Ryan Paul Barretto - Feb 10, 2021 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Role
President
Signature
/s/ Heidi Jonas, Attorney-in-fact for Ryan Paul Barretto
Stock symbol
SPT
Transactions as of
Feb 10, 2021
Transactions value $
-$495,177
Form type
4
Date filed
7/6/2021, 09:38 PM
Next filing
Jun 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Gift $0 -76K -13.22% $0.00 499K Feb 10, 2021 Direct F1, F2
transaction SPT Class A Common Stock Gift $0 +76K +431.82% $0.00 93.6K Feb 10, 2021 See footnote F1, F3
transaction SPT Class A Common Stock Sale -$45.3K -508 -0.54% $89.11 93.1K Jul 1, 2021 See footnote F3, F4, F5
transaction SPT Class A Common Stock Sale -$398K -4.49K -4.83% $88.52 88.6K Jul 1, 2021 See footnote F3, F4, F6
transaction SPT Class A Common Stock Sale -$52.3K -600 -0.68% $87.15 88K Jul 1, 2021 See footnote F3, F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 10, 2021, the reporting person made a bona fide gift of 76,000 shares of Issuer Common Stock to the Ryan Paul Barretto Revocable Trust. This transaction is being reported on a voluntary basis pursuant to General Instruction 4(a) of SEC Form 4.
F2 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.
F3 Following the transactions reported herein, this represents (i) 28,000 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto Revocable Trust, of which Mr. Barretto serves as the sole trustee; and (ii) 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.
F4 This transaction occurred under a 10b5-1 plan.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.87 to $89.84 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 $87.83 to $88.80 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 $86.68 to $87.61 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.