Joseph del Preto - 15 Jun 2022 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Role
CFO and Treasurer
Signature
/s/ Heidi Jonas, Attorney-in-fact for Joseph Del Preto
Issuer symbol
SPT
Transactions as of
15 Jun 2022
Net transactions value
-$43,236
Form type
4
Filing time
16 Jun 2022, 17:21:51 UTC
Previous filing
03 Jun 2022
Next filing
06 Jul 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 $43,236 -900 -0.68% $48.04 130,789 15 Jun 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The total reported in column 5 includes: (1) 14,462 reported Restricted Stock Units ("RSUs"), which vest in 7 equal quarterly installments beginning on September 1, 2022; (2) 17,709 reported RSUs which vest in 17 equal monthly installments beginning on June 29, 2022; (3) 10,152 which vest in 11 equal quarterly installments beginning on September 1, 2022; and (4) 35,059 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 and do not expire. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.

Remarks:

The transactions disclosed in this form 4 occurred under a 10b5-1 plan.