Ryan Paul Barretto - Feb 18, 2022 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Role: President
Signature: /s/ Heidi Jonas, Attorney-in-fact for Ryan Paul Barretto
Stock symbol: SPT
Transactions as of: Feb 18, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/22/2022, 03:40 PM
Previous filing: Feb 4, 2022
Next filing: Mar 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPT	Class A Common Stock	Award	$0	+60K	+18.39%	$0.00	386K	Feb 18, 2022	Direct	F1
holding	SPT	Class A Common Stock						326K	Feb 18, 2022	See footnote	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The total reported in Column 5 includes: (1) 56,250 reported Restricted Stock Units ("RSUs") which will vest in 10 equal quarterly installments beginning on March 1, 2022; (2) 90,000 reported RSUs, which will vest in 12 equal quarterly installments beginning on March 1, 2022; (3) 60,000 reported RSUs of which 25% will vest on March 1, 2022, with the remaining portion vesting in 12 equal quarterly installments beginning on June 1, 2022; (4) 120,000 reported RSUs, of which 25% will vest on September 1, 2022, with the remaining portion vesting in 12 equal quarterly installments beginning on December 1, 2022; and (5) 60,000 newly granted RSUs of which 25% will vest on March 1, 2023, with the remaining portion 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 and does not expire.
F2	This represents (i) 60,000 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto 2020 Gift Trust, of which Mr. Barretto's spouse is the sole trustee; and (ii) 266,148 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto Revocable Trust, of which Mr. Barretto serves as the sole trustee.

Content

The total reported in Column 5 includes: (1) 56,250 reported Restricted Stock Units ("RSUs") which will vest in 10 equal quarterly installments beginning on March 1, 2022; (2) 90,000 reported RSUs, which will vest in 12 equal quarterly installments beginning on March 1, 2022; (3) 60,000 reported RSUs of which 25% will vest on March 1, 2022, with the remaining portion vesting in 12 equal quarterly installments beginning on June 1, 2022; (4) 120,000 reported RSUs, of which 25% will vest on September 1, 2022, with the remaining portion vesting in 12 equal quarterly installments beginning on December 1, 2022; and (5) 60,000 newly granted RSUs of which 25% will vest on March 1, 2023, with the remaining portion 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 and does not expire.

This represents (i) 60,000 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto 2020 Gift Trust, of which Mr. Barretto's spouse is the sole trustee; and (ii) 266,148 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto Revocable Trust, of which Mr. Barretto serves as the sole trustee.