# EDGAR Filing Document

**Accession Number:** 0001517375
**File Stem:** 0001517375-23-000010
**Filing Date:** 2023-2
**Character Count:** 10031
**Document Hash:** 374735786950758378eabf5e21b51acf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001517375-23-000010.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001517375-23-000010

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230213

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**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:** 23630466

**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

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Rankin Aaron Edward Frederick<br><sub>(Last) (First) (Middle)</sub><br>131 SOUTH DEARBORN ST.<br>SUITE 700<br><sub>(Street)</sub><br>CHICAGO, IL 60603<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-13 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief Technology Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Sprout Social, Inc. [ SPT ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock | 2023-02-13 |  | C |  | 9950 | A | $0 | 9950 | I | See footnote<sup>(1)</sup> |
| Class A Common Stock | 2023-02-13 |  | S |  | 2700 | D | 60.074<sup>(2)</sup> | 7250 | I | See footnote<sup>(1)</sup> |
| Class A Common Stock | 2023-02-13 |  | S |  | 1675 | D | 61.069<sup>(3)</sup> | 5575 | I | See footnote<sup>(1)</sup> |
| Class A Common Stock | 2023-02-13 |  | S |  | 600 | D | 61.877<sup>(4)</sup> | 4975 | I | See footnote<sup>(1)</sup> |
| Class A Common Stock | 2023-02-13 |  | S |  | 2700 | D | 60.08<sup>(2)</sup> | 2275 | I | See footnote<sup>(1)</sup> |
| Class A Common Stock | 2023-02-13 |  | S |  | 1875 | D | 61.11<sup>(3)</sup> | 400 | I | See footnote<sup>(1)</sup> |
| Class A Common Stock | 2023-02-13 |  | S |  | 400 | D | 61.97<sup>(5)</sup> | 0 | I | See footnote<sup>(1)</sup> |
| Class A Common Stock |  |  |  |  |  |  |  | 31115<sup>(6)</sup> | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Class B Common Stock | <sup>(7)</sup> | 2023-02-13 |  | C |  |  | 9950 | <sup>(7)</sup> | <sup>(7)</sup> | Class A Common Stock | 9950.0 | $0 | 2822655 | I | See footnote<sup>(1)</sup> |

---

### Footnotes:

(1) Following the transactions reported herein, this represents (i) 744,787 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) 826,906 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.

(2) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.71 to $60.70 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.

(3) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.74 to $61.72 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.

(4) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.74 to $62.07 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.

(5) The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.85 to $62.07 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.

(6) This total reported in column 5 includes: (1) 6,887 reported Restricted Stock Units ("RSUs") which vest in 5 equal quarterly installments beginning on March 1, 2023; (2) 5,538 reported RSUs which vest in 9 equal quarterly installments beginning on March 1, 2023; 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.

(7) 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.

**Remarks:**
The transactions reported on this form 4 occurred under a 10b5-1 plan.

**Signature:** /s/ Heidi Jonas, Attorney-in-fact for Aaron E.F. Rankin  
**Date:** 2023-02-14

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* 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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**