0000899243-21-010059.txt : 20210304 0000899243-21-010059.hdr.sgml : 20210304 20210304213057 ACCESSION NUMBER: 0000899243-21-010059 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20191213 FILED AS OF DATE: 20210304 DATE AS OF CHANGE: 20210304 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: 21716290 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 C/O GOLDMAN SACHS GROUP INC 200 WEST STREET NEW YORK NY 10282 1 0 0 0 Class A Common Stock 2019-12-13 4 P 0 5000 18.05 A 10383809 I See Footnote Class A Common Stock 2019-12-13 4 S 0 5000 18.05 D 10378809 I See Footnote Class A Common Stock 2019-12-13 4 P 0 25000 16.72 A 10403809 I See Footnote Class A Common Stock 2019-12-13 4 S 0 25000 16.72 D 10378809 I See Footnote Class A Common Stock 2019-12-13 4 P 0 15000 17.00 A 10393809 I See Footnote Class A Common Stock 2019-12-13 4 S 0 15000 17.00 D 10378809 I See Footnote Class A Common Stock 2019-12-13 4 P 0 444 18.05 A 10379253 I See Footnote Class A Common Stock 2019-12-13 4 S 0 444 18.05 D 10378809 I See Footnote Class A Common Stock 2019-12-13 4 P 0 556 18.05 A 10379365 I See Footnote Class A Common Stock 2019-12-13 4 S 0 556 18.05 D 10378809 I See Footnote Class A Common Stock 2019-12-13 4 P 0 5000 18.30 A 10383809 I See Footnote Class A Common Stock 2019-12-13 4 S 0 5000 18.30 D 10378809 I See Footnote Class A Common Stock 2019-12-13 4 P 0 1800 18.1044 A 10380609 I See Footnote Class A Common Stock 2019-12-13 4 S 0 1800 18.1044 D 10378809 I See Footnote Class A Common Stock 2019-12-13 4 P 0 50 18.05 A 10378859 I See Footnote Class A Common Stock 2019-12-13 4 S 0 50 18.05 D 10378809 I See Footnote Class A Common Stock 2019-12-16 4 P 0 1000 16.80 A 10379809 I See Footnote Class A Common Stock 2019-12-16 4 S 0 1000 16.80 D 10378809 I See Footnote Class A Common Stock 2019-12-16 4 P 0 10000 16.78 A 10388809 I See Footnote Class A Common Stock 2019-12-16 4 S 0 10000 16.78 D 10378809 I See Footnote Class A Common Stock 2020-03-20 4 S 0 3648 13.99 A 10405871 I See Footnote Class A Common Stock 2020-03-20 4 P 0 3648 13.99 D 10402223 I See Footnote Class A Common Stock 2020-04-21 4 P 0 174 14.52 A 10393815 I See Footnote Class A Common Stock 2020-04-21 4 S 0 174 14.52 D 10393641 I See Footnote Class A Common Stock 2020-05-15 4 P 0 4348 23.1938 A 10424772 I See Footnote Class A Common Stock 2020-05-15 4 S 0 4348 23.1938 D 10420424 I See Footnote Class A Common Stock 2020-05-22 4 P 0 1000 26.297 A 10507793 I See Footnote Class A Common Stock 2020-05-22 4 S 0 1000 26.297 D 10506793 I See Footnote Class A Common Stock 2020-06-01 4 S 0 26900 28.6655 A 10406390 I See Footnote Class A Common Stock 2020-06-01 4 P 0 26900 28.6655 D 10379490 I See Footnote These transactions in Class A common stock (the "Common Stock") of Sprout Social, Inc. (the "Issuer") have not previously been reported on Form 4 and were effected by Goldman Sachs & Co. LLC ("Goldman Sachs") acting as agent on behalf of an international affiliate that had entered into riskless principal trades in connection with client trade facilitation in the ordinary course of its business. 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 the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer. 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 Securities Exchange Act of 1934, or for any other purpose. Goldman Sachs and GS Group may be deemed to beneficially own 274.1033 shares of Common Stock and 6,420 Restricted Stock Units ("RSUs") granted to the Reporting Person. The RSUs 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. The Reporting Person beneficially owns directly 734 shares of Common Stock. Balance of trades included in attached schedule. (See Exhibit 99.1) /s/ Jamison Yardley, Attorney-in-fact 2021-03-04 EX-99.1 2 attachment1.htm EX-99.1 DOCUMENT HTML

Exhibit 99.1

Table 1 – Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

 

1. Title of Security
(Instr. 3)

  

2. Trans-
action
Date

(Month/
Day/
Year)

  

2A.
Deemed
Execution
Date, if
any

(Month/
Day/
Year)

  

3. Trans-
action
Code
(Instr. 8)

  

4. Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)

  

5. Amount of
Securities
Beneficially Owned
Following
Reported
Transaction(s)

(Instr. 3 and 4)

  

6. Owner-
ship
Form:
Direct
(D) or
Indirect
(I)

(Instr. 4)

  

7. Nature of Indirect
Beneficial Owner-
ship



(Instr. 4)

 

Code
(P) or
(S)

  

V

  

Amount

  

(A)
or
(D)

  

Price

Class A Common Stock(1)(2)(3)

   06/05/2020     S     275   D   $32.5718   10,469,816(4)   I   See Footnote(4)

Class A Common Stock(1)(2)(3)

   06/05/2020     S     275   D   $32.5718   10,469,541(4)   I   See Footnote(4)

Class A Common Stock(1)(2)(3)

   06/23/2020     P     2,000   A   $28.5577   10,380,814(4)   I   See Footnote(4)

Class A Common Stock(1)(2)(3)

   06/23/2020     S     2,000   D   $28.5577   10,378,814(4)   I   See Footnote(4)

Class A Common Stock(1)(2)(3)

   07/21/2020     P     4,348   A   $28.5542   10,383,193(4)   I   See Footnote(4)

Class A Common Stock(1)(2)(3)

   07/21/2020     S     4,348   D   $28.5542   10,378,845(4)   I   See Footnote(4)

Class A Common Stock(1)(2)(3)

   07/27/2020     P     200   A   $27.2200   10,379,116(4)   I   See Footnote(4)

Class A Common Stock(1)(2)(3)

   07/27/2020     S     200   D   $27.2200   10,378,916(4)   I   See Footnote(4)

Class A Common Stock(1)(2)(3)

   08/10/2020     P     4,327   A   $28.0200   10,383,274(4)   I   See Footnote(4)

Class A Common Stock(1)(2)(3)

   08/10/2020     S     4,327   D   $28.0200   10,378,947(4)   I   See Footnote(4)

Class A Common Stock(1)(2)(3)

   08/13/2020     P     1,000   A   $27.5000   8,879,998(4)   I   See Footnote(4)

Class A Common Stock(1)(2)(3)

   08/13/2020     S     1,000   D   $27.5000   8,878,998(4)   I   See Footnote(4)

Class A Common Stock(1)(2)(3)

   08/14/2020     P     8,200   A   $30.8693   8,662,163(4)   I   See Footnote(4)

Class A Common Stock(1)(2)(3)

   08/14/2020     S     8,200   D   $30.8693   8,653,963(4)   I   See Footnote(4)

Class A Common Stock(1)(2)(3)

   12/03/2020     P     259   A   $48.0000   2,327,511.1788(4)   I   See Footnote(4)

Class A Common Stock(1)(2)(3)

   12/03/2020     S     259   D   $48.0000   2,327,252.1788(4)   I   See Footnote(4)

Class A Common Stock(1)(2)(3)

   01/25/2021     P     3,000   A   $70.0000   2,331,137.1033(4)   I   See Footnote(4)

Class A Common Stock(1)(2)(3)

   01/25/2021     S     3,000   D   $70.0000   2,328,137.1033(4)   I   See Footnote(4)

Class A Common Stock(1)(2)(3)

   02/08/2021     P     259   A   $73.3300   2,327,668.1033(4)   I   See Footnote(4)

Class A Common Stock(1)(2)(3)

   02/08/2021     S     259   D   $73.3300   2,327,409.1033(4)   I   See Footnote(4)

Class A Common Stock(3)(5)

   02/25/2021     G   V   613,000   D   $0   1,714,375.1033(4)   I   See Footnote(4)

Class A Common Stock(2)(3)

   02/26/2021     S     18   D   $69.1100   1,714,749.1033(4)   I   See Footnote(4)

Class A Common Stock(2)(3)

   02/26/2021     S     100   D   $69.1200   1,714,649.1033(4)   I   See Footnote(4)

Class A Common Stock(2)(3)

   02/26/2021     S     398   D   $69.1800   1,714,251.1033(4)   I   See Footnote(4)

Class A Common Stock(2)(3)

   02/26/2021     S     2   D   $69.2100   1,714,249.1033(4)   I   See Footnote(4)

Class A Common Stock(2)(3)

   02/26/2021     S     253   D   $69.2300   1,713,996.1033(4)   I   See Footnote(4)

Class A Common Stock(2)(3)

   02/26/2021     P     771   A   $68.3500   1,714,767.1033(4)   I   See Footnote(4)

Class A Common Stock(2)(3)

   03/02/2021     S     1,714,001   D   $72.8000   274.1033(4)   I   See Footnote(4)

Class A Common Stock

                 734(4)   D  

Explanation of Responses:

 

*

If the form is filed by more than one reporting person, see Instruction 4(b)(v).

**

Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

 

1.

These transactions in Class A common stock (the “Common Stock”) of Sprout Social, Inc. (the “Issuer”) have not previously been reported on Form 4 and were effected by Goldman Sachs & Co. LLC (“Goldman Sachs”) acting as agent on behalf of an international affiliate that had entered into riskless principal trades in connection with client trade facilitation in the ordinary course of its business.

2.

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 the Issuer from the reported transactions in the event that they were subject to Section 16(b) will be remitted to the Issuer.

3.

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 Securities Exchange Act of 1934, or for any other purpose.

4.

Goldman Sachs and GS Group may be deemed to beneficially own 274.1033 shares of Common Stock and 6,420 Restricted Stock Units (“RSUs”) granted to the Reporting Person. The RSUs 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. The Reporting Person beneficially owns directly 734 shares of Common Stock.

5.

This transaction represents a donation of shares of the Issuer’s Common Stock to a charity.