Justyn R. Howard - Jun 7, 2021 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Signature
/s/ Heidi Jonas, Attorney-in-fact for Justyn R. Howard
Stock symbol
SPT
Transactions as of
Jun 7, 2021
Transactions value $
-$8,945,963
Form type
4
Date filed
6/8/2021, 09:00 PM
Previous filing
Jun 2, 2021
Next filing
Jul 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Conversion of derivative security $0 +50K $0.00 50K Jun 7, 2021 See footnote F1
transaction SPT Class A Common Stock Sale -$538K -7.45K -14.9% $72.23 42.6K Jun 7, 2021 See footnote F1, F2
transaction SPT Class A Common Stock Sale -$2.1M -28.8K -67.64% $73.13 13.8K Jun 7, 2021 See footnote F1, F3
transaction SPT Class A Common Stock Sale -$1.02M -13.8K -100% $73.81 0 Jun 7, 2021 See footnote F1, F4
transaction SPT Class A Common Stock Conversion of derivative security $0 +70K $0.00 70K Jun 8, 2021 See footnote F1
transaction SPT Class A Common Stock Sale -$620K -8.38K -11.97% $74.02 61.6K Jun 8, 2021 See footnote F1, F5
transaction SPT Class A Common Stock Sale -$640K -8.53K -13.83% $75.03 53.1K Jun 8, 2021 See footnote F1, F6
transaction SPT Class A Common Stock Sale -$2.44M -32.2K -60.62% $75.85 20.9K Jun 8, 2021 See footnote F1, F7
transaction SPT Class A Common Stock Sale -$69.7K -909 -4.35% $76.65 20K Jun 8, 2021 See footnote F1, F8
transaction SPT Class A Common Stock Sale -$222K -3K -15% $74.08 17K Jun 8, 2021 See footnote F1, F9, F10
transaction SPT Class A Common Stock Sale -$307K -4.08K -24.01% $75.14 12.9K Jun 8, 2021 See footnote F1, F9, F11
transaction SPT Class A Common Stock Sale -$599K -7.89K -61.06% $75.96 5.03K Jun 8, 2021 See footnote F1, F9, F12
transaction SPT Class A Common Stock Sale -$388K -5.03K -100% $77.08 0 Jun 8, 2021 See footnote F1, F9, F13
holding SPT Class A Common Stock 175K Jun 7, 2021 Direct F14

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPT Class B Common Stock Conversion of derivative security $0 -50K -1.64% $0.00 3.01M Jun 7, 2021 Class A Common Stock 50K See foonote F1, F15
transaction SPT Class B Common Stock Conversion of derivative security $0 -70K -2.33% $0.00 2.94M Jun 8, 2021 Class A Common Stock 70K See foonote F1, F15
holding SPT Class B Common Stock 519K Jun 7, 2021 Class A Common Stock 519K Direct F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Following the transactions reported herein, this represents (i) 2,181,471 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.
F10 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.53 to $74.52 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.
F11 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.56 to $75.55 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.
F12 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.57 to $76.47 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.
F13 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.61 to $77.53 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.
F14 The total reported in column 5 includes: (1) 90,903 reported Restricted Stock Units ("RSUs"), which vest in 11 equal quarterly installments beginning on September 1, 2021; and (2) 59,070 reported RSUs of which 25% will vest on March 1, 2022, with the remaining RSUs 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.
F15 Shares of Class B Common Stock have no economic rights and each share entitles its holder to 10 votes per share. Each share of Class B Common Stock is exchangeable by the holder on a one-for-one basis for Class A Common Stock at any time and does not expire.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $ 71.52 to $ 72.50 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $ 72.52 to $ 73.50 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.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.53 to $74.02 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 $73.42 to $74.42 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 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.42 to $75.41 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.
F7 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $ 75.42 to $ 76.42 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.
F8 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $ 76.44 to $ 77.03 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.
F9 This transaction occurred under a 10b5-1 plan.