Joseph Del - Jul 5, 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
Stock symbol: SPT
Transactions as of: Jul 5, 2022
Transactions value $: -$25,855
Form type: 4
Date filed: 7/6/2022, 05:31 PM
Previous filing: Jun 16, 2022
Next filing: Aug 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPT	Class A Common Stock	Sale	-$25.9K	-427	-0.33%	$60.55	130K	Jul 5, 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	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) 16,667 reported RSUs which vest in 16 equal monthly installments beginning on July 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.

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.

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) 16,667 reported RSUs which vest in 16 equal monthly installments beginning on July 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.