Aaron E. F. Rankin - Dec 13, 2021 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Role: Chief Technology Officer, Director, 10%+ Owner
Signature: /s/ Heidi Jonas, Attorney-in-fact for Aaron E.F. Rankin
Stock symbol: SPT
Transactions as of: Dec 13, 2021
Transactions value $: -$55,094
Form type: 4
Date filed: 12/14/2021, 04:55 PM
Previous filing: Nov 23, 2021
Next filing: Dec 21, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPT	Class A Common Stock	Sale	-$55.1K	-583	-2.06%	$94.50	27.7K	Dec 13, 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	This total reported in column 5 includes: (1) 12,396 reported Restricted Stock Units ("RSUs") which vest in 9 equal quarterly installments beginning on March 1, 2022; 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.

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.

This total reported in column 5 includes: (1) 12,396 reported Restricted Stock Units ("RSUs") which vest in 9 equal quarterly installments beginning on March 1, 2022; 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.