Kim Coffin - Mar 13, 2023 Form 3 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Role: SVP, Chief Forager
Signature: /s/ Brandon F. Lombardi, Attorney-in-Fact for Kim Coffin
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						13.7K	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	65K	$16.47	Direct	F2
holding	SFM	Stock Option (right to buy)							Mar 13, 2023	Common stock, par value $0.001 per share	4.19K	$24.42	Direct	F3
holding	SFM	Stock Option (right to buy)							Mar 13, 2023	Common stock, par value $0.001 per share	9.65K	$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 8,932 shares of common stock and 4,782 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 1,406 restricted stock units will vest evenly over two years on March 16, 2023 and March 16, 2024 and 3,376 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.