0001562180-21-004872.txt : 20210709
0001562180-21-004872.hdr.sgml : 20210709
20210709200738
ACCESSION NUMBER: 0001562180-21-004872
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210708
FILED AS OF DATE: 20210709
DATE AS OF CHANGE: 20210709
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Howard Justyn Russell
CENTRAL INDEX KEY: 0001791816
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39156
FILM NUMBER: 211084025
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
primarydocument.xml
PRIMARY DOCUMENT
X0306
4
2021-07-08
false
0001517375
Sprout Social, Inc.
SPT
0001791816
Howard Justyn Russell
131 SOUTH DEARBORN ST.
SUITE 700
CHICAGO
IL
60603
true
true
true
false
Chairman and CEO
Class A Common Stock
2021-07-08
4
C
false
20000.00
0.00
A
20000.00
I
See footnote
Class A Common Stock
2021-07-08
4
S
false
800.00
86.893
D
19200.00
I
See footnote
Class A Common Stock
2021-07-08
4
S
false
1400.00
88.549
D
17800.00
I
See footnote
Class A Common Stock
2021-07-08
4
S
false
10215.00
89.732
D
7585.00
I
See footnote
Class A Common Stock
2021-07-08
4
S
false
6580.00
90.48
D
1005.00
I
See footnote
Class A Common Stock
2021-07-08
4
S
false
1005.00
91.301
D
0.00
I
See footnote
Class A Common Stock
175002.00
D
Class B Common Stock
2021-07-08
4
C
false
20000.00
0.00
D
Class A Common Stock
20000.00
2916471.00
I
See foonote
Class B Common Stock
Class A Common Stock
518874.00
518874.00
D
Following the transactions reported herein, this represents (i) 2,161,471 shares of Class B common stock held by the JRH Revocable Trust, of which the Reporting Person serves as the sole trustee; (ii) 170,000 shares of Class B common stock held by the EEH Revocable Trust, of which the Reporting Person's spouse serves as the sole trustee; (iii) 285,000 shares of Class B common stock held by the JRH Gift Trust, of which the Reporting Person's spouse serves as the sole trustee; and (iv) 300,000 shares of Class B common stock held by the EEH Gift Trust, of which the Reporting Person serves as the sole trustee.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.35 to $87.30 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.10 to $89.09 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $89.12 to $90.11 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.12 to $91.11 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.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.14 to $91.77 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.
The total reported in column 5 includes: (1) 90,903 reported Restricted Stock Units ("RSUs"), which vest in 11 equal quarterly installments beginning on September 1, 2021; and (2) 59,070 reported RSUs of which 25% will vest on March 1, 2022, with the remaining RSUs vesting in 12 equal quarterly installments beginning on June 1, 2022. Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire.
Shares of Class B Common Stock have no economic rights and each share entitles its holder to 10 votes per share. Each share of Class B Common Stock is exchangeable by the holder on a one-for-one basis for Class A Common Stock at any time and does not expire.
The transactions disclosed in this form 4 occurred under a 10b5-1 plan.
/s/ Heidi Jonas, Attorney-in-fact for Justyn R. Howard
2021-07-09