0001517375-23-000088.txt : 20230718
0001517375-23-000088.hdr.sgml : 20230718
20230718160140
ACCESSION NUMBER: 0001517375-23-000088
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230717
FILED AS OF DATE: 20230718
DATE AS OF CHANGE: 20230718
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Rankin Aaron Edward Frederick
CENTRAL INDEX KEY: 0001791946
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39156
FILM NUMBER: 231094259
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_168971046369426.xml
FORM 4
X0508
4
2023-07-17
0
0001517375
Sprout Social, Inc.
SPT
0001791946
Rankin Aaron Edward Frederick
131 SOUTH DEARBORN ST.
SUITE 700
CHICAGO
IL
60603
1
1
1
0
Chief Technology Officer
1
Class A Common Stock
2023-07-17
4
C
0
18000
0
A
18000
I
See footnote
Class A Common Stock
2023-07-17
4
S
0
18000
55.244
D
0
I
See footnote
Class A Common Stock
43600
D
Class B Common Stock
2023-07-17
4
C
0
18000
0
D
Class A Common Stock
18000.0
2794705
I
See footnote
Following the transactions reported herein, this represents (i) 730,812 shares of Class B common stock held by the Aaron Edward Frederick Rankin Revocable Trust, of which Mr. Rankin serves as the sole trustee; (ii) 1,250,962 shares of Class B common stock held by the Rankin Family 2013 Trust, of which Yeming Shi Rankin, Mr. Rankin's spouse, serves as the sole trustee; and (iii) 812,931 shares of Class B common stock held by the Rankin Family 2013 Non-Exempt Trust, of which Yeming Shi Rankin serves as the sole trustee. Yeming Shi Rankin may be deemed to have sole voting and dispositive power with respect to the Class B common stock held by, each of the Rankin Family 2013 Trust and the Rankin Family 2013 Non-Exempt Trust.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.00 to $55.50 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.
This total reported in column 5 includes: (1) 4,132 reported RSUs which vest in 3 equal quarterly installments beginning on September 1, 2023; (2) 4,307 reported RSUs which vest in 7 equal quarterly installments beginning on September 1, 2023; (3) 11,283 reported RSUs which vest in 11 equal quarterly installments beginning on September 1, 2023; and (4) 16,253 reported RSUs of which 25% will vest on March 1, 2024 with the remaining RSUs vesting in 12 equal quarterly installments beginning on June 1, 2024. 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 10b5-1 plans adopted by the Reporting Person on August 31, 2022.
/s/ Heidi Jonas, Attorney-in-fact for Aaron E.F. Rankin
2023-07-18