0001562180-22-004360.txt : 20220524
0001562180-22-004360.hdr.sgml : 20220524
20220524160055
ACCESSION NUMBER: 0001562180-22-004360
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220520
FILED AS OF DATE: 20220524
DATE AS OF CHANGE: 20220524
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Rankin Aaron Edward Frederick
CENTRAL INDEX KEY: 0001791946
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39156
FILM NUMBER: 22956582
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
2022-05-20
false
0001517375
Sprout Social, Inc.
SPT
0001791946
Rankin Aaron Edward Frederick
131 SOUTH DEARBORN ST.
SUITE 700
CHICAGO
IL
60603
true
true
true
false
Chief Technology Officer
Class A Common Stock
2022-05-20
4
C
false
1310.00
0.00
A
1310.00
I
See footnote
Class A Common Stock
2022-05-20
4
S
false
600.00
50.007
D
710.00
I
See footnote
Class A Common Stock
2022-05-20
4
S
false
710.00
50.006
D
0.00
I
See footnote
Class A Common Stock
42403.00
D
Class B Common Stock
2022-05-20
4
C
false
1310.00
0.00
D
Class A Common Stock
1310.00
3078391.00
I
See footnote
Following the transactions reported herein, this represents (i) 845,028 shares of Class B common stock held by the Aaron Edward Frederick Rankin Revocable Trust, of which Mr. Rankin serves as the sole trustee; (ii) 1,250,962 shares of Class B common stock held by the Rankin Family 2013 Trust, of which Yeming Shi Rankin, Mr. Rankin's spouse, serves as the sole trustee; and (iii) 982,401 shares of Class B common stock held by the Rankin Family 2013 Non-Exempt Trust, of which Yeming Shi Rankin serves as the sole trustee. Yeming Shi Rankin may be deemed to have sole voting and dispositive power with respect to the Class B common stock held by, each of the Rankin Family 2013 Trust and the Rankin Family 2013 Non-Exempt Trust.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.04 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.
This total reported in column 5 includes: (1) 11,018 reported Restricted Stock Units ("RSUs") which vest in 8 equal quarterly installments beginning on June 1, 2022; (2) 7,384 reported RSUs which vest in 12 equal quarterly installments beginning on June 1, 2022; and (3) 16,411 reported RSUs of which 25% vest on March 1, 2023 with the remaining RSUs 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.
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 Aaron E.F. Rankin
2022-05-24