Jamie C. Gilpin - 17 Feb 2022 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Role: Chief Marketing Officer
Signature: /s/ Heidi Jonas, Attorney-in-fact for Jamie C. Gilpin
Issuer symbol: SPT
Transactions as of: 17 Feb 2022
Net transactions value: -$84,514
Form type: 4
Filing time: 22 Feb 2022, 15:40:24 UTC
Previous filing: 20 Jan 2022
Next filing: 03 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPT	Class A Common Stock	Sale	$84,514	-1,278	-1.4%	$66.13	93,216	17 Feb 2022	Direct	F1, F2
transaction	SPT	Class A Common Stock	Award	$0	+10,443	+11%	$0.000000	103,659	18 Feb 2022	Direct	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	Following the transactions reported herein, the total in column 5 includes: (1) 8,677 reported Restricted Stock Units ("RSUs") which vest in 9 equal quarterly installments beginning on March 1, 2022 and do not expire; (2) 6,042 reported RSUs which vest in 2 monthly installments beginning on March 16, 2022, and expire on April 16, 2025; (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; and (4) 10,443 newly granted RSUs of which 25% vest on March 1, 2023 with the remaining RSUs vesting in 12 equal quarterly installments beginning on June 1, 2023. 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.

Following the transactions reported herein, the total in column 5 includes: (1) 8,677 reported Restricted Stock Units ("RSUs") which vest in 9 equal quarterly installments beginning on March 1, 2022 and do not expire; (2) 6,042 reported RSUs which vest in 2 monthly installments beginning on March 16, 2022, and expire on April 16, 2025; (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; and (4) 10,443 newly granted RSUs of which 25% vest on March 1, 2023 with the remaining RSUs vesting in 12 equal quarterly installments beginning on June 1, 2023. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer.