Stacy W. Hilgendorf - Mar 15, 2022 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Signature
/s/ Brandon F. Lombardi, Attorney-in-Fact for Stacy W. Hilgendorf
Stock symbol
SFM
Transactions as of
Mar 15, 2022
Transactions value $
-$9,286
Form type
4
Date filed
3/17/2022, 08:59 PM
Previous filing
Mar 11, 2022
Next filing
Nov 10, 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 +4.77K +74.18% $0.00 11.2K Mar 15, 2022 Direct F1
transaction SFM Common Stock, par value $0.001 per share Sale -$9.29K -298 -2.66% $31.16 10.9K Mar 17, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of a grant of restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. These restricted stock units will vest over three years, with one-third vesting on March 15, 2023; one-third vesting on March 15, 2024; and one-third vesting on March 15, 2025, assuming continued employment through the applicable vest date.
F2 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.
F3 Includes, in addition to the 4,770 shares described in Note (1), 2,677 shares of common stock and 3,455 restricted shares. Each restricted share represents the right to receive, upon vesting, one share of common stock. 1,407 restricted shares will vest on March 9, 2023; and 2,048 restricted shares will vest evenly over two years on March 16, 2023 and March 16, 2024. All such vests assume continued employment through the applicable dates.