0001562180-22-006528.txt : 20220907
0001562180-22-006528.hdr.sgml : 20220907
20220907161312
ACCESSION NUMBER: 0001562180-22-006528
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220902
FILED AS OF DATE: 20220907
DATE AS OF CHANGE: 20220907
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: 221231325
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
primarydocument.xml
PRIMARY DOCUMENT
X0306
4
2022-09-02
false
0001517375
Sprout Social, Inc.
SPT
0001791914
Barretto Ryan Paul
131 SOUTH DEARBORN ST.
SUITE 700
CHICAGO
IL
60603
false
true
false
false
President
Class A Common Stock
2022-09-02
4
S
false
17219.00
57.66
D
335490.00
D
Class A Common Stock
2022-09-06
4
S
false
768.00
55.148
D
309407.00
I
See Footnote
Class A Common Stock
2022-09-06
4
S
false
2313.00
56.098
D
307094.00
I
See Footnote
Class A Common Stock
2022-09-06
4
S
false
2519.00
56.907
D
304575.00
I
See Footnote
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.
The total reported in Column 5 includes: (1) 39,375 reported Restricted Stock Units ("RSUs") which vest in 7 equal quarterly installments beginning on December 1, 2022; (2) 67,500 reported RSUs, which will vest in 9 equal quarterly installments beginning on December 1, 2022; (3) 37,500 reported RSUs, which vest in 10 equal quarterly installments beginning on December 1, 2022; (4) 90,000 reported RSUs, which will vest in 12 equal quarterly installments beginning on December 1, 2022; and (5) 60,000 reported RSUs of which 25% will vest on March 1, 2023, with the remaining portion vesting 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.
This transaction occurred under a 10b5-1 plan.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.55 to $55.45 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.
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) 244,575 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 $55.59 to $56.56 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 $56.62 to $57.23 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
2022-09-07