Aaron E. F. Rankin - Aug 10, 2022 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Signature
/s/ Heidi Jonas, Attorney-in-fact for Aaron E.F. Rankin
Stock symbol
SPT
Transactions as of
Aug 10, 2022
Transactions value $
-$6,522,921
Form type
4
Date filed
8/11/2022, 04:32 PM
Previous filing
Jun 3, 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 -$465K -7.11K -17.09% $65.31 34.5K Aug 10, 2022 Direct F1, F2
transaction SPT Class A Common Stock Sale -$112K -1.7K -4.92% $66.14 32.8K Aug 10, 2022 Direct F2, F3
transaction SPT Class A Common Stock Conversion of derivative security $0 +91.2K $0.00 91.2K Aug 10, 2022 See footnote F4
transaction SPT Class A Common Stock Sale -$1.12M -17.2K -18.84% $65.16 74K Aug 10, 2022 See footnote F4, F5
transaction SPT Class A Common Stock Sale -$66.8K -1.01K -1.36% $66.22 73K Aug 10, 2022 See footnote F4, F6
transaction SPT Class A Common Stock Sale -$4.65M -71.4K -97.79% $65.18 1.61K Aug 10, 2022 See footnote F4, F7
transaction SPT Class A Common Stock Sale -$107K -1.61K -100% $66.20 0 Aug 10, 2022 See footnote F4, F8

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPT Class B Common Stock Conversion of derivative security $0 -91.2K -3.03% $0.00 2.92M Aug 10, 2022 Class A Common Stock 91.2K See footnote F4, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.00 to $65.95 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.
F2 This total reported in column 5 includes: (1) 9,641 reported Restricted Stock Units ("RSUs") which vest in 7 equal quarterly installments beginning on September 1, 2022; (2) 6,768 reported RSUs which vest in 11 equal quarterly installments beginning on September 1, 2022; and (3) 16,411 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 and does not expire.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.03 to $66.44 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.
F4 Following the transactions reported herein, this represents (i) 809,562 shares of Class B common stock held by the Aaron Edward Frederick Rankin Revocable Trust, of which Mr. Rankin serves as the sole trustee; (ii) 1,250,962 shares of Class B common stock held by the Rankin Family 2013 Trust, of which Yeming Shi Rankin, Mr. Rankin's spouse, serves as the sole trustee; and (iii) 862,681 shares of Class B common stock held by the Rankin Family 2013 Non-Exempt Trust, of which Yeming Shi Rankin serves as the sole trustee. Yeming Shi Rankin may be deemed to have sole voting and dispositive power with respect to the Class B common stock held by, each of the Rankin Family 2013 Trust and the Rankin Family 2013 Non-Exempt Trust.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.00 to $65.82 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.
F6 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.12 to $66.44 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 $65.00 to $65.91 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 $66.12 to $66.53 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 Shares of Class B Common Stock have no economic rights and each share entitles its holder to 10 votes per share. Each share of Class B Common Stock is exchangeable by the holder on a one-for-one basis for Class A Common Stock at any time and does not expire.