Steven A. Collins - 05 Aug 2021 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Role
Director
Signature
/s/ Heidi Jonas, Attorney-in-fact for Steven A. Collins
Issuer symbol
SPT
Transactions as of
05 Aug 2021
Net transactions value
-$519,192
Form type
4
Filing time
05 Aug 2021, 16:26:35 UTC
Previous filing
23 Jul 2021
Next filing
09 Nov 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Sale $466,857 -4,500 -5.1% $103.75 84,314 05 Aug 2021 Direct F1, F2
transaction SPT Class A Common Stock Sale $52,334 -500 -0.59% $104.67 83,814 05 Aug 2021 Direct F2, F3
* 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 $103.50 to $104.35 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) 2,394 reported restricted stock units ("RSUs"), which will vest on the earlier of (i) the day immediately preceding the date of the first annual meeting of the Issuer's stockholders following the date of the grant and (ii) the first anniversary of the date of grant; and (2) 30,000 reported RSUs which vest in 12 equal monthly installments beginning on August 16, 2021. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.61 to $104.73 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.