Jamie C. Gilpin - 01 Jul 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
Issuer symbol
SPT
Transactions as of
01 Jul 2021
Net transactions value
-$441,973
Form type
4
Filing time
06 Jul 2021, 19:25:17 UTC
Previous filing
17 Jun 2021
Next filing
20 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Sale $43,410 -500 -0.46% $86.82 108,884 01 Jul 2021 Direct F1
transaction SPT Class A Common Stock Sale $395,806 -4,469 -4.1% $88.57 104,415 01 Jul 2021 Direct F1, F2
transaction SPT Class A Common Stock Sale $2,757 -31 -0.03% $88.94 104,384 01 Jul 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.

Remarks:

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