Filing Details

Accession Number:
0001562180-22-002261
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-03-03 16:32:19
Reporting Period:
2022-03-02
Accepted Time:
2022-03-03 16:32:19
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
1791914 Paul Ryan Barretto 131 South Dearborn St.
Suite 700
Chicago IL 60603
President No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2022-03-02 10,498 $66.74 375,752 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 326,148 Indirect See footnote
Footnotes
  1. 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.
  2. The total reported in Column 5 includes: (1) 50,625 reported Restricted Stock Units ("RSUs") which vest in 9 equal quarterly installments beginning on June 1, 2022; (2) 82,500 reported RSUs, which will vest in 11 equal quarterly installments beginning on June 1, 2022; (3) 45,000 reported RSUs, which vest in 12 equal quarterly installments beginning on June 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.
  3. This 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) 266,148 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto Revocable Trust, of which Mr. Barretto serves as the sole trustee.