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

Role: Chief Marketing Officer
Signature: /s/ Heidi Jonas, Attorney-in-fact for Jamie C. Gilpin
Stock symbol: SPT
Transactions as of: Jun 2, 2022
Transactions value $: -$31,371
Form type: 4
Date filed: 6/3/2022, 05:15 PM
Previous filing: Apr 20, 2022
Next filing: Sep 6, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPT	Class A Common Stock	Sale	-$31.4K	-538	-0.54%	$58.31	99.5K	Jun 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) 6,749 reported Restricted Stock Units ("RSUs") which vest in 7 equal quarterly installments beginning on September 1, 2022 and do not expire; (2) 4,738 reported RSUs which vest in 11 equal quarterly installments beginning on September 1, 2022; and (3) 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.

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.

Following the transactions reported herein, the total in column 5 includes: (1) 6,749 reported Restricted Stock Units ("RSUs") which vest in 7 equal quarterly installments beginning on September 1, 2022 and do not expire; (2) 4,738 reported RSUs which vest in 11 equal quarterly installments beginning on September 1, 2022; and (3) 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.