0001517375-23-000027.txt : 20230309 0001517375-23-000027.hdr.sgml : 20230309 20230309161606 ACCESSION NUMBER: 0001517375-23-000027 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230308 FILED AS OF DATE: 20230309 DATE AS OF CHANGE: 20230309 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Howard Justyn Russell CENTRAL INDEX KEY: 0001791816 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39156 FILM NUMBER: 23719948 MAIL ADDRESS: STREET 1: C/O SPROUT SOCIAL, INC. STREET 2: 131 SOUTH DEARBORN STREET, SUITE 700 CITY: CHICAGO STATE: IL ZIP: 60603 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Sprout Social, Inc. CENTRAL INDEX KEY: 0001517375 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 272404165 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 131 SOUTH DEARBORN STREET STREET 2: SUITE 700 CITY: CHICAGO STATE: IL ZIP: 60603 BUSINESS PHONE: 866-878-3231 MAIL ADDRESS: STREET 1: 131 SOUTH DEARBORN STREET STREET 2: SUITE 700 CITY: CHICAGO STATE: IL ZIP: 60603 4 1 wf-form4_167839655429578.xml FORM 4 X0306 4 2023-03-08 0 0001517375 Sprout Social, Inc. SPT 0001791816 Howard Justyn Russell 131 SOUTH DEARBORN ST. SUITE 700 CHICAGO IL 60603 1 1 1 0 Chairman and CEO Class A Common Stock 2023-03-08 4 C 0 20000 0 A 20000 I See footnote Class A Common Stock 2023-03-08 4 S 0 12205 63.642 D 7795 I See footnote Class A Common Stock 2023-03-08 4 S 0 6095 64.52 D 1700 I See footnote Class A Common Stock 2023-03-08 4 S 0 1700 65.237 D 0 I See footnote Class A Common Stock 221455 D Class B Common Stock 2023-03-08 4 C 0 20000 0 D Class A Common Stock 20000.0 2516471 I See footnote Class B Common Stock Class A Common Stock 518874.0 518874 D Following the transactions reported herein, this represents (i) 1,761,471 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person 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 $63.10 to $64.09 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 $64.11 to $65.10 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 $65.12 to $65.33 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: (1) 33,056 reported Restricted Stock Units ("RSUs") of which vest in 4 equal quarterly installments beginning on June 1, 2023; (2) 29,535 reported RSUs which vest in 8 equal quarterly installments beginning on June 1, 2023; and (3) 73,847 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. Shares of Class B Common Stock have no economic rights and each share entitles its holder to 10 votes per share. Each share of Class B Common Stock is exchangeable by the holder on a one-for-one basis for Class A Common Stock at any time and does not expire. The transactions reported on this form 4 occurred under a 10b5-1 plan. /s/ Heidi Jonas, Attorney-in-fact for Justyn R. Howard 2023-03-09