Rankin Aaron Edward Frederick - 22 Nov 2021 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Signature
/s/ Heidi Jonas, Attorney-in-fact for Aaron E.F. Rankin
Issuer symbol
SPT
Transactions as of
22 Nov 2021
Net transactions value
-$3,691,051
Form type
4
Filing time
23 Nov 2021, 16:30:47 UTC
Previous filing
21 Oct 2021
Next filing
14 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Conversion of derivative security $0 +32,000 $0.000000 32,000 22 Nov 2021 See footnote F1
transaction SPT Class A Common Stock Sale $195,606 -1,785 -5.6% $109.58 30,215 22 Nov 2021 See footnote F1, F2
transaction SPT Class A Common Stock Sale $44,497 -400 -1.3% $111.24 29,815 22 Nov 2021 See footnote F1, F3
transaction SPT Class A Common Stock Sale $249,792 -2,203 -7.4% $113.39 27,612 22 Nov 2021 See footnote F1, F4
transaction SPT Class A Common Stock Sale $45,738 -400 -1.4% $114.34 27,212 22 Nov 2021 See footnote F1, F5
transaction SPT Class A Common Stock Sale $92,326 -800 -2.9% $115.41 26,412 22 Nov 2021 See footnote F1, F6
transaction SPT Class A Common Stock Sale $46,494 -400 -1.5% $116.24 26,012 22 Nov 2021 See footnote F1, F7
transaction SPT Class A Common Stock Sale $47,226 -400 -1.5% $118.06 25,612 22 Nov 2021 See footnote F1, F8
transaction SPT Class A Common Stock Sale $25,282 -212 -0.83% $119.25 25,400 22 Nov 2021 See footnote F1, F9
transaction SPT Class A Common Stock Sale $60,579 -500 -2% $121.16 24,900 22 Nov 2021 See footnote F1, F10
transaction SPT Class A Common Stock Sale $85,546 -700 -2.8% $122.21 24,200 22 Nov 2021 See footnote F1, F11
transaction SPT Class A Common Stock Sale $36,960 -300 -1.2% $123.20 23,900 22 Nov 2021 See footnote F1, F12
transaction SPT Class A Common Stock Sale $37,678 -300 -1.3% $125.59 23,600 22 Nov 2021 See footnote F1, F13
transaction SPT Class A Common Stock Sale $12,786 -100 -0.42% $127.86 23,500 22 Nov 2021 See footnote F1
transaction SPT Class A Common Stock Sale $551,322 -5,031 -21% $109.58 18,469 22 Nov 2021 See footnote F1, F14
transaction SPT Class A Common Stock Sale $111,224 -1,000 -5.4% $111.22 17,469 22 Nov 2021 See footnote F1, F15
transaction SPT Class A Common Stock Sale $33,659 -300 -1.7% $112.20 17,169 22 Nov 2021 See footnote F1, F16
transaction SPT Class A Common Stock Sale $582,856 -5,143 -30% $113.33 12,026 22 Nov 2021 See footnote F1, F17
transaction SPT Class A Common Stock Sale $206,979 -1,813 -15% $114.16 10,213 22 Nov 2021 See footnote F1, F18
transaction SPT Class A Common Stock Sale $204,574 -1,774 -17% $115.32 8,439 22 Nov 2021 See footnote F1, F19
transaction SPT Class A Common Stock Sale $127,807 -1,100 -13% $116.19 7,339 22 Nov 2021 See footnote F1, F20
transaction SPT Class A Common Stock Sale $176,428 -1,500 -20% $117.62 5,839 22 Nov 2021 See footnote F1, F21
transaction SPT Class A Common Stock Sale $35,690 -301 -5.2% $118.57 5,538 22 Nov 2021 See footnote F1, F22
transaction SPT Class A Common Stock Sale $62,191 -520 -9.4% $119.60 5,018 22 Nov 2021 See footnote F1, F23
transaction SPT Class A Common Stock Sale $79,921 -660 -13% $121.09 4,358 22 Nov 2021 See footnote F1, F24
transaction SPT Class A Common Stock Sale $260,113 -2,129 -49% $122.18 2,229 22 Nov 2021 See footnote F1, F25
transaction SPT Class A Common Stock Sale $126,386 -1,029 -46% $122.82 1,200 22 Nov 2021 See footnote F1, F26
transaction SPT Class A Common Stock Sale $113,033 -900 -75% $125.59 300 22 Nov 2021 See footnote F1, F27
transaction SPT Class A Common Stock Sale $38,358 -300 -100% $127.86 0 22 Nov 2021 See footnote F1
holding SPT Class A Common Stock 28,243 22 Nov 2021 Direct F28

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPT Class B Common Stock Conversion of derivative security $0 -32,000 -0.97% $0.000000 3,259,701 22 Nov 2021 Class A Common Stock 32,000 See footnote F1, F29
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Following the transactions reported herein, this represents (i) 893,638 shares of Class B common stock held by the Aaron Edward Frederick Rankin Revocable Trust, of which Mr. Rankin serves as the sole trustee; (ii) 1,250,962 shares of Class B common stock held by the Rankin Family 2013 Trust, of which Yeming Shi Rankin, Mr. Rankin's spouse, serves as the sole trustee; and (iii) 1,115,101 shares of Class B common stock held by the Rankin Family 2013 Non-Exempt Trust, of which Yeming Shi Rankin serves as the sole trustee. Yeming Shi Rankin may be deemed to have sole voting and dispositive power with respect to the Class B common stock held by, each of the Rankin Family 2013 Trust and the Rankin Family 2013 Non-Exempt Trust.
F10 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.74 to $121.47 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.
F11 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $121.74 to $122.62 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.
F12 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.82 to $123.41 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.
F13 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.15 to $125.84 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.
F14 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $109.42 to $109.89 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.
F15 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.64 to $111.60 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.
F16 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.81 to $112.77 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.
F17 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $112.82 to $113.80 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.
F18 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.82 to $114.76 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.
F19 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $114.84 to $115.81 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $109.42 to $109.84 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.
F20 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.85 to $116.56 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.
F21 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.12 to $118.00 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.
F22 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $118.15 to $119.00 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.
F23 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $119.15 to $120.14 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.
F24 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.59 to $121.47 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.
F25 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $121.60 to $122.55 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.
F26 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.60 to $123.41 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.
F27 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.14 to $125.83 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.
F28 This total reported in column 5 includes: (1) 13,773 reported Restricted Stock Units ("RSUs") which vest in 10 equal quarterly installments beginning on December 1, 2021; and (2) 9,845 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 and does not expire.
F29 Shares of Class B Common Stock have no economic rights and each share entitles its holder to 10 votes per share. Each share of Class B Common Stock is exchangeable by the holder on a one-for-one basis for Class A Common Stock at any time 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 $110.65 to $111.52 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 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $112.89 to $113.87 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.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.93 to $114.84 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 $115.03 to $116.00 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 $116.15 to $116.47 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.
F8 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.63 to $118.59 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.
F9 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $118.63 to $119.43 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 disclosed in this form 4 occurred under a 10b5-1 plan.