Jamie C. Gilpin - Sep 2, 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: Sep 2, 2021
Transactions value $: -$49,427
Form type: 4
Date filed: 9/3/2021, 04:34 PM
Previous filing: Aug 18, 2021
Next filing: Sep 20, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPT	Class A Common Stock	Sale	-$49.4K	-401	-0.39%	$123.26	101K	Sep 2, 2021	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Shares sold pursuant to an irrevocable election made in conformity with the requirements of Rule 10b5-1 for the purpose of covering tax obligations upon settlement of restricted stock units.
F2	The total reported in Column 5 of Table I includes: (1) 9,641 reported Restricted Stock Units ("RSUs") which vest in 10 equal quarterly installments beginning on December 1, 2021 and do not expire; (2) 24,167 reported RSUs which vest in 8 monthly installments beginning on September 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.

Content

Shares sold pursuant to an irrevocable election made in conformity with the requirements of Rule 10b5-1 for the purpose of covering tax obligations upon settlement of restricted stock units.

The total reported in Column 5 of Table I includes: (1) 9,641 reported Restricted Stock Units ("RSUs") which vest in 10 equal quarterly installments beginning on December 1, 2021 and do not expire; (2) 24,167 reported RSUs which vest in 8 monthly installments beginning on September 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.