Scott Neal - Aug 11, 2021 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Role: Chief Fresh Merchandising Off.
Signature: /s/ Brandon F. Lombardi, Attorney-in-Fact for J. Scott Neal
Stock symbol: SFM
Transactions as of: Aug 11, 2021
Transactions value $: -$119,742
Form type: 4
Date filed: 8/13/2021, 05:35 PM
Previous filing: Jun 25, 2021
Next filing: Mar 17, 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	-$120K	-4.84K	-12.04%	$24.74	35.4K	Aug 11, 2021	Direct	F1, F2

* 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 units, 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	Includes 11,488 shares of common stock and 23,874 restricted shares. Each restricted share represents the right to receive, upon vesting, one share of common stock. 17,287 restricted shares will vest evenly over two years on August 10, 2022 and August 10, 2023, and 6,587 restricted 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 dates.

Content

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 units, as mandated by the Issuer's election under its equity incentive plan documents, and does not represent a discretionary trade by the reporting person.

Includes 11,488 shares of common stock and 23,874 restricted shares. Each restricted share represents the right to receive, upon vesting, one share of common stock. 17,287 restricted shares will vest evenly over two years on August 10, 2022 and August 10, 2023, and 6,587 restricted 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 dates.