Dan J. Sanders - Mar 10, 2022 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Role: Chief Operations Officer
Signature: /s/ Brandon F. Lombardi, Attorney-in-Fact for Dan J. Sanders
Stock symbol: SFM
Transactions as of: Mar 10, 2022
Transactions value $: -$21,427
Form type: 4
Date filed: 3/11/2022, 05:03 PM
Previous filing: Mar 8, 2022
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	-$21.4K	-695	-1.95%	$30.83	34.9K	Mar 10, 2022	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 27,390 shares of common stock and 7,488 restricted shares. Each restricted share represents the right to receive, upon vesting, one share of common stock. 2,341 restricted shares will vest on March 9, 2023; and 5,147 restricted shares will vest evenly over three years on March 16, 2022, March 16, 2023 and March 16, 2024. All such vests assume continued employment through the applicable 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 27,390 shares of common stock and 7,488 restricted shares. Each restricted share represents the right to receive, upon vesting, one share of common stock. 2,341 restricted shares will vest on March 9, 2023; and 5,147 restricted shares will vest evenly over three years on March 16, 2022, March 16, 2023 and March 16, 2024. All such vests assume continued employment through the applicable dates.