Joseph Del - Dec 16, 2021 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Signature
/s/ Heidi Jonas, Attorney-in-fact for Joseph Del Preto
Stock symbol
SPT
Transactions as of
Dec 16, 2021
Transactions value $
-$167,782
Form type
4
Date filed
12/20/2021, 03:10 PM
Previous filing
Dec 3, 2021
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Sale -$55.3K -600 -0.55% $92.20 109K Dec 16, 2021 Direct F1, F2
transaction SPT Class A Common Stock Sale -$55.8K -600 -0.55% $93.01 108K Dec 16, 2021 Direct F2, F3
transaction SPT Class A Common Stock Sale -$37.6K -400 -0.37% $94.06 108K Dec 16, 2021 Direct F2, F4
transaction SPT Class A Common Stock Sale -$19K -200 -0.19% $95.17 107K Dec 16, 2021 Direct F2, F5
* 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 $91.62 to $92.51 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) 18,594 reported Restricted Stock Units ("RSUs"), which vest in 9 equal quarterly installments beginning on March 1, 2022; (2) 23,959 reported RSUs which vest in 23 equal monthly installments beginning on December 29, 2021; and (3) 14,767 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.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.64 to $93.25 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 $93.79 to $94.77 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.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.04 to $95.30 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 in this Form 4 occurred under a 10b5-1 plan.