Stacy W. Hilgendorf - 09 Nov 2022 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Role: VP, Controller
Signature: /s/ Brandon F. Lombardi, Attorney-in-Fact for Stacy W. Hilgendorf
Issuer symbol: SFM
Transactions as of: 09 Nov 2022
Net transactions value: -$146,603
Form type: 4
Filing time: 10 Nov 2022, 17:08:54 UTC
Previous filing: 17 Mar 2022
Next filing: 03 Mar 2023
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	Options Exercise	$155,477	+9,440	+87%	$16.47	20,342	09 Nov 2022	Direct
transaction	SFM	Common Stock, par value $0.001 per share	Sale	$302,080	-9,440	-46%	$32.00	10,902	09 Nov 2022	Direct	F1, 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	-9,440	-67%	$0.000000	4,719	09 Nov 2022	Common stock, par value $0.001 per share	9,440	$16.47	Direct	F3

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

Explanation of Responses:

Id	Content
F1	The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F2	Includes 2,677 shares of common stock and 8,225 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; 2,048 restricted shares will vest evenly over two years on March 16, 2023 and March 16, 2024; and 4,770 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 vest date.
F3	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.