Ryan Paul Barretto - Jul 5, 2022 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Role
President
Signature
/s/ Heidi Jonas, Attorney-in-fact for Ryan Paul Barretto
Stock symbol
SPT
Transactions as of
Jul 5, 2022
Transactions value $
-$326,138
Form type
4
Date filed
7/6/2022, 05:31 PM
Previous filing
Jun 3, 2022
Next filing
Aug 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Award $14.9K +302 +0.09% $49.36 353K Jul 1, 2022 Direct F1, F2
transaction SPT Class A Common Stock Sale -$16.9K -300 -0.09% $56.35 352K Jul 5, 2022 Direct F2, F3, F4
transaction SPT Class A Common Stock Sale -$29.1K -500 -0.14% $58.13 352K Jul 5, 2022 Direct F2, F3, F5
transaction SPT Class A Common Stock Sale -$5.88K -100 -0.03% $58.81 352K Jul 5, 2022 Direct F2, F3
transaction SPT Class A Common Stock Sale -$66.3K -1.1K -0.31% $60.32 351K Jul 5, 2022 Direct F2, F3, F6
transaction SPT Class A Common Stock Sale -$137K -2.22K -0.63% $61.47 348K Jul 5, 2022 Direct F2, F3, F7
transaction SPT Class A Common Stock Sale -$81.3K -1.3K -0.37% $62.57 347K Jul 5, 2022 Direct F2, F3, F8
transaction SPT Class A Common Stock Sale -$4.98K -79 -0.02% $63.04 347K Jul 5, 2022 Direct F2, F3
holding SPT Class A Common Stock 321K Jul 5, 2022 See footnote F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares purchased pursuant to the Issuer's 2019 Employee Stock Purchase Plan ("ESPP"), for the purchase period of April 1, 2022 through June 30, 2022. This transaction is exempt from Rule16b-3(d) and Rule16b-3(c). In accordance with the ESPP, 301.6773 shares were purchased at a price equal to 85% of the closing price of Issuer's Class A Common Stock on June 30, 2022. The ESPP provides for the purchase of fractional shares. The numbers reported herein are rounded to the nearest whole number.
F2 The total reported in Column 5 includes: (1) 45,000 reported Restricted Stock Units ("RSUs") which vest in 8 equal quarterly installments beginning on September 1, 2022; (2) 75,000 reported RSUs, which will vest in 10 equal quarterly installments beginning on September 1, 2022; (3) 41,250 reported RSUs, which vest in 11 equal quarterly installments beginning on September 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 This transaction occurred under a 10b5-1 plan.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.70 to $56.68 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.59 to $58.56 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.97 to $60.82 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.98 to $61.83 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.00 to $62.93 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F9 This amount 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) 261,375 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto Revocable Trust, of which Mr. Barretto serves as the sole trustee.