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Filing Details

Accession Number:: 0001517375-24-000110
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-09-05 18:15:18
Reporting Period:: 2024-09-03

Accepted Time:: 2024-09-05 18:15:18
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

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Disposition	2024-09-03	1,200	$29.62	162,924	No	4	S	Direct
Class A Common Stock	Disposition	2024-09-03	300	$30.54	162,624	No	4	S	Direct
Class A Common Stock	Disposition	2024-09-04	2,510	$29.23	160,114	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Footnotes

This transaction occurred under a 10b5-1 plan adopted by the Reporting Person on August 16, 2023.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.25 to $30.20 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.
After giving effect to the transactions reported herein, the total reported in column 5 includes: (1) 1,846 reported restricted stock units ("RSUs") which vest in 2 equal quarterly installments beginning on December 1, 2024; (2) 13,147 reported RSUs which vest in 6 equal quarterly installments beginning on December 1, 2024; (3) 25,396 reported RSUs which vest in 10 equal quarterly installments beginning on December 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.44 to $30.59 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.
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 RSUs.