Jamie C. Gilpin - Mar 2, 2022 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Signature
/s/ Heidi Jonas, Attorney-in-fact for Jamie C. Gilpin
Stock symbol
SPT
Transactions as of
Mar 2, 2022
Transactions value $
-$76,217
Form type
4
Date filed
3/3/2022, 03:32 PM
Previous filing
Feb 22, 2022
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Sale -$76.2K -1.14K -1.1% $66.74 103K Mar 2, 2022 Direct F1, 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) 7,713 reported Restricted Stock Units ("RSUs") which vest in 8 equal quarterly installments beginning on June 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) 5,168 reported RSUs which vest in 12 equal quarterly installments beginning on June 1, 2022; and (4) 10,443 reported 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.