Jamie C. Gilpin - Jul 1, 2021 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Role: Chief Marketing Officer
Signature: /s/ Heidi Jonas, Attorney-in-fact for Jamie C. Gilpin
Stock symbol: SPT
Transactions as of: Jul 1, 2021
Transactions value $: -$441,973
Form type: 4
Date filed: 7/6/2021, 07:25 PM
Previous filing: Jun 17, 2021
Next filing: Jul 20, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPT	Class A Common Stock	Sale	-$43.4K	-500	-0.46%	$86.82	109K	Jul 1, 2021	Direct	F1
transaction	SPT	Class A Common Stock	Sale	-$396K	-4.47K	-4.1%	$88.57	104K	Jul 1, 2021	Direct	F1, F2
transaction	SPT	Class A Common Stock	Sale	-$2.76K	-31	-0.03%	$88.94	104K	Jul 1, 2021	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The total reported in Column 5 of Table I includes: (1) 10,605 reported Restricted Stock Units ("RSUs") which vest in 11 equal quarterly installments beginning on September 1, 2021 and do not expire; (2) 30,209 reported RSUs which vest in 10 monthly installments beginning on July 16, 2021, and expire on April 16, 2025; and (3) 6,891 reported RSUs of which 25% 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.
F2	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.94 to $88.93 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.

Content

The total reported in Column 5 of Table I includes: (1) 10,605 reported Restricted Stock Units ("RSUs") which vest in 11 equal quarterly installments beginning on September 1, 2021 and do not expire; (2) 30,209 reported RSUs which vest in 10 monthly installments beginning on July 16, 2021, and expire on April 16, 2025; and (3) 6,891 reported RSUs of which 25% 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.

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.94 to $88.93 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.

Remarks:

The transactions disclosed in this form 4 occurred under a 10b5-1 plan.