding SPT Class A Common Stock 60,000 01 Jun 2021 See footnote F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction occurred under a 10b5-1 plan.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.63 to $68.40 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.
F3 The total reported in Column 5 includes: (1) 67,500 reported Restricted Stock Units ("RSUs") which will vest in 12 equal quarterly installments beginning on September 1, 2021. (2) 120,000 reported RSUs, of which 25% will vest on December 1, 2021, with the remaining portion vesting in 12 equal quarterly installments beginning on March 1, 2022. (3) 60,000 reported RSUs of which 25% will vest on March 1, 2022, with the remaining portion vesting in 12 equal quarterly installments beginning on June 1, 2022. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.66 to $69.65 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.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.66 to $70.35 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.
F6 Shares sold pursuant to an irrevocable election made in conformity with the requirements of Rule 10b5-1 for the purpose of covering tax obligations upon settlement of restricted stock units issued under the Sprout Social, Inc. 2019 Incentive Award Plan.
F7 The total reported in Column 5 includes 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.