J. Scott Neal - 15 Jun 2021 Form 3 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Role
Chief Fresh Merchandising Off.
Signature
/s/ Brandon F. Lombardi, Attorney-in-Fact for John Scott Neal
Issuer symbol
SFM
Transactions as of
15 Jun 2021
Net transactions value
$0
Form type
3
Filing time
25 Jun 2021, 18:31:18 UTC
Next filing
13 Aug 2021
SEC
View on sec.gov

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 40,202 15 Jun 2021 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) 15 Jun 2021 Common stock, par value $0.001 per share 9,691 $24.77 Direct F2
holding SFM Stock Option (right to buy) 15 Jun 2021 Common stock, par value $0.001 per share 19,607 $24.42 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 33,615 shares will vest over three years, with 16,328 shares vesting on August 10, 2021; 8,644 shares vesting on August 10, 2022; and the remaining 8,643 shares vesting on August 10, 2023. The remaining 6,587 shares will vest over three years, with one-third vesting on March 16, 2022; one-third vesting on March 16, 2023; and the remaining one-third vesting on March 16, 2024, assuming continued employment through the applicable vest date.
F2 These options become exercisable over three years, with one-third vesting on August 10, 2021; one-third vesting on August 10, 2022; and the remaining one-third vesting on August 10, 2023, assuming continued employment through the vest dates.
F3 These options become exercisable over three years, with one-third vesting on March 16, 2022; one-third vesting on March 16, 2023; and the remaining one-third vesting on March 16, 2024, assuming continued employment through the vest dates.

Remarks:

The Issuer's Board of Directors determined that in light of Mr. Neal's scope of responsibilities, he should be designated as an officer subject to Section 16. This Form 3 is being filed to reflect such designation.