Form 4 for SPT Sprout Social, Inc.
Accepted 2022-07-06 00:00:00 ET · period of report 2022-07-05 · accession 0001562180-22-005579 · 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 | 2022-07-06 | 2022-07-05 | SPT | Barretto Ryan Paul | Pres | S - Sale | $60.90 | -5,600 | 347.2K | -2% | -$341.0K |
| 2022-07-06 | 2022-07-01 | SPT | Barretto Ryan Paul | Pres | A - Grant | $49.36 | +302 | 352.7K | +0.1% | +$14.9K |
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 | 2022-07-05 | S | D | 2,221 | $61.47 | 348,488 | D | — | — | (F7) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.98 to $61.83 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) 45,000 reported Restricted Stock Units ("RSUs") which vest in 8 equal quarterly installments beginning on September 1, 2022; (2) 75,000 reported RSUs, which will vest in 10 equal quarterly installments beginning on September 1, 2022; (3) 41,250 reported RSUs, which vest in 11 equal quarterly installments beginning on September 1, 2022; (4) 120,000 reported RSUs, of which 25% will vest on September 1, 2022, with the remaining portion vesting 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. |
| 2 | Common | Class A Common Stock | 2022-07-05 | S | D | 300 | $56.35 | 352,409 | D | — | — | (F4) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.70 to $56.68 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. (F2) The total reported in Column 5 includes: (1) 45,000 reported Restricted Stock Units ("RSUs") which vest in 8 equal quarterly installments beginning on September 1, 2022; (2) 75,000 reported RSUs, which will vest in 10 equal quarterly installments beginning on September 1, 2022; (3) 41,250 reported RSUs, which vest in 11 equal quarterly installments beginning on September 1, 2022; (4) 120,000 reported RSUs, of which 25% will vest on September 1, 2022, with the remaining portion vesting 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. |
| 3 | Common | Class A Common Stock | 2022-07-01 | A | A | 302 | $49.36 | 352,709 | D | — | — | (F2) The total reported in Column 5 includes: (1) 45,000 reported Restricted Stock Units ("RSUs") which vest in 8 equal quarterly installments beginning on September 1, 2022; (2) 75,000 reported RSUs, which will vest in 10 equal quarterly installments beginning on September 1, 2022; (3) 41,250 reported RSUs, which vest in 11 equal quarterly installments beginning on September 1, 2022; (4) 120,000 reported RSUs, of which 25% will vest on September 1, 2022, with the remaining portion vesting 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. |
| 4 | Common | Class A Common Stock | 2022-07-05 | S | D | 79 | $63.04 | 347,109 | D | — | — | (F2) The total reported in Column 5 includes: (1) 45,000 reported Restricted Stock Units ("RSUs") which vest in 8 equal quarterly installments beginning on September 1, 2022; (2) 75,000 reported RSUs, which will vest in 10 equal quarterly installments beginning on September 1, 2022; (3) 41,250 reported RSUs, which vest in 11 equal quarterly installments beginning on September 1, 2022; (4) 120,000 reported RSUs, of which 25% will vest on September 1, 2022, with the remaining portion vesting 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. |
| 5 | Common | Class A Common Stock | 2022-07-05 | S | D | 100 | $58.81 | 351,809 | D | — | — | (F2) The total reported in Column 5 includes: (1) 45,000 reported Restricted Stock Units ("RSUs") which vest in 8 equal quarterly installments beginning on September 1, 2022; (2) 75,000 reported RSUs, which will vest in 10 equal quarterly installments beginning on September 1, 2022; (3) 41,250 reported RSUs, which vest in 11 equal quarterly installments beginning on September 1, 2022; (4) 120,000 reported RSUs, of which 25% will vest on September 1, 2022, with the remaining portion vesting 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. |
| 6 | Common | Class A Common Stock | 2022-07-05 | S | D | 1,100 | $60.32 | 350,709 | D | — | — | (F6) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.97 to $60.82 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) 45,000 reported Restricted Stock Units ("RSUs") which vest in 8 equal quarterly installments beginning on September 1, 2022; (2) 75,000 reported RSUs, which will vest in 10 equal quarterly installments beginning on September 1, 2022; (3) 41,250 reported RSUs, which vest in 11 equal quarterly installments beginning on September 1, 2022; (4) 120,000 reported RSUs, of which 25% will vest on September 1, 2022, with the remaining portion vesting 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. |
| 7 | Common | Class A Common Stock | 2022-07-05 | S | D | 500 | $58.13 | 351,909 | D | — | — | (F5) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.59 to $58.56 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. (F2) The total reported in Column 5 includes: (1) 45,000 reported Restricted Stock Units ("RSUs") which vest in 8 equal quarterly installments beginning on September 1, 2022; (2) 75,000 reported RSUs, which will vest in 10 equal quarterly installments beginning on September 1, 2022; (3) 41,250 reported RSUs, which vest in 11 equal quarterly installments beginning on September 1, 2022; (4) 120,000 reported RSUs, of which 25% will vest on September 1, 2022, with the remaining portion vesting 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. |
| 8 | Common | Class A Common Stock | 2022-07-05 | S | D | 1,300 | $62.57 | 347,188 | D | — | — | (F8) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.00 to $62.93 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) 45,000 reported Restricted Stock Units ("RSUs") which vest in 8 equal quarterly installments beginning on September 1, 2022; (2) 75,000 reported RSUs, which will vest in 10 equal quarterly installments beginning on September 1, 2022; (3) 41,250 reported RSUs, which vest in 11 equal quarterly installments beginning on September 1, 2022; (4) 120,000 reported RSUs, of which 25% will vest on September 1, 2022, with the remaining portion vesting 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. |