Dan J. Sanders - Aug 8, 2022 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Signature
/s/ Brandon F. Lombardi, Attorney-in-Fact for Dan J. Sanders
Stock symbol
SFM
Transactions as of
Aug 8, 2022
Transactions value $
-$1,171,983
Form type
4
Date filed
8/10/2022, 06:46 PM
Previous filing
Mar 17, 2022
Next filing
Mar 10, 2023

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 Options Exercise $67.8K +2.41K +6.27% $28.21 40.8K Aug 8, 2022 Direct
transaction SFM Common Stock, par value $0.001 per share Options Exercise $180K +7.8K +19.12% $23.12 48.6K Aug 8, 2022 Direct
transaction SFM Common Stock, par value $0.001 per share Options Exercise $259K +15.7K +32.32% $16.47 64.3K Aug 8, 2022 Direct
transaction SFM Common Stock, par value $0.001 per share Options Exercise $125K +5.11K +7.94% $24.42 69.4K Aug 8, 2022 Direct
transaction SFM Common Stock, par value $0.001 per share Sale -$939K -31K -44.69% $30.29 38.4K Aug 8, 2022 Direct F1
transaction SFM Common Stock, par value $0.001 per share Sale -$864K -28.6K -74.5% $30.22 9.79K Aug 8, 2022 Direct F2, F3

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 -2.41K -100% $0.00* 0 Aug 8, 2022 Common stock, par value $0.001 per share 2.41K $28.21 Direct F4
transaction SFM Stock Option (right to buy) Options Exercise $0 -7.8K -100% $0.00* 0 Aug 8, 2022 Common stock, par value $0.001 per share 7.8K $23.12 Direct F4
transaction SFM Stock Option (right to buy) Options Exercise $0 -15.7K -66.67% $0.00 7.85K Aug 8, 2022 Common stock, par value $0.001 per share 15.7K $16.47 Direct F5
transaction SFM Stock Option (right to buy) Options Exercise $0 -5.11K -33.33% $0.00 10.2K Aug 8, 2022 Common stock, par value $0.001 per share 5.11K $24.42 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.94 to $30.61 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.84 to $30.61 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Includes 9,787 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; 3,431 restricted shares will vest evenly over two years on March 16, 2023 and March 16, 2024; and 4,015 restricted shares will vest evenly over three years on March 15, 2023, March 15, 2024 and March 15, 2025. All such vests assume continued employment through the applicable dates.
F4 All such options are presently exercisable.
F5 The reporting person is exercising options that are presently exercisable. After giving effect to this transaction, the remaining options become exercisable on March 9, 2023.
F6 The reporting person is exercising options that are presently exercisable. After giving effect to this transaction, the remaining options become exercisable evenly over two years on March 16, 2023 and March 16, 2024.