Karen Walker - Nov 8, 2021 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Role
Director
Signature
/s/ Heidi Jonas, Attorney-in-fact for Karen Walker
Stock symbol
SPT
Transactions as of
Nov 8, 2021
Transactions value $
-$1,973,201
Form type
4
Date filed
11/9/2021, 05:25 PM
Previous filing
Oct 7, 2021
Next filing
Nov 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Sale -$1.35M -10.3K -13.69% $131.28 64.6K Nov 8, 2021 Direct F1, F2
transaction SPT Class A Common Stock Sale -$628K -4.75K -7.35% $132.13 59.9K Nov 8, 2021 Direct F2, F3
holding SPT Class A Common Stock 23.9K Nov 8, 2021 See footnote F4
* 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 $130.88 to $131.82 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) 22,500 reported RSUs which vest in 9 equal monthly installments beginning on November 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 $131.91 to $132.55 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.
F4 This amount represents: (i) 7,974 shares of Issuer Class A Common Stock held by the Michael Alexander Walker 2021 Trust, of which Ms. Walker and her spouse serve as the trustees; (ii) 7,973 shares of Issuer Class A Common Stock held by the Alexander Brooke Walker 2021 Trust, of which Ms. Walker and her spouse serve as the trustees; and (iii) 7,973 shares of Issuer Class A Common Stock held by the Cameron Richard Walker 2021 Trust, of which Ms. Walker and her spouse serve as the trustees.