0001517375-23-000133.txt : 20231206
0001517375-23-000133.hdr.sgml : 20231206
20231206162003
ACCESSION NUMBER: 0001517375-23-000133
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231204
FILED AS OF DATE: 20231206
DATE AS OF CHANGE: 20231206
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Barretto Ryan Paul
CENTRAL INDEX KEY: 0001791914
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39156
FILM NUMBER: 231469841
MAIL ADDRESS:
STREET 1: C/O SPROUT SOCIAL, INC.
STREET 2: 131 SOUTH DEARBORN AVENUE, 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
wk-form4_1701897594.xml
FORM 4
X0508
4
2023-12-04
0
0001517375
Sprout Social, Inc.
SPT
0001791914
Barretto Ryan Paul
131 SOUTH DEARBORN ST.
SUITE 700
CHICAGO
IL
60603
0
1
0
0
President
0
Class A Common Stock
2023-12-04
4
S
0
11307
58.534
D
458918
D
Class A Common Stock
2023-12-04
4
S
0
2986
58.164
D
223189
I
See Footnote
Class A Common Stock
2023-12-04
4
S
0
2214
58.829
D
220975
I
See Footnote
Class A Common Stock
2023-12-04
4
S
0
400
59.793
D
220575
I
See 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 restricted stock units ("RSUs").
After giving effect to the transaction reported herein, the total reported in column 5 includes: (1) 11,250 reported RSUs which vest in 2 equal quarterly installments beginning on March 1, 2024; (2) 30,000 reported RSUs which vest in 4 equal quarterly installments beginning on March 1, 2024; (3) 18,750 reported RSUs which vest in 5 equal quarterly installments beginning on March 1, 2024; (4) 52,500 reported RSUs which vest in 7 equal quarterly installments beginning on March 1, 2024; (5) 33,750 reported RSUs which vest in 9 equal quarterly installments beginning on March 1, 2024; (6) 120,000 reported RSUs of which 25% will vest on March 1, 2024, with the remaining portion vesting in 12 equal quarterly installments beginning on June 1, 2024; and (7) 60,134 reported RSUs of which 25% will vest on March 1, 2024, with the remaining portion 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.
This transaction occurred under a 10b5-1 plan adopted by the Reporting Person on November 8, 2022.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.53 to $58.50 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.
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) 160,575 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto Revocable Trust, of which Mr. Barretto 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 $58.55 to $59.37 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 $59.59 to $60.07 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.
/s/ Heidi Jonas, Attorney-in-fact for Ryan Paul Barretto
2023-12-06