Curtis Valentine - Jan 1, 2024 Form 3 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Role: Chief Financial Officer
Signature: /s/ Brandon F. Lombardi, Attorney-in-Fact for Curtis Valentine
Stock symbol: SFM
Transactions as of: Jan 1, 2024
Transactions value $: $0
Form type: 3
Date filed: 1/5/2024, 06:03 PM
Next filing: Mar 18, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SFM	Common Stock, par value $0.001 per share						6.42K	Jan 1, 2024	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	SFM	Stock Option (right to buy)							Jan 1, 2024	Common stock, par value $0.001 per share	3.08K	$24.42	Direct	F2
holding	SFM	Stock Option (right to buy)							Jan 1, 2024	Common stock, par value $0.001 per share	5.35K	$32.95	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 6,424 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 1,034 restricted stock units will vest on March 16, 2024, 3,310 restricted stock units will vest evenly over two years on March 15, 2024 and March 15, 2025 and 2,080 restricted stock units will vest evenly over three years on March 14, 2024, March 14, 2025 and March 14, 2026. All such vests assume continued employment through the applicable vest date.
F2	These options become exercisable on March 16, 2024, assuming continued employment through the vest date.
F3	These options become exercisable over three years, with one-third vesting on March 14, 2024; one-third vesting on March 14, 2025; and the remaining one-third vesting on March 14, 2026, assuming continued employment through the applicable vest date.