Joseph Del - Jul 14, 2021 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Signature
/s/ Heidi Jonas, Attorney-in-fact for Joseph Del Preto
Stock symbol
SPT
Transactions as of
Jul 14, 2021
Transactions value $
-$261,572
Form type
4
Date filed
7/15/2021, 04:36 PM
Previous filing
Jul 6, 2021
Next filing
Aug 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Sale -$75.7K -900 -0.71% $84.06 126K Jul 14, 2021 Direct F1, F2
transaction SPT Class A Common Stock Sale -$8.59K -100 -0.08% $85.94 126K Jul 14, 2021 Direct F2
transaction SPT Class A Common Stock Sale -$43.9K -500 -0.4% $87.87 126K Jul 14, 2021 Direct F2, F3
transaction SPT Class A Common Stock Sale -$133K -1.5K -1.19% $88.93 124K Jul 14, 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.69 to $84.48 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.
F2 The total reported in column 5 includes: (1) 22,726 reported Restricted Stock Units ("RSUs"), which vest in 11 equal quarterly installments beginning on September 1, 2021, and do not expire; (2) 5,000 reported RSUs which vest on July 24, 2021 and expire July 24, 2024; (3) 29,167 reported RSUs which vest in 28 equal monthly installments beginning on July 29, 2021 and do not expire; and (4) 14,767 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 and do not expire. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.47 to $88.30 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 in this Form 4 occurred under a 10b5-1 plan.