Sprout Social, Inc. — Director's Dealing 2021

Mar 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Sprout Social, Inc. (SPT)
CIK: 0001517375
Period of Report: 2021-03-16

Reporting Person: Del Preto Joseph (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-16	Class A Common Stock	S	900.00	$62.32	Disposed	153719.00	Direct
2021-03-16	Class A Common Stock	S	1968.00	$63.181	Disposed	151751.00	Direct
2021-03-16	Class A Common Stock	S	1132.00	$64.282	Disposed	150619.00	Direct

Footnotes

F1: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.83 to $62.81 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.

F2: The total reported in column 5 includes: (1) 24,792 reported Restricted Stock Units ("RSUs"), which vest in 12 equal quarterly installments beginning on June 1, 2021, and do not expire; (2) 25,000 reported RSUs which vest in 5 equal monthly installments beginning on March 24, 2021 and expire July 24, 2024; (3) 33,334 reported RSUs which vest in 32 equal monthly installments beginning on March 29, 2021 and do not expire; and (4) 14,767 reported RSUs of which 25% vest on March 1, 2022 with the remaining RSUs vesting in 12 equal quarterly installments beginning on June 1, 2022 and do not expire. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer.

F3: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.84 to $63.74 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.

F4: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.85 to $64.74 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.