Ryan Paul Barretto - 07 Mar 2022 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Role
President
Signature
/s/ Heidi Jonas, Attorney-in-fact for Ryan Paul Barretto
Issuer symbol
SPT
Transactions as of
07 Mar 2022
Net transactions value
$0
Form type
4
Filing time
07 Mar 2022, 15:10:15 UTC
Previous filing
04 Mar 2022
Next filing
05 Apr 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Gift $0 -17,627 -4.7% $0.000000 358,125 07 Mar 2022 Direct F1, F2
transaction SPT Class A Common Stock Gift $0 +17,627 +5.5% $0.000000 338,175 07 Mar 2022 See footnote F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 7, 2022, the reporting person made a bona fide gift of 17,627 shares of Issuer Common Stock to the Ryan Paul Barretto Revocable Trust. This transaction is being reported on a voluntary basis pursuant to General Instruction 4(a) of SEC Form 4.
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 12equal 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 Following the transactions reported herein, 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) 278,175 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto Revocable Trust, of which Mr. Barretto serves as the sole trustee.