0000899243-20-030886.txt : 20201112
0000899243-20-030886.hdr.sgml : 20201112
20201112212529
ACCESSION NUMBER: 0000899243-20-030886
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20191213
FILED AS OF DATE: 20201112
DATE AS OF CHANGE: 20201112
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Kreuziger Jason
CENTRAL INDEX KEY: 0001791802
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39156
FILM NUMBER: 201308902
MAIL ADDRESS:
STREET 1: C/O SPROUT SOCIAL, INC.
STREET 2: 131 SOUTH DEARBORN STREET, 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
doc4.xml
FORM 4 SUBMISSION
X0306
4
2019-12-13
0
0001517375
Sprout Social, Inc.
SPT
0001791802
Kreuziger Jason
200 WEST STREET
NEW YORK
NY
10282
1
0
0
0
Class A Common Stock
2019-12-13
4
P
0
15000
18.05
A
10393809
I
See Footnotes
Class A Common Stock
2019-12-13
4
P
0
300
18.05
A
10394109
I
See Footnotes
Class A Common Stock
2019-12-13
4
P
0
500
18.01
A
10394609
I
See Footnotes
Class A Common Stock
2019-12-13
4
P
0
25000
16.64
A
10419609
I
See Footnotes
Class A Common Stock
2019-12-13
4
S
0
40800
17.19
D
10378809
I
See Footnotes
Class A Common Stock
2020-07-09
4
P
0
300
28.90
A
10379156
I
See Footnotes
Class A Common Stock
2020-07-09
4
S
0
300
28.90
D
10378856
I
See Footnotes
Class A Common Stock
2020-07-09
4
P
0
300
28.90
A
10379156
I
See Footnotes
Class A Common Stock
2020-07-09
4
S
0
300
28.90
D
10378856
I
See Footnotes
Class A Common Stock
2020-07-10
4
P
0
50000
28.04
A
10428908
I
See Footnotes
Class A Common Stock
2020-07-10
4
S
0
50000
28.04
D
10378908
I
See Footnotes
Class A Common Stock
2020-07-14
4
S
0
100
25.41
D
10378781
I
See Footnotes
Class A Common Stock
2020-07-14
4
S
0
100
25.39
D
10378681
I
See Footnotes
Class A Common Stock
2020-07-14
4
S
0
100
25.40
D
10378581
I
See Footnotes
Class A Common Stock
2020-07-14
4
P
0
300
25.40
A
10378881
I
See Footnotes
Class A Common Stock
2020-11-12
4
J
0
1401879
50.09
A
7351746
I
See Footnotes
Without conceding riskless principal trades in connection with client trade facilitation in the ordinary course of business can result in liability under Section 16(b), the amount of profit potentially recoverable by Sprout Social, Inc. (the "Issuer") from the reported transactions has been remitted to the Issuer.
These transactions in the Issuer's Class A common stock (the "Common Stock") have not previously been reported on Form 4 and were effected by Goldman Sachs & Co. LLC ("Goldman Sachs") acting as agent on behalf of certain international affiliates that had entered into riskless principal trades in connection with client trade facilitation in the ordinary course of their business.
The Reporting Person is a managing director of Goldman Sachs. Goldman Sachs is a direct subsidiary of The Goldman Sachs Group, Inc. ("GS Group"). The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act, or for any other purpose.
After giving effect to the distribution-in-kind on November 12, 2020: Goldman Sachs and GS Group may be deemed to beneficially own indirectly, in the aggregate, 7,351,746 shares of Common Stock by reason of the direct or indirect beneficial ownership of: (i) 7,251,268 shares by Broad Street Principal Investments, L.L.C., (ii) 38,855 shares of Common Stock held by GS Fund Holdings, L.L.C., (iii) 72 shares of Common Stock held by MBD Advisors, L.L.C., (iv) 144 shares of Common Stock held by Bridge Street Advisors, L.L.C., (v) 662 shares of Common Stock held by certain investment entities (the "GS Funds") of which Goldman Sachs is the investment manager and affiliates of Goldman Sachs and GS Group are the general partner, managing limited partner, managing general partner, managing partner, managing member or member, and (vi) Goldman Sachs may be deemed to beneficially own 60,745 shares of Common Stock.
The Reporting Person holds 6,420 Restricted Stock Units ("RSUs") on behalf of GS Group, which will vest on the earlier of (i) the day immediately preceding the date of the first annual meeting of the Issuer's stockholders following the date of the grant and (ii) the first anniversary of the date of grant. Each RSU represents a contingent right to receive one share of Common Stock of the Issuer and has no expiration date. In the November 12, 2020 distribution-in-kind, the Reporting Person received 734 shares of Common Stock in his personal capacity as a limited partner of the GS Funds.
This transaction reflects the receipt of shares of Common Stock pursuant to a pro rata distribution-in-kind by the GS Funds.
/s/ Nathan R. Burby, Attorney-in-fact
2020-11-12