Jack Sinclair - Jun 25, 2021 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Signature
/s/ Brandon F. Lombardi, Attorney-in-Fact for Jack L. Sinclair
Stock symbol
SFM
Transactions as of
Jun 25, 2021
Transactions value $
-$694,892
Form type
4
Date filed
6/25/2021, 06:30 PM
Next filing
Mar 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SFM Common Stock, par value $0.001 per share Sale -$695K -26.6K -10.83% $26.17 219K Jun 25, 2021 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was a broker-assisted sale of shares of common stock to satisfy the withholding tax liability incurred upon the vesting of restricted stock, as mandated by the Issuer's election under its equity incentive plan documents, and does not represent a discretionary trade by the reporting person.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.17 to $26.2066 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or 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.
F3 Includes 75,239 shares of common stock and 143,348 restricted shares. Each restricted share represents the right to receive, upon vesting, one share of common stock. 59,324 restricted shares will vest on June 24, 2022; 33,783 restricted shares will vest evenly over two years on March 9, 2022 and March 9, 2023; 22,729 restricted shares will vest on March 16, 2022; and 27,512 restricted shares will vest evenly over two years on March 16, 2023 and March 16, 2024. All such vests assume continued employment through the applicable dates.