Filing Details

Accession Number:
0001517375-24-000085
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-06-05 17:38:04
Reporting Period:
2024-06-03
Accepted Time:
2024-06-05 17:38:04
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1517375 Sprout Social Inc. SPT () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1372274 Joseph Preto Del 131 South Dearborn St.
Suite 700
Chicago IL 60603
Cfo And Treasurer No Yes 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 2024-06-03 1,500 $32.39 169,644 No 4 S Direct
Class A Common Stock Disposition 2024-06-04 2,520 $32.14 167,124 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
Footnotes
  1. The transaction in this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on August 16, 2023.
  2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.12 to $32.80 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.
  3. After giving effect to the transaction reported herein, the total reported in column 5 includes: (1) 2,769 reported RSUs which vest in 3 equal quarterly installments beginning on September 1, 2024; (2) 15,338 reported RSUs which vest in 7 equal quarterly installments beginning on September 1, 2024; (3) 27,935 reported RSUs which vest in 11 equal quarterly installments beginning on September 1, 2024; and (4) 55,122 reported RSUs of which 25% will vest on March 1, 2025 with the remaining RSUs vesting in 12 equal quarterly installments beginning on June 1, 2025. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.
  4. Shares sold pursuant to an irrevocable election made on November 21, 2022, in conformity with the requirements of Rule 10b5-1 for the purpose of covering tax obligations upon settlement of restricted stock units ("RSUs").