Richard Eric Esper - Dec 11, 2021 Form 4 Insider Report for UNITED NATURAL FOODS INC (UNFI)

Role: Chief Accounting Officer
Signature: /s/ Jody L. Hyvarinen, Power-of-Attorney, in fact
Stock symbol: UNFI
Transactions as of: Dec 11, 2021
Transactions value $: -$233,279
Form type: 4
Date filed: 12/14/2021, 03:56 PM
Previous filing: Oct 14, 2021
Next filing: Dec 20, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UNFI	Common Stock	Options Exercise	$0	+14.4K		$0.00	14.4K	Dec 11, 2021	Direct	F1, F2
transaction	UNFI	Common Stock	Tax liability	-$233K	-4.46K	-30.86%	$52.34	9.98K	Dec 11, 2021	Direct

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
transaction	UNFI	Restricted Stock Unit	Options Exercise	$0	-14.4K	-33.33%	$0.00	28.9K	Dec 11, 2021	Common Stock	14.4K		Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	On December 11, 2021, 14,441 shares of United Natural Foods, Inc. (the "Company") restricted stock units ("RSUs") vested. The Company retained 4,457 shares on that date to satisfy certain tax withholding obligations in connection with the vesting.
F2	RSUs convert into common stock on a one-for-one basis. Accordingly, there was no purchase price paid by the reporting person.
F3	Each RSU represents the right to receive one share of the Company's common stock upon vesting in accordance with the terms of the reporting person's RSU agreement.
F4	This RSU award was granted on December 11, 2020 and vests in three equal annual installments beginning on the on the first anniversary of the date of grant. This Form 4 reflects the vesting of this RSU on December 11, 2021 as to 1/3 of the original grant amount.