Joseph L. Hurley - Mar 13, 2023 Form 3 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Role
Chief Supply Chain Officer
Signature
/s/ Brandon F. Lombardi, Attorney-in-Fact for Joseph L. Hurley
Stock symbol
SFM
Transactions as of
Mar 13, 2023
Transactions value $
$0
Form type
3
Date filed
3/13/2023, 08:00 PM
Next filing
Mar 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SFM Common Stock, par value $0.001 per share 21.7K Mar 13, 2023 Direct F1

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
holding SFM Stock Option (right to buy) Mar 13, 2023 Common stock, par value $0.001 per share 3K $16.47 Direct F2
holding SFM Stock Option (right to buy) Mar 13, 2023 Common stock, par value $0.001 per share 3.91K $24.42 Direct F3
holding SFM Stock Option (right to buy) Mar 13, 2023 Common stock, par value $0.001 per share 6.68K $31.47 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 14,779 shares of common stock and 6,960 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 1,312 restricted stock units will vest evenly over two years on March 16, 2023 and March 16, 2024 and 5,648 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 dates.
F2 These options are presently exercisable.
F3 These options become exercisable over two years, with one-half vesting on March 16, 2023 and one-half vesting on March 16, 2024, assuming continued employment through the applicable vest date.
F4 These options become exercisable over three years, with one-third vesting on March 15, 2023; one-third vesting on March 15, 2024; and the remaining one-third vesting on March 15, 2025, assuming continued employment through the applicable vest date.