Ryan Paul Barretto - Mar 2, 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
Mar 2, 2022
Transactions value $
-$700,637
Form type
4
Date filed
3/3/2022, 03:32 PM
Previous filing
Feb 22, 2022
Next filing
Mar 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Sale -$701K -10.5K -2.72% $66.74 376K Mar 2, 2022 Direct F1, F2
holding SPT Class A Common Stock 326K Mar 2, 2022 See footnote F3
* 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 The total reported in Column 5 includes: (1) 50,625 reported Restricted Stock Units ("RSUs") which vest in 9 equal quarterly installments beginning on June 1, 2022; (2) 82,500 reported RSUs, which will vest in 11 equal quarterly installments beginning on June 1, 2022; (3) 45,000 reported RSUs, which vest 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 reported 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.
F3 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.