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

Role
Chief Legal Officer
Signature
/s/ Brandon F. Lombardi
Stock symbol
SFM
Transactions as of
Mar 4, 2022
Transactions value $
-$625,336
Form type
4
Date filed
3/8/2022, 05:22 PM
Next filing
Mar 11, 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 Award $0 +16K +34.12% $0.00 62.9K Mar 4, 2022 Direct F1
transaction SFM Common Stock, par value $0.001 per share Options Exercise $883K +25.7K +40.9% $34.33 88.7K Mar 7, 2022 Direct
transaction SFM Common Stock, par value $0.001 per share Sale -$894K -25.7K -29.03% $34.75 62.9K Mar 7, 2022 Direct
transaction SFM Common Stock, par value $0.001 per share Sale -$527K -16K -25.44% $32.91 46.9K Mar 8, 2022 Direct
transaction SFM Common Stock, par value $0.001 per share Sale -$87.8K -2.67K -5.68% $32.91 44.2K Mar 8, 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 -25.7K -100% $0.00* 0 Mar 7, 2022 Common stock, par value $0.001 per share 25.7K $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.