Ryan Paul Barretto - Mar 4, 2025 Form 4 Insider Report for Sprout Social, Inc. (SPT)

Role
CEO, Director
Signature
/s/ Heidi Jonas, Attorney-in-fact for Ryan Paul Barretto
Stock symbol
SPT
Transactions as of
Mar 4, 2025
Transactions value $
-$468,083
Form type
4
Date filed
3/5/2025, 04:02 PM
Previous filing
Dec 31, 2024
Next filing
Mar 14, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPT Class A Common Stock Sale -$468K -17.8K -3.26% $26.32 529K Mar 4, 2025 Direct F1, F2, F3
holding SPT Class A Common Stock 153K Mar 4, 2025 See Footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares sold pursuant to an irrevocable election made on November 21, 2024, in conformity with the requirements of Rule 10b5-1 for the purpose of covering tax obligations upon settlement of restricted stock units ("RSUs").
F2 After giving effect to the transaction reported herein, this represents: (1) 15,000 reported RSUs which vest in 2 equal quarterly installments beginning on June 1, 2025; (2) 15,000 reported RSUs which vest in 4 equal quarterly installments beginning on June 1, 2025; (3) 60,000 reported RSUs which vest in 8 equal quarterly installments beginning on June 1, 2025; (4) 30,068 reported RSUs which vest in 8 equal quarterly installments beginning on June 1, 2025; (5) 52,154 reported RSUs which vest in 12 equal quarterly installments beginning on June 1, 2025; and (6) 88,999 reported RSUs of which 25% will vest on October 1, 2025 with the remaining RSUs vesting in 12 equal quarterly installments beginning on January 1, 2026.
F3 Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.
F4 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) 93,375 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto Revocable Trust, of which Mr. Barretto serves as the sole trustee.