Sprout Social, Inc. (SPT)
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AGM 2021

May 26, 2021

Justyn Howard
Co-Founder and Executive Chair, Sprout Social

Meeting, we will have a brief Q&A session for stockholders. Questions may be placed by stockholders throughout this presentation in the virtual meeting web portal, where they remain in queue until the Q&A session. I would now like to introduce my colleagues who are in attendance. With us are the members of the Sprout Social Board of Directors: Peter Barris, Karen Walker, Aaron Rankin, Steven Collins, Raina Moskowitz, and Jason Kreuziger. Jason has served as a member of our board since 2016 and will not be standing for re-election. Our team and the board would like to thank Jason for his partnership and dedicated service to the company. We also have two company officers here today joining me: Heidi Jonas, General Counsel and Secretary, and Jason Rechel, our Head of Investor Relations.

Lastly, I would like to recognize Shawn Goldfarb from PricewaterhouseCoopers, who has worked on the audit of the company's financial statements for 4 previous fiscal years and is with us today. We appreciate your work, Shaun. Heidi will serve as Secretary of the meeting and will now take us through the formal portion of our meeting.

Heidi Jonas
Chief Legal Officer and Secretary, Sprout Social

Thank you, Justyn. Good morning, everyone. Please note that I have delivered an affidavit of the mailing of the notice at the meeting, which states that notices of this meeting commence mailing on April 9, 2021, to all stockholders of record as of the close of business on March 30, 2021, the record date for this meeting. This affidavit will be filed with the minutes of this meeting. I've been advised by our Inspector of Elections, Gerry Lane, of Broadridge Financial Solutions, that immediately prior to the proceedings, a majority of the voting power of our issued and outstanding shares of common stock are represented by proxy at today's meeting. Since the majority of the company's voting power is represented here today, a quorum is present and the business of the meeting may proceed. At this time, I call the meeting to order.

I'd like to remind everyone that the rules of conduct have been posted on the virtual meeting web portal. These rules will apply to the Q&A session. The polls are now open. When the polls close, I will announce the results. Many of you have already mailed or otherwise delivered your proxy card and therefore intend to have your shares voted by the legal proxy. If you have provided your proxy card, your shares will be voted in accordance with your instructions. If you've not already voted and wish to vote, or if you wish to change your vote, the polls will remain open until we announce the closing of the polls. You may vote by clicking the voting button on the virtual meeting web portal and following the instructions there.

Stockholders who have sent in proxies or voted via telephone or internet and do not want to change their vote do not need to take any further action. The first item of business is the election of one director to the Sprout Social Board of Directors. The candidate who has been nominated to serve as a director by Sprout Social's Nominating and Corporate Governance Committee and the Board of Directors is Justyn Howard. The Proxy statement made available to you describes his qualifications. The Sprout Social Board of Directors recommends you vote for this candidate. The second item of business is to ratify the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2021. Their appointment is discussed in our Proxy statement. The Sprout Social Board of Directors recommends you vote for the ratification of the appointment of PricewaterhouseCoopers LLP.

If you wish to vote, you may do so now by clicking on the vote button. I will pause to give stockholders a chance to finish voting. I now declare the polls closed. A voting report dated as of today has been delivered to me by Broadridge Financial Solutions and the Inspector of Elections, stating that Justyn Howard has been elected as a director by the stockholders. Justyn Howard received more than a plurality of the votes cast. Ratification of the appointment of PricewaterhouseCoopers LLP as Sprout Social's independent registered public accounting firm for the fiscal year ending December 31, 2021, has been approved by the stockholders by the affirmative vote of a majority of the votes cast. The final results will be detailed in a current report on Form 8-K, which we will file with the SEC. With that, I'll hand it back to Justyn.

Justyn Howard
Co-Founder and Executive Chair, Sprout Social

Thank you, Heidi. This completes the formal portion of this meeting. Since there are no other matters properly scheduled to come before the meeting, I hereby adjourn the meeting and we'll move to Q&A. For our Q&A segment, please make sure your questions follow the rules of conduct which are available on the web portal. Questions must be relevant to the annual meeting and brief. Also, we can't answer any questions that would solicit material nonpublic information, such as questions relating to guidance and changes in our business since the filing of our most recent quarterly report with the SEC. Please enter any questions into the Q&A portal now. Heidi will read her questions aloud and will pause to give stockholders time to enter their questions.

Heidi Jonas
Chief Legal Officer and Secretary, Sprout Social

We're not seeing any questions. We will wait a little longer to give stockholders the chance to submit a question. Seeing as there are no questions, we'll conclude the web test at this time. Justyn?

Justyn Howard
Co-Founder and Executive Chair, Sprout Social

Thank you all for attending our annual meeting. We appreciate your support and your investment. Have a wonderful day.

Operator

The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.

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