Rankin Aaron Edward Frederick - 02 Mar 2022 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Role: Chief Technology Officer, Director, 10%+ Owner
Signature: /s/ Heidi Jonas, Attorney-in-fact for Aaron E.F. Rankin
Issuer symbol: SPT
Transactions as of: 02 Mar 2022
Net transactions value: -$111,322
Form type: 4
Filing time: 03 Mar 2022, 15:32:28 UTC
Previous filing: 22 Feb 2022
Next filing: 21 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	$111,322	-1,668	-3.8%	$66.74	42,403	02 Mar 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	This total reported in column 5 includes: (1) 11,018 reported Restricted Stock Units ("RSUs") which vest in 8 equal quarterly installments beginning on June 1, 2022; (2) 7,384 reported RSUs which vest in 12 equal quarterly installments beginning on June 1, 2022; and (3) 16,411 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 and does not expire.

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.

This total reported in column 5 includes: (1) 11,018 reported Restricted Stock Units ("RSUs") which vest in 8 equal quarterly installments beginning on June 1, 2022; (2) 7,384 reported RSUs which vest in 12 equal quarterly installments beginning on June 1, 2022; and (3) 16,411 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 and does not expire.