Stacy W. Hilgendorf - 02 Mar 2023 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
02 Mar 2023
Net transactions value
-$66,863
Form type
4
Filing time
03 Mar 2023, 16:46:26 UTC
Previous filing
10 Nov 2022
Next filing
10 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 $74,432 +3,048 +28% $24.42 13,950 02 Mar 2023 Direct
transaction SFM Common Stock, par value $0.001 per share Sale $141,295 -4,037 -29% $35.00 9,913 02 Mar 2023 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 -3,048 -33% $0.000000 6,095 02 Mar 2023 Common stock, par value $0.001 per share 3,048 $24.42 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 1,688 shares of common stock and 8,225 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 1,407 restricted stock units will vest on March 9, 2023; 2,048 restricted stock units will vest evenly over two years on March 16, 2023 and March 16, 2024; and 4,770 restricted stock units 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 evenly over two years on March 16, 2023 and March 16, 2024.