Jack L. Sinclair - 14 Mar 2023 Form 4 Insider Report for Sprouts Farmers Market, Inc. (SFM)

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: SFM
Reported as of: 14 Mar 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 15 Mar 2023, 21:00:45 UTC
Prior SEC filing: 10 Mar 2023
Next SEC filing: 17 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Brandon F. Lombardi, Attorney-in-Fact for Jack L. Sinclair

Key filing fact

Jack L. Sinclair filed Form 4 for Sprouts Farmers Market, Inc. (SFM) on 15 Mar 2023.

Key facts

This page summarizes Jack L. Sinclair's Form 4 filing for Sprouts Farmers Market, Inc. (SFM).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 15 Mar 2023, 21:00.

Change

Previous filing in this sequence was filed on 10 Mar 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SFM transaction

Common Stock, par value $0.001 per share

Award

Transaction value: $0
Shares: +87,368
Change %: +30%
Price: $0.000000
Shares after: 378,296
Date: 14 Mar 2023
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SFM transaction Derivative

Stock Option (right to buy)

Award

Transaction value: $0
Shares: +89,093
Change %
Price: $0.000000
Shares after: 89,093
Date: 14 Mar 2023
Ownership: Direct
Underlying class: Common stock, par value $0.001 per share
Underlying amount: 89,093
Exercise price: $32.95
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Consists of a grant of restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. These restricted stock units will vest over three years, with 64,256 vesting on March 14, 2024; 11,556 vesting on March 14, 2025; and 11,556 vesting on March 14, 2026, assuming continued employment through the applicable vest date.

Footnote F2

Includes, in addition to the 87,368 shares described in Note (1), 230,108 shares of common stock and 60,820 restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of common stock. 27,512 restricted stock units will vest evenly over two years on March 16, 2023 and March 16, 2024 and 33,308 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 dates.

Footnote F3

These options become exercisable over three years, with one-third vesting on March 14, 2024; one-third vesting on March 14, 2025; and the remaining one-third vesting on March 14, 2026, assuming continued employment through the applicable vest date.