Form 4 for SPT Sprout Social, Inc.
Accepted 2024-07-02 00:00:00 ET · period of report 2024-07-01 · accession 0001517375-24-000090 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2024-07-02 | 2024-07-01 | SPT | Del Preto Joseph | CFO, Treas | S - Sale | $36.66 | -1,500 | 166.1K | -0.9% | -$55.0K |
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 | 2024-07-01 | S | D | 486 | $37.06 | 165,624 | D | — | — | (F3) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.79 to $37.27 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. (F2) The total reported in column 5 includes: (1) 2,769 reported RSUs which vest in 3 equal quarterly installments beginning on September 1, 2024; (2) 15,338 reported RSUs which vest in 7 equal quarterly installments beginning on September 1, 2024; (3) 27,935 reported RSUs which vest in 11 equal quarterly installments beginning on September 1, 2024; and (4) 55,122 reported RSUs of which 25% will vest on March 1, 2025 with the remaining RSUs vesting in 12 equal quarterly installments beginning on June 1, 2025. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire. |
| 2 | Common | Class A Common Stock | 2024-07-01 | S | D | 1,014 | $36.47 | 166,110 | D | — | — | (F1) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.79 to $36.77 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. (F2) The total reported in column 5 includes: (1) 2,769 reported RSUs which vest in 3 equal quarterly installments beginning on September 1, 2024; (2) 15,338 reported RSUs which vest in 7 equal quarterly installments beginning on September 1, 2024; (3) 27,935 reported RSUs which vest in 11 equal quarterly installments beginning on September 1, 2024; and (4) 55,122 reported RSUs of which 25% will vest on March 1, 2025 with the remaining RSUs vesting in 12 equal quarterly installments beginning on June 1, 2025. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire. |