Brandon F. Lombardi - 04 Mar 2022 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Role: Chief Legal Officer
Signature: /s/ Brandon F. Lombardi
Issuer symbol: SFM
Transactions as of: 04 Mar 2022
Net transactions value: -$625,336
Form type: 4
Filing time: 08 Mar 2022, 17:22:59 UTC
Next filing: 11 Mar 2022
SEC: View on sec.gov

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	Award	$0	+16,006	+34%	$0.000000	62,920	04 Mar 2022	Direct	F1
transaction	SFM	Common Stock, par value $0.001 per share	Options Exercise	$883,380	+25,732	+41%	$34.33	88,652	07 Mar 2022	Direct
transaction	SFM	Common Stock, par value $0.001 per share	Sale	$894,187	-25,732	-29%	$34.75	62,920	07 Mar 2022	Direct
transaction	SFM	Common Stock, par value $0.001 per share	Sale	$526,757	-16,006	-25%	$32.91	46,914	08 Mar 2022	Direct
transaction	SFM	Common Stock, par value $0.001 per share	Sale	$87,771	-2,667	-5.7%	$32.91	44,247	08 Mar 2022	Direct	F2

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	SFM	Stock Option (right to buy)	Options Exercise	$0	-25,732	-100%	$0.000000^*	0	07 Mar 2022	Common stock, par value $0.001 per share	25,732	$34.33	Direct	F3

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

Explanation of Responses:

Id	Content
F1	On March 4, 2019, the reporting person was granted performance share awards covering 8,003 shares of the Issuer's common stock at the target performance level, zero to 200% of which would become eligible to vest based on the achievement of 2021 performance goals as certified by the Issuer's compensation committee. Following certification of achievement of the performance criteria for fiscal 2021 by the Issuer's compensation committee at the 200% performance level, 16,006 shares vested on March 4, 2022.
F2	Includes 29,779 shares of common stock and 14,468 restricted shares. Each restricted share represents the right to receive, upon vesting, one share of common stock. 4,862 shares will vest evenly over two years on March 9, 2022 and March 9, 2023; 5,215 restricted shares will vest evenly over three years on March 16, 2022, March 16, 2023 and March 16, 2024; and 4,391 shares will vest on March 16, 2022. All such vests assume continued employment through the applicable dates.
F3	All such options are presently exercisable.