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Filing Details

Accession Number:: 0000769993-20-000330
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-08-18 15:09:00
Reporting Period:: 2020-08-17

Accepted Time:: 2020-08-18 15:09:00
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1517375	Sprout Social Inc.	SPT	Services-Prepackaged Software (7372)	272404165

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1791802	Jason Kreuziger	200 West Street New York NY 10282		No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2020-08-17	1,500,000	$27.50	8,885,418	No	4	S	Indirect	See footnotes
Class A Common Stock	Disposition	2020-08-17	225,000	$27.50	8,660,418	No	4	S	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes

Footnotes

The Reporting Person is a managing director of Goldman Sachs & Co. LLC ("Goldman Sachs"). Goldman Sachs is a direct subsidiary of The Goldman Sachs Group, Inc. ("GS Group"). The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act, or for any other purpose.
Goldman Sachs and GS Group may be deemed to beneficially own indirectly, in the aggregate, 8,660,418 shares of Class A Common Stock ("Common Stock") of Sprout Social, Inc. (the "Issuer") by reason of (i) the direct or indirect beneficial ownership of 8,660,229 shares by Broad Street Principal Investments, L.L.C. ("BSPI") and certain investment entities (the "GS Funds") of which Goldman Sachs is the investment manager and affiliates of Goldman Sachs and GS Group are the general partner, managing limited partner, managing general partner, managing partner, managing member or member and (ii) Goldman Sachs and GS Group may be deemed to beneficially own 189 shares of Common Stock out of which 74 shares are from exempt transactions.
The Reporting Person holds 6,420 Restricted Stock Units ("RSUs") on behalf of GS Group, which will vest on the earlier of (i) the day immediately preceding the date of the first annual meeting of the Issuer's stockholders following the date of the grant and (ii) the first anniversary of the date of grant. Each RSU represents a contingent right to receive one share of Class A Common Stock of the Issuer and has no expiration date.
Represents shares sold by BSPI to certain underwriters in connection with a registered offering on Form S-1 (333-243718) and pursuant to the underwriting agreement, dated August 12, 2020, for such offering.
Represents shares sold by BSPI to certain underwriters in connection with a registered offering on Form S-1 (333-243718) and pursuant to the underwriting agreement, dated August 12, 2020, for such offering. The shares were sold to the underwriters upon the underwriters' exercise of their over-allotment option.