SEC Contract Filing

Filing Date: 2023-11-06

Document Content:
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<DIV><FONT size="1" style="font-size:1pt;color:white"> SPROUT SOCIAL, INC. 2019 INCENTIVE AWARD PLAN RESTRICTED STOCK UNIT AWARD GRANT NOTICE AND RESTRICTED STOCK UNIT AGREEMENT Sprout Social, Inc., a Delaware corporation (the &#8220;Company&#8221;), pursuant to its 2019 Incentive Award Plan, as amended from time to time (the &#8220;Plan&#8221;), hereby grants to the holder listed below (&#8220;Participant&#8221;) the number of Restricted Stock Units set forth below (the &#8220;RSUs&#8221;). The RSUs are subject to the terms and conditions set forth in this Restricted Stock Unit Grant Notice (the &#8220;Grant Notice&#8221;), the Restricted Stock Unit Agreement attached hereto as Exhibit A (the &#8220;Agreement&#8221;), the special provisions for the Participant&#8217;s country of residence if such Participant resides or provides services outside the United States, if applicable, attached hereto as Exhibit B (the &#8220;Foreign Appendix&#8221;) and the Plan, each of which is incorporated herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in the Grant Notice and the Agreement. Participant: Grant Date: Vesting Start Date: Number of RSUs: Type of Shares Issuable: Class A Common Stock Vesting Schedule: Except as otherwise provided in the Agreement, the RSUs shall vest as to 25% of the total number of RSUs on the first anniversary of the Vesting Start Date and as to an additional 1/16th of the total number of RSUs on each quarterly anniversary of the Vesting Start Date thereafter (and if there is no corresponding day, the last day of the quarter) such that the RSUs shall be fully vested on the fourth anniversary of the Vesting Start Date, subject to Participant&#8217;s continued status as an Eligible Individual through the applicable vesting date. Withholding Tax Acknowledgement: By accepting this Award electronically through the Plan service provider&#8217;s online grant acceptance policy, the Participant understands and agrees that they shall be subject to, and consents to the application of, the Company&#8217;s sell to cover policy, which requires that, as a condition of the grant of the RSUs hereunder, the Participant (1) sell that number of Shares determined in accordance with Section 2.5 of the Agreement as may be necessary to satisfy all applicable withholding obligations with respect to any taxable event arising in connection with the RSUs and similarly sell such number of Shares as may be necessary to satisfy all applicable withholding obligations with respect to any other awards of restricted stock units granted to the Participant under the Plan, the Company&#8217;s 2016 Stock Plan, or any other equity incentive plans of the Company or its predecessor, and (2) to allow the Agent (as defined in the Agreement) to remit the cash proceeds of such sale(s) to the Company. Furthermore, the Participant directs the Company to make a cash payment equal to the required tax and social security withholding from the cash proceeds of such sale(s) directly to the appropriate taxing authorities. The Participant has carefully reviewed Section 2.5 of the Agreement. By accepting this Award electronically through the Plan service provider&#8217;s online grant acceptance policy, Participant agrees to be bound by the terms and conditions of the Plan, the Foreign Appendix, if applicable, the Agreement and the Grant Notice. Participant has reviewed the Agreement, the Foreign Appendix, if applicable, the Plan and the Grant Notice in their entirety, has had an opportunity to obtain the advice of counsel prior to executing the Grant Notice and fully understands all provisions of the Grant </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> Notice, the Agreement, the Foreign Appendix, if applicable, and the Plan. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan, the Grant Notice or the Agreement. SPROUT SOCIAL, INC. PARTICIPANT By: By: Print Name: Joe Del Preto Print Name: Title: Chief Financial Officer </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> EXHIBIT A TO RESTRICTED STOCK UNIT AWARD GRANT NOTICE RESTRICTED STOCK UNIT AWARD AGREEMENT Pursuant to the Grant Notice to which this Agreement is attached, the Company has granted to Participant the number of RSUs set forth in the Grant Notice. ARTICLE I. GENERAL Section 1.1 Defined Terms. Capitalized terms not specifically defined herein shall have the meanings specified in the Plan or the Grant Notice. For purposes of this Agreement, (a) &#8220;Cause&#8221; shall mean, unless such term or an equivalent term is otherwise defined by any employment agreement or offer letter between a Participant and a Participating Company, any of the following: (i) the Participant&#8217;s theft, dishonesty, willful misconduct, breach of fiduciary duty for personal profit, or falsification of any Participating Company documents or records; (ii) the Particip