Aaron E. F. Rankin - Feb 18, 2022 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Signature
/s/ Heidi Jonas, Attorney-in-fact for Aaron E.F. Rankin
Stock symbol
SPT
Transactions as of
Feb 18, 2022
Transactions value $
-$1,743,563
Form type
4
Date filed
2/22/2022, 03:41 PM
Previous filing
Jan 21, 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 +16.4K +59.33% $0.00 44.1K Feb 18, 2022 Direct F1
transaction SPT Class A Common Stock Conversion of derivative security $0 +32K $0.00 32K Feb 18, 2022 See footnote F2
transaction SPT Class A Common Stock Sale -$355K -6.72K -20.98% $52.82 25.3K Feb 18, 2022 See footnote F2, F3, F4
transaction SPT Class A Common Stock Sale -$382K -7.1K -28.08% $53.81 18.2K Feb 18, 2022 See footnote F2, F3, F5
transaction SPT Class A Common Stock Sale -$208K -3.8K -20.9% $54.74 14.4K Feb 18, 2022 See footnote F2, F3, F6
transaction SPT Class A Common Stock Sale -$89.7K -1.61K -11.18% $55.80 12.8K Feb 18, 2022 See footnote F2, F3, F7
transaction SPT Class A Common Stock Sale -$142K -2.49K -19.46% $57.12 10.3K Feb 18, 2022 See footnote F2, F3, F8
transaction SPT Class A Common Stock Sale -$86.3K -1.49K -14.5% $57.82 8.8K Feb 18, 2022 See footnote F2, F3, F9
transaction SPT Class A Common Stock Sale -$17.7K -300 -3.41% $59.01 8.5K Feb 18, 2022 See footnote F2, F3, F10
transaction SPT Class A Common Stock Sale -$129K -2.45K -28.81% $52.82 6.05K Feb 18, 2022 See footnote F2, F3, F11
transaction SPT Class A Common Stock Sale -$143K -2.65K -43.79% $53.84 3.4K Feb 18, 2022 See footnote F2, F3, F12
transaction SPT Class A Common Stock Sale -$76.9K -1.4K -41.19% $54.88 2K Feb 18, 2022 See footnote F2, F3, F13
transaction SPT Class A Common Stock Sale -$27.9K -500 -25% $55.87 1.5K Feb 18, 2022 See footnote F2, F3, F14
transaction SPT Class A Common Stock Sale -$63K -1.1K -73.33% $57.29 400 Feb 18, 2022 See footnote F2, F3, F15
transaction SPT Class A Common Stock Sale -$23.3K -400 -100% $58.36 0 Feb 18, 2022 See footnote F3, F16

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 -32K -1.01% $0.00 3.14M Feb 18, 2022 Class A Common Stock 32K See footnote F2, F17
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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; (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; and (3) 16,411 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 and does not expire.
F10 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.78 to $59.13 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 $52.35 to $53.21 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 $53.40 to $54.37 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 $54.47 to $55.45 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 $55.48 to $56.14 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.
F15 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.94 to $57.77 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.
F16 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.00 to $58.93 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 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.
F2 Following the transactions reported herein, this represents (i) 862,738 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) 1,030,001 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.
F3 This transaction occurred under a 10b5-1 plan.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.35 to $53.34 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 $53.37 to $54.34 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 $54.37 to $55.35 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 $55.45 to $56.31 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 $56.52 to $57.50 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 $57.54 to $58.11 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.