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Filing Details

Accession Number:: 0001562180-22-005910
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-08-05 16:01:07
Reporting Period:: 2022-08-03

Accepted Time:: 2022-08-05 16:01:07
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

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2022-08-03	1,300	$53.66	314,475	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2022-08-03	545	$54.64	313,930	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2022-08-03	1,200	$55.74	312,730	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2022-08-03	800	$56.65	311,930	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2022-08-03	800	$57.89	311,130	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2022-08-03	855	$58.96	310,275	No	4	S	Indirect	See footnote
Class A Common Stock	Disposition	2022-08-03	100	$59.43	310,175	No	4	S	Indirect	See footnote

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	352,709	Direct

Footnotes

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.19 to $54.11 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.
The total reported in Column 5 includes 301.6773 shares acquired under the Issuer's 2019 Employee Stock Purchase Plan ("ESPP") on July 5, 2022. The ESPP provides for the purchase of fractional shares. The numbers reported herein are rounded to the nearest whole number.
The number of securities shown to be beneficially owned reflects an upward adjustment of 5,600 shares of common stock incorrectly transacted and reported as beneficially owned by the Reporting Person due to a clerical error made in a Form 4 filed July 6, 2022.
This amount 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) 250,175 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto Revocable Trust, of which Mr. Barretto serves as the sole trustee.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.23 to $55.21 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.26 to $56.13 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.34 to $57.11 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.39 to $58.25 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.43 to $59.31 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.
The number of securities shown to be indirectly owned following the transaction being reported in this Form 4 reflects a downward adjustment of 5,600 shares of common stock previously transacted and reported as beneficially owned by the Reporting Person due to a clerical error made in a Form 4 filed July 6, 2022.
The total reported in Column 5 includes: (1) 45,000 reported Restricted Stock Units ("RSUs") which vest in 8 equal quarterly installments beginning on September 1, 2022; (2) 75,000 reported RSUs, which will vest in 10 equal quarterly installments beginning on September 1, 2022; (3) 41,250 reported RSUs, which vest in 11 equal quarterly installments beginning on September 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.