Jamie C. Gilpin - 02 Sep 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
Issuer symbol: SPT
Transactions as of: 02 Sep 2022
Net transactions value: -$33,673
Form type: 4
Filing time: 06 Sep 2022, 16:02:33 UTC
Previous filing: 03 Jun 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	$33,673	-584	-0.59%	$57.66	98,903	02 Sep 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) 5,785 reported Restricted Stock Units ("RSUs") which vest in 6 equal quarterly installments beginning on December 1, 2022 and do not expire; (2) 4,307 reported RSUs which vest in 10 equal quarterly installments beginning on December 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) 5,785 reported Restricted Stock Units ("RSUs") which vest in 6 equal quarterly installments beginning on December 1, 2022 and do not expire; (2) 4,307 reported RSUs which vest in 10 equal quarterly installments beginning on December 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.