Filing Details

Accession Number:
0001517375-23-000025
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-03-06 16:02:52
Reporting Period:
2023-03-02
Accepted Time:
2023-03-06 16:02:52
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 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 2023-03-02 14,859 $61.39 310,908 No 4 S Direct
Class A Common Stock Disposition 2023-03-03 600 $64.02 275,975 No 4 S Indirect See Footnote
Class A Common Stock Disposition 2023-03-03 2,100 $65.01 273,875 No 4 S Indirect See Footnote
Class A Common Stock Disposition 2023-03-03 2,900 $66.04 270,975 No 4 S Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Indirect See Footnote
No 4 S Indirect See Footnote
No 4 S 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) 28,125 reported Restricted Stock Units ("RSUs") which vest in 5 equal quarterly installments beginning on June 1, 2023; (2) 52,500 reported RSUs which vest in 7 equal quarterly installments beginning on June 1, 2023; (3) 30,000 reported RSUs which vest in 8 equal quarterly installments beginning on June 1, 2023; (4) 75,000 reported RSUs which vest in 10 equal quarterly installments beginning on June 1, 2023; and (5) 45,000 reported RSUs which vest 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 transaction occurred under a 10b5-1 plan.
  4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.50 to $64.45 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.
  5. After giving effect to the transactions reported herein, 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) 210,975 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto Revocable Trust, of which Mr. Barretto serves as the sole trustee.
  6. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.55 to $65.46 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.
  7. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.57 to $66.35 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.