Form 4 for SPT Sprout Social, Inc.
Accepted 2023-08-07 00:00:00 ET · period of report 2023-08-03 · accession 0001517375-23-000097 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-08-07 | 2023-06-30 | SPT | Barretto Ryan Paul | Pres | A - Grant | $39.24 | +432 | 481.3K | +0.1% | +$17.0K | |
| MI | 2023-08-07 | 2023-08-03 | SPT | Barretto Ryan Paul | Pres | S - Sale | $53.14 | -11.2K | 244.5K | -4% | -$595.1K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-06-30 | A | A | 432 | $39.24 | 481,335 | D See Footnote | — | — | (F3) Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire. (F2) The total reported in Column 5 includes: (1) 22,500 reported Restricted Stock Units ("RSUs") which vest in 4 equal quarterly installments beginning on September 1, 2023; (2) 45,000 reported RSUs which vest in 6 equal quarterly installments beginning on September 1, 2023; (3) 26,250 reported RSUs which vest in 7 equal quarterly installments beginning on September 1, 2023; (4) 67,500 reported RSUs which vest in 9 equal quarterly installments beginning on September 1, 2023; (5) 41,250 reported RSUs which vest in 11 equal quarterly installments beginning on September 1, 2023; (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. (F6) After giving effect to the transactions reported herein: (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) 182,975 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto Revocable Trust, of which Mr. Barretto serves as the sole trustee. |
| 2 | Common | Class A Common Stock | 2023-08-03 | S | D | 1,500 | $53.50 | 242,975 | I | — | — | (F7) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.45 to $53.68 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. |
| 3 | Common | Class A Common Stock | 2023-08-03 | S | D | 9,700 | $53.08 | 244,475 | I See Footnote | — | — | (F5) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.45 to $53.43 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. (F6) After giving effect to the transactions reported herein: (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) 182,975 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto Revocable Trust, of which Mr. Barretto serves as the sole trustee. |